04
August
2014
|
00:00
Europe/London

Leeds businesses urged to apply for funds to drive business growth


Businesses in Leeds are being encouraged by the council to apply for grants from a multi-million pound funding pot to help create new jobs and boost growth.



The Leeds City Region Enterprise Partnership’s (LEP) Business Growth Programme, which is supported by the governments Regional Growth Fund, is aimed at small and medium sized business looking to invest in property and equipment or expand their workforce. To qualify, they will need to demonstrate they will create jobs, have private financial backing and will support key growth sectors.



With almost 70 businesses in the city already benefiting from this package and over 560 jobs created or safeguarded as a result, council leaders are keen to see other eligible enterprises take advantage too.



Councillor Keith Wakefield, Leader of Leeds City Council and Chair of the Leeds City Region Investment Panel, said:



“We have many ambitious businesses in Leeds, both large and small. They know how important it is to have a helping hand – by way of a grant – which allows them to grow and achieve their aspirations.



“We’ve seen successful applicants use funds to pursue great business ideas and invest in equipment. From this they are creating jobs and training opportunities, all of which boosts the city’s growing economy.



“I urge businesses to look at the help and support they can access from the Business Growth Programme, as well as the council’s own services and take advantage of what’s on offer.”



Eight businesses were awarded grants over £100,000 and the total investment, (including from the private sector), was £16.5m with 250 jobs created or made secure.



A further 60 businesses received grants under £100,000, with 317 jobs provided.



The programme, which launched in February 2013, has supported a total of 270 businesses from all the local authority districts in the Leeds City Region. A total of £19,395,812 in grant funding has now been awarded and expects to create a minimum of 2,733 jobs as a direct result.



For more information about the funding options on offer from the LEP, please visit http://business.leedscityregion.gov.uk/support/funding



Ends



For media enquiries, please contact;

Laura Ferris, Leeds City Council communications team (0113) 247 5472

Email: laura.ferris@leeds.gov.uk