New grant scheme to support Market Drayton businesses
A dedicated competitive grant scheme of up to £450,000 has been launched to support the growth of new and existing businesses in Market Drayton and also those wishing to locate into the area.
The Market Drayton Business Grant Scheme, championed by Roger Hughes, a local Shropshire Councillor for Market Drayton West, is funded by Shropshire Council and will be delivered by the one-stop shop for business support in the region, the Marches Growth Hub.
Discretionary, match funded grants are available to eligible businesses for capital projects which will focus on creating new jobs, increasing turnover, and bringing inward investment to the town.
The new initiative is open to start-up businesses and existing small and medium enterprises.
Roger Hughes said:-
“The Market Drayton Business Grant Scheme will support the growth and expansion plans of existing businesses, whilst also assisting start-up businesses through capital investment.
“The grant can also be used as an incentive for small and medium-sized enterprises (SMEs) moving into the area whilst supporting our economic growth priorities to drive investment and job creation in Market Drayton complementing existing grant schemes that are currently available through EU funding.
“The flexibility of this scheme means we can address some of the existing gaps in funding for certain sectors which fall outside of the eligibility criteria for funding from the European Regional Development Fund. There could be the potential to fund items such as investments in IT and vehicles, which might not meet the remit for EU funding.”
Businesses can confirm if they meet the criteria through a simple eligibility check via The Marches Growth Hub on 0345 6000 727.
The Market Drayton Business Grant Scheme complements The Marches Growth Hub’s newly launched ‘Get Growing’ campaign, which focuses on supporting smaller businesses to access the support and the finance they need to expand.
For more information on the Market Drayton Business Grant Scheme, or to check eligibility and apply for grant, go to www.marchesgrowthhub.co.uk or contact 0345 6000 727.