HUCKNALL businesses could soon benefit from a successful application to tap into a multi-million pound pot of funding from Europe.
Mansfield District Council’s application for a grant from the European Regional Development Fund (ERDF) for a three-year project called Ambition for Ashfield and Mansfield has been accepted — to the tune of £1.2 million.
At a recent meeting, councillors agreed to accept the grant which it is hoped will help local businesses develop further, as well as help new start-ups.
The grant has to be rubberstamped by Mansfield and Ashfield District Councils and the Department for Communities and Local Government before it will be made available through the Mansfield and Ashfield Regeneration Shared Service.
“This injection of European funding will provide a much-needed boost for local businesses and the local economy as a whole,” said Coun Kate Allsop, portfolio holder for economic regeneration at Mansfield District Council. “For the funding to be of benefit however, it has to be spent, so I would urge all local businesses to explore what is going to be on offer.”
Grants of up to £5,000 will be made available to local businesses towards purchasing new equipment, machinery or security measures, including CCTV or fencing to reduce business-based crime.
A series of networking events focusing on using social media, problem-solving and how to increase business, will be arranged for people who are thinking of starting a business or have just started in business.
The project will also encourage and support local women to start their own businesses by offering business skills advice and small grants.
Coun Steve Carroll (Lab), lead member for regeneration, culture and housing at Ashfield Council, said: “This money will make a real difference to the local businesses and in turn the community as a whole.”