Prosperous: Business Support Across the County
The 'Prosperous: Business Support Across the County' theme aims to support our local businesses grow and thrive.
Interventions, outputs and outcomes
A proposal for the delivery of a grant scheme under this theme, to support smaller projects (under £250k) by communities and businesses is being taken to Cabinet in mid-February 2023. Subject to approval, further details on how to apply for these funds will be shared soon after.
Capital and revenue expenditure in years one, two and three for business support across the county
| Year | Capital | Revenue |
|---|
| Year 2 |
£48,000 |
£628,984 |
|---|
| Year 3 |
£480,000 |
£816,000 |
|---|
Interventions
- W23: Strengthening local entrepreneurial ecosystems, and supporting businesses at all stages of their development to start, sustain, grow and innovate, including through local networks.
- W24: Funding for new and improvements to existing training hubs, business support offers, ‘incubators’ and ‘accelerators’ for local enterprise (including social enterprise) which can support entrepreneurs and start-ups through the early stages of development and growth by offering a combination of services including account management, advice, resources, training, coaching, mentorship and access to workspace.
- W26: Support for growing the local social economy, including community businesses, cooperatives and social enterprises.
- W30: Business support measures to drive employment growth, particularly in areas of higher unemployment.
Outputs
Outputs for business support across the county
| Outputs | Target (numerical value) |
|---|
| Number of enterprises receiving financial support other than grants (W23, W24) |
175 |
| Number of enterprises receiving grants (W23, W29, W30) |
150 |
| Number of potential entrepreneurs assisted to be enterprise ready (W23, W24) |
100 |
| Number of enterprises receiving non-financial support (W26) |
100 |
Outcomes
Outcomes for business support across the county
| Outcomes | Target (numerical value) |
|---|
| Jobs created as a result of support (W23, W30) |
50 |
| Jobs safeguarded as a result of support (W23) |
25 |
| Number of new enterprises created as a result of support (W23) |
25 |
| Number of enterprises adopting new or improved products or services (W23) |
10 |
| Number of enterprises adopting new to the firm technologies or processes (W23) |
15 |
Projects
The projects for this theme are: