Small Business Grant Scheme to give more start-ups a helping hand

More grants of between £500 and £1500 are now available to help promote new small business start-ups, self-employment and entrepreneurship in Tamworth.

The scheme, which helps promote new businesses in the area, is now encouraging individuals to apply for this year’s second round of grants of between £500 and £1500, before the application closing date on Friday August 24.

Businesses including a street food and drink monthly event; town centre brewery; a yoga studio; American themed diner and bespoke cakes have all benefited from the grant scheme since it was launched in April last year.

To receive these small business grants, individuals are required to meet some basic criteria. This includes attending the Enterprise for Success programme, which provides 12 hours of one-to-one advice and support delivered from Tamworth Enterprise Centre at Phillip Dix House in Corporation Street.

The Enterprise for Success programme ensures individuals and businesses have the right skills they need to run their business and results in the creation of a business plan.

Cllr Steve Claymore, Cabinet member for Heritage and Growth, said; “This successful scheme continues to support individuals wishing to start up in new businesses or who have been trading for less than three years. 

“Small businesses are the foundation of any thriving economy and using the new Tamworth Enterprise Centre as a ‘hub’ of support and advice can only help grow the local economy.”

Grant applications are recommended to the Cabinet Grants Committee on a quarterly basis for approval. An annual budget of £20,000 has been allocated to the scheme, with around £5,000 being distributed per quarter. This is subject to annual budget reviews and agreements up to March 31st 2020.

To submit an application in this round, individuals would need to attend the two day start-up masterclass on Wednesday June 13 and Thursday June 14, or on Wednesday July 25 and Thursday July 26 at The Tamworth Enterprise Centre. For more information on the masterclass visit:  http://www.tlforbusiness.co.uk/start-support

To register your interest and check if you are eligible for a grant please contact:

Lorraine Farley (Business Liaison Officer) 01827 709525 or email: lorraine-farley@tamworth.gov.uk