Friday, 13 May 2022
Council helps deliver financial support packages to boost businesses
Telford & Wrekin Council has helped local businesses secure £3m in financial support over the last three years, creating over 230 jobs.
The council’s business support team, Enterprise Telford, has worked closely with a range of companies since April 2019 to help them access a series of grants and funding streams.
Businesses have received guidance and support relating to six key funding programmes across the Marches LEP area which covers Telford and Wrekin, Shropshire and Herefordshire.
The programmes include the Business Growth Programme (BGP), Business Energy Efficiency Programme (BEEP), Marches Building Investment Grant (MBIG), Small Equipment Fund (SEF) and The Marches Renewable Energy Scheme (MaRE) which are all part-funded by the European Regional Development Fund (ERDF), as well as the Telford Growth Recovery Fund from central government funding.
BGP is managed by Birmingham City Council and accounts for £1.98m in grant support creating 200 jobs in Telford and Wrekin to date and there is currently a healthy pipeline of projects which will develop more jobs in the borough over the next year.
Following their successful BGP application, Michael Harte, managing director at Bridge Cheese, said: “On behalf of everyone at Bridge Cheese I want to thank all the team at Enterprise Telford so much for the massive help and support they have given us with our successful application.
“It is so much appreciated by us all and was vital in putting our application forward. I would also like to thank them for all their patience in answering all the queries that I had.”
The programme offers grant support of between £2,500 and £10,000 for start-up B2B and Small to Medium Enterprises (SMEs) and between £10,000 and £1m for existing B2B and SMEs.
Funding is designed to strengthen supply chains, stimulate innovation and help businesses grow.
The Business Energy Efficiency Programme is managed by Worcestershire Council on behalf of partners across the Marches.
It helps businesses to become more environmentally friendly and save money on their energy costs.
Telford & Wrekin Council has helped 67 businesses to access energy audits and has supported another 22 to access £191,000 of grant assistance for energy efficient improvements through the scheme.
Businesses have also received a huge boost after accessing grants totalling £367,000 from the Marches Building Investment Grant –which is managed by Herefordshire Council.
This project has supported the creation of 25 jobs and has brought 1,379 square metres of commercial floor space back into use.
14 businesses in Telford and Wrekin have secured funds of £113,000 and created 10 new employment opportunities through the Small Equipment Fund which helps SMEs purchase new equipment, develop products and launch new services.
The Marches Renewable Energy Programme has enabled Telford businesses to access £228,000 worth of support to implement projects helping them move on to a more sustainable fuel source.
Finally, the Telford Growth Delivery Fund has helped Telford and Wrekin businesses to grow or expand as they continue to recover from negative impacts associated with trading during the Covid-19 pandemic. 118 businesses benefitted to the total sum of £965,000
The Enterprise Telford Business Support team from Telford and Wrekin use extensive knowledge and connections to inspire and champion local businesses.
Support for businesses includes help with finance and funding, skills, recruitment and training, land and property as well as business planning and access to business intelligence.
Councillor Lee Carter (Lab), Telford & Wrekin Council’s Cabinet Member for Neighbourhood Services, Regeneration and the High Street, said: “Supporting local businesses is a key priority for Telford & Wrekin Council.
“The work achieved by the team to support our businesses in accessing additional funding has been outstanding.
“It has resulted in improvements to their day-to-day operations, helping them to expand or encouraging them to adopt a more environmentally-friendly approach.
“Whatever the funding stream, there has been one common goal which is helping businesses in Telford and Wrekin to flourish and prosper.”
You can find out more about the support that Enterprise Telford offers local businesses here.
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