Carmarthenshire businesses celebrate windfall
Businesses in Carmarthenshire are celebrating a £476,637 cash windfall to help them develop and grow.
More than 130 firms across the county have received grants from the South West Wales Local Investment Fund in the past year.
The support has helped to pull a further £639,956 in private sector investment into the region.
Business leaders say they are delighted to be supporting local companies and helping to regenerate the economy.
Under the scheme grants of up to £5,000 are being offered to small and medium sized companies.
Equipment, premises improvement, one-off marketing costs, website development and specialist software all eligible.
Over a six year period, 1,000 jobs are expected to be created, 1,400 companies supported and 400 new enterprises set up.
The LIF grant scheme is being led by Carmarthenshire County Council in partnership with neighbouring authorities in Swansea, Pembrokeshire, Ceredigion and Neath Port Talbot Wales, and the West Wales Chamber of Commerce.
Carmarthenshire’s Head of Economic Development Wendy Walters said: “The aim of the scheme is to increase the number of new businesses in the region, and offer better support to existing firms.
“It is supporting the regeneration of the area, with a strong focus on growth and jobs.
“It is very encouraging that so many firms have been helped during the first year.”
The grant programme is part of a major support package for businesses being driven by the County Council.
Officers provide information on access to funding, including business grants, loans and other assistance.
Carmarthenshire’s Regeneration Executive Board Member cllr Clive Scourfield said: “These grants are bringing many economic benefits to the region.
“The project is providing support to businesses to help them develop and meet market opportunities, as well as improving competitiveness and bringing increased prosperity to the area.
“I am delighted that so many grants have been awarded during the first year of the scheme.
“It marks a major step forward in the ongoing regeneration of the county and supports the innovative work that the council is driving to support small businesses.”
For further information or an expression of interest contact 01267 243291 or e-mail LIF@carmarthenshire.gov.uk
More than 130 firms across the county have received grants from the South West Wales Local Investment Fund in the past year.
The support has helped to pull a further £639,956 in private sector investment into the region.
Business leaders say they are delighted to be supporting local companies and helping to regenerate the economy.
Under the scheme grants of up to £5,000 are being offered to small and medium sized companies.
Equipment, premises improvement, one-off marketing costs, website development and specialist software all eligible.
Over a six year period, 1,000 jobs are expected to be created, 1,400 companies supported and 400 new enterprises set up.
The LIF grant scheme is being led by Carmarthenshire County Council in partnership with neighbouring authorities in Swansea, Pembrokeshire, Ceredigion and Neath Port Talbot Wales, and the West Wales Chamber of Commerce.
Carmarthenshire’s Head of Economic Development Wendy Walters said: “The aim of the scheme is to increase the number of new businesses in the region, and offer better support to existing firms.
“It is supporting the regeneration of the area, with a strong focus on growth and jobs.
“It is very encouraging that so many firms have been helped during the first year.”
The grant programme is part of a major support package for businesses being driven by the County Council.
Officers provide information on access to funding, including business grants, loans and other assistance.
Carmarthenshire’s Regeneration Executive Board Member cllr Clive Scourfield said: “These grants are bringing many economic benefits to the region.
“The project is providing support to businesses to help them develop and meet market opportunities, as well as improving competitiveness and bringing increased prosperity to the area.
“I am delighted that so many grants have been awarded during the first year of the scheme.
“It marks a major step forward in the ongoing regeneration of the county and supports the innovative work that the council is driving to support small businesses.”
For further information or an expression of interest contact 01267 243291 or e-mail LIF@carmarthenshire.gov.uk
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