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Small Business Grant Scheme to give more start-ups a helping hand

Tamworth Enterprise Centre

More grants of between £500 and £1500 are now available to help promote new small business start-ups, self-employment and entrepreneurship in Tamworth.

The Tamworth Borough Council Start-up Business Grant Scheme continues to run into its second year, offering help to individuals wanting to set up new businesses in the area. The scheme is now encouraging entrepreneurs and small businesses to apply for this year’s first round of grants of between £500 and £1500, before the application closing date on Friday, February 22.

Businesses including an audio production business; accountancy firm; physical wellbeing classes; a town centre Eastern European café and a training company have all benefited from the grant scheme over the last 12 months.

A total of 40 businesses to the value of nearly £35,000 over the two years, have so far been supported since the scheme was launched in April 2017.

To receive these small business grants, individuals are required to meet some basic criteria. This includes attending the Enterprise for Success programme, which provides 12 hours of one-to-one advice and support delivered from Tamworth Enterprise Centre at Philip Dix House in Corporation Street.

The Enterprise for Success programme ensures individuals and businesses have the right skills they need to run their business and results in the creation of a business plan.

Cllr Steve Claymore, Cabinet member for Heritage and Growth, said; “This successful scheme continues to support individuals wishing to start up in new businesses or who have been trading for less than three years.

“Small businesses are the foundation of any thriving economy and using the new Tamworth Enterprise Centre as a ‘hub’ of support and advice can only help grow the local economy.”

Grant applications are recommended to the Cabinet Grants Committee on a quarterly basis for approval. An annual budget of £20,000 has been allocated to the scheme, with around £5,000 being distributed per quarter. This is subject to annual budget reviews and agreements up to March 31st 2020.

To submit an application in this round, individuals would need to attend the two day start-up masterclass on Thursday, January 31 and Friday, February 1, at The Tamworth Enterprise Centre. For more information on the masterclass visit: http://www.tlforbusiness.co.uk/start-support.

To register your interest and check if you are eligible for a grant please contact: Lorraine Farley (Economic Development & Regeneration Officer) on 01827 709525 or email: lorraine-farley@tamworth.gov.uk.