Thirteen Firms Benefit from North Yorkshire Business Grants
12:31pm 3rd June 2014
Thirteen small businesses are creating 130 jobs in York, North Yorkshire and East Riding thanks to the support of the Local Enterprise Partnership’s Business Grant Programme. And, with only five months left until the fund ends, now is the time for ambitious businesses to present their plans and seize success.
The Business Grant Programme has been set up with money from the Regional Growth Fund to support business growth that creates jobs. The programme is targeted at small, medium and micro businesses and covers the capital costs of up to 20% of a project in grants ranging from £5,000 to £1million.
Thirsk Furniture, who secured one of the £5,000 grants, put the funds towards the purchase of a new CnC router which allows the firm to make higher quality products faster. Now the business can take on new work and grow its team with a new member of staff.
On the larger scale, the Great Yorkshire Brewery needs to drastically expand in order to meet the growing international demand for its products. With the business having export markets in China, Japan and South Africa, we’ve contributed £150,000 towards an expansion that’s expected to create 17 new jobs.
David Kerfoot, vice chairman of the Local Enterprise Partnership said, “The challenges that rural small and micro businesses face means that they need support that can address those issues. That’s why we’ve fought to support small-scale projects and have a dedicated fund manager who can go out to those businesses and help them through their application. If businesses do want to expand and do want our support, now’s the time for them to get in touch.”
Businesses can find out more about the grant programme on the LEP’s website www.businessinspiredgrowth.com/bgp
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