Pictured: Ben Kaye (left) and Dyke Yaxley's client tax
manager, Ian Middleton, celebrate the successful grant
application
A Shropshire engineer has received a much-needed business grant
thanks to help from a local accountancy firm.
Ben Kaye started his own business, Explorer Vehicle Engineering,
in Mytton, near Montford Bridge, just over three years' ago, and he
needed financial support to buy new hi-tech equipment.
"My business offers a quality maintenance and repair service to
owners and operators of all models of Land Rover vehicles," said
Ben.
"But to move the business forward, I needed to invest in a
diagnostic computer so that I could work on the complete range of
Land Rover models, right up to and including the latest generation
vehicles."
So Ben turned to Dyke Yaxley Chartered Accountants, in
Shrewsbury, for advice, and they helped him to apply to the
Shropshire Business Enterprise Fund - run by Shropshire
Council.
The fund provides grants to businesses who are finding it
difficult to secure funding from banks and other lending
institutions, to help companies through the difficult economic
times.
Ian Middleton, Dyke Yaxley client tax manager, said: "The grants
are aimed at businesses that have been trading for between nine and
36 months, and capital grants of up to £5,000 are available,
to provide a maximum contribution of 50% towards eligible
costs.
"Ben completed his business plan, which was exceptional, and our
team helped him with the application form and cash flow
projection.
"It's excellent news that Ben's application was successful, as
the funding will really make all the difference to his business and
help him to build a successful future in the motor industry."
The grants from the Shropshire Business Enterprise Fund are
purely discretionary, and businesses are required to demonstrate
why they need the grant - but the process is also competitive, and
meeting all the criteria is no guarantee of success.
For more information about Dyke Yaxley, please visit their
website here: www.dykeyaxley.co.uk