Marches Area Handed Six-Figure Sum to Boost Business

Posted on 19th July 2012

A six-figure European grant has been provided to the Marches Local Enterprise Partnership (LEP) in a bid to boost businesses within the Telford and Wrekin area.

A total of £186,892 is being distributed across the Marches area with the individual local authorities providing match funding to help boost small and medium enterprises; with Telford and Wrekin set to get the largest share as the lead applicant.

The aim of the grant is to help support businesses through mentoring, workshops and business advice until alternative online service to Business Link can be fully established; and the money is set to be used to facilitate business start-ups within the Marches area by December 2014 and to raise awareness of the new Business Link online services.

Councillor Charles Smith, cabinet member for Housing, Regeneration and Economic Development, said: “The project is seeking to address the need for greater start up, survival and growth of businesses within the Marches area through a spectrum of business support activities.

“The aim is to help businesses and the unemployed through the transition period as the government reforms the Business Link support programme from a local delivery to a national online resource.

“Obviously we are pleased that the Marches LEP has been successful in applying for the European grant funding so we can help support businesses as much as possible in difficult economic times.”

Along with the grant being provided to the Marches area to assist business start-ups; entrepreneurs with an idea and SMEs looking to expand, within the Marches area are able to call on the financial and business support offered by Nicklin Business Starter.

The service, as with the European grant, aims to assist businesses looking to make the break, grow and expand – and is available to any business start-up or entrepreneur within the West Midlands and Black Country.

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