Business Fund Could Help Fill Vacant Office Space in Wolverhampton
Local businesses in Wolverhampton could stand to benefit from a fund of over ┬ú500,000 – designed to provide firms with a cash boost and help to fill vacant work units and office space within the city.
Aimed at budding entrepreneurs keen to generate start-up businesses within the city, the fund forms part of a wider regeneration scheme which the city council, who will administer the scheme, hope will drive economic development.
In a press release posted on the Wolverhampton City Council website, in which it described the fund as providing ΓÇ£A shot in the arm for businessesΓÇ¥, Regeneration chief Cllr Paddy Bradley explained:
“It would be an understatement to say that business has had a tough time of it in recent years, but it is only through entrepreneurial spirit and business growth that jobs will be created and the economy will properly get back on its feet. I hope that through these grants we can help them achieve their ambitions and as a result bring jobs and increased prosperity to Wolverhampton.
Addressing the issue of large numbers of empty work units and office space throughout the city, a subject which was highlighted by BBC news only last month, Cllr Bradley added:
“It is particularly pleasing to see additional start-up grants for businesses setting up in premises in key sites in the City Centre. We all know there are issues with empty units and this will hopefully see many of them filled.”
The grants will be provided in a variety of formats and target groups such as start-up businesses and new businesses within designated city streets. Full details of the groups applicable along with the contact details for those interested in applying are included below:
- Up to ┬ú5,000 to firms less than six months old
- Up to ┬ú3,000 for new businesses in designated city centre streets
- External repair grants for companies within the Chapel Ash and Darlington Street conservation area of Wolverhampton
- Up to ┬ú1,500 for new businesses forecasting high growth within the first year
- Up to ┬ú5,000 for existing companies over six months old to enable further growth
- Grants worth up to ┬ú3,000 to pay for security measures
For more information about the grants email firstname.lastname@example.org or call 01902 321272.