The rejuvenation of Tyseley is set to continue with the launch of a new property assistance programme providing funding to new and existing businesses in Tyseley, helping to safeguard and create over 200 jobs. 

Grant allocation of 50% of eligible costs up to a maximum of £100,000 will be available to eligible businesses in the Tyseley area. These grants are available through the Tyseley Property Assistance Programme, to help businesses improve their premises, access and infrastructure, helping to boost performance and employment growth. 

Supported through £1.1 million from the European Regional Development Fund (ERDF) and with additional funding from Birmingham City Council and significant local business investment in excess of £900,000, the programme is part of a package of activities to develop and improve the Birmingham area.

It also forms part of Birmingham City Council's wider aspiration to develop Tyseley as an Environmental Enterprise District as part of the Birmingham's Core Strategy.

Waheed Nazir, Director of Planning and Regeneration at Birmingham City Council, said: "Tyseley remains a significant part of the industrial and environment infrastructure of Birmingham. 

"Providing financial support to existing businesses, attracting new ones and developing the environment for growth in an environmentally sustainable way is crucial to the regeneration of Tyseley and in turn Birmingham. 

"It is only by investing in programmes such as this that we can begin to achieve the aims of a Low Carbon Enterprise District status for Tyseley. We look forward to working with local businesses to deliver this programme."

Mark Foley, Director of European Programmes at Advantage West Midlands stresses the importance of ERDF support to this area.

He said: "Through the ERDF programme £24 million of support has been allocated to the Birmingham area and this programme is just one example of how this money is being invested".

"Through the development of key districts such as Tyseley, over £900,000 of new investment will be attracted to this area alone helping to lift the property market whilst attracting and maintaining employment.

"This type of benefit and impact is being echoed throughout the region as a direct result of the European funding investments being made.'" 

Managed by Birmingham City Council, the programme runs until 2015.

To find out how to receive support through the property programme, contact Birmingham City Council on 0121 464 9861.