£10m of business funding up for grabs

The Marches Growth Hub has announced a £10m pot of business funding available to drive growth and create jobs.

It is now urging companies and entrepreneurs across Herefordshire, Shropshire and Telford & Wrekin to bid for a share of the cash.

Paul Hinkins, Marches Growth Hub chairman, said the funding – and specialist support and advice which comes with it – could provide a massive wealth dividend for the region if it was all taken up.

“The Marches has a rich heritage of business success and a thriving economy – and with the help of this funding we can make it even better,” he said.

“This support, which includes both grants and loans, can act as a real catalyst to help launch businesses, kickstart growth, create jobs and boost the economy for all our communities.

“The Marches Local Enterprise Partnership has set some ambitious targets for the region’s growth over the next 20 years and we want to use this funding to help business to innovate into new sectors, drive up skills, boost wealth and create one of the best places to live anywhere in the UK

“That is why we are today challenging businesses across our region to take up our offer, get in touch and see how we can help them grow and prosper.”

The funding comes from the EU’s European Regional Development Fund and the Government-backed Midlands Engine Investment Fund and includes schemes such as the Business Growth Programme 2, Marches Building Investment Grant and the Business Energy Efficiency Programme.

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