Login Register

East Staffordshire fund for start-ups is to undergo review

By Uttoxeter Post and Times  |  Posted: August 05, 2014

Comments (0)

COUNCIL chiefs have revealed they will be conducting a 'detailed review' of a business funding project to evaluate the impact of the scheme and whether it should continue.

Approximately £150,000 has been pumped into boosting businesses as a result of East Staffordshire Borough Council's business development fund.

As a result 21 business ventures have been helped and 63 jobs created in East Staffordshire.

However, bosses at the authority have stated that they will be conducting a 'detailed review' of the service in the coming months, a decision which is being questioned by the opposition Conservative party.

Former Tory leader of the council Richard Grosvenor said: "I call on the Labour-Independent controlled council to continue the Business Development Scheme given its success."

Julian Mott, leader of the Labour-Independent borough council, said: "The council is delighted that the £150,000 capital has been fully invested in supporting businesses and, as a direct result, 63 new jobs have been created for people in East Staffordshire.

"We are carrying out a detailed review of its success – the previous administration would have carried out a similar evaluation exercise – which will be completed by September.

"Any decisions on extending the programme will be taken by councillors after this time."

The business development scheme was launched in 2013 as part of a two-year project.

Both existing and start-up small and medium-sized business which need financial support are able to apply for grants to grow and expand their businesses.

MP Andrew Griffiths said: "The economy is growing, but it would be very short sighted of the council to scrap support that is proven to help local businesses and create jobs."

Read more from Uttoxeter Advertiser

Do you have something to say? Leave your comment here...

max 4000 characters