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Funding extension for Enterprise Gateway means assist for tons of of native corporations

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Printed on Monday, November 29, 2021

A KEY supply of assist for Leicester and Leicestershire’s companies will have the ability to attain practically 200 extra corporations following a choice to increase its funding.

A further £2million of European Regional Growth Fund (ERDF) cash has been awarded to Leicester Metropolis Council and companions for the Development Hub challenge – a service offering a one-stop store for enterprise assist throughout the town and county as a part of the Enterprise Gateway Development Hub service.

The funding award means companies will now have the ability to get a share of further grants totalling simply over half one million kilos, and continued entry to a variety of enterprise assist providers.

The service has obtained two rounds of ERDF funding since 2016 and the present £3.9m of ERDF funding was because of finish in December 2021.

Leicester Metropolis Council is the accountable physique for the present ERDF challenge and the extra £2m of funding means the programme will now be prolonged till June 2023, enabling it to supply persevering with assist to corporations nonetheless recovering from the disruption to the their buying and selling brought on by Covid-19.

The Development Hub providers embody:

  • Skilled enterprise advisers to assist companies all through their improvement, providing recommendation on points together with enterprise planning, funding and development
  • A programme of business-related occasions and workshops/ seminars, protecting a variety of matters together with lowering carbon emissions, turning into extra revolutionary and adopting digital advertising and marketing
  • A devoted programme to speed up the expansion of companies created from 2018 onwards
  • Common webinars on facets of finance together with the place to seek out funding and tips on how to apply for it efficiently
  • Referral of purchasers to complementary grant schemes such because the Digital Development and ‘Scale-Up’ programmes

The extra funding means it is going to be in a position to present assist to a different 188 small and medium-sized enterprises (SMEs) throughout the town and county. The service has already helped over 500 SMEs and created over 200 jobs.

The funding makes out there an additional £490,000 of capital grants and £163,000 of income grants for companies.

Cllr Danny Myers, assistant metropolis mayor for jobs and expertise, stated: “On prime of the success Leicester’s had with infrastructure and expertise bids, that is one other large enhance.

“That is important further funding to assist the town’s many revolutionary and dynamic small and medium sized companies. Leicester’s SMEs play a significant position in offering jobs and providers within the metropolis.

“It’s additionally one other endorsement for the council’s imaginative and prescient for Leicester – to safe financial development that’s dynamic, inclusive and sustainable.”

The full challenge value is round £12million, comprising funding from the town and county councils, the LLEP, East Midlands Chamber and ERDF funding.

LLEP Board Director and Chair of the Enterprise Gateway Board, Sonia Baigent, added: “I’m delighted that the Enterprise Gateway has secured this extra ERDF funding by way of until June 2023.

“This implies the service can proceed to assist the dynamic vary of companies throughout Leicester and Leicestershire freed from cost.

“Our pleasant enterprise advisers are available to offer companies the assistance they should obtain their enterprise aspirations. Our fully-funded workshop and seminar programme offers the talents and information companies must run a profitable enterprise and grant funding can be out there to assist these able to broaden and develop additional and create new jobs.

“The Enterprise Gateway gives all this and extra, so I encourage companies that haven’t contacted us earlier than to get in contact to seek out out what is out there for them.”

Companies focused on accessing assist can achieve this right here or by calling 0116 366 8487.

(Ends)

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