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You are here: Home / Archives for investment

investment

Economic Development Strategy launched in Telford

November 14, 2016 by Julie McGrath

“We want to make Telford the natural home for investors, innovators and entrepreneurs.”

The words appear in a new economic development strategy launched by Business winning, business supporting Telford & Wrekin Council, with the Telford Business Board.

Called “Enterprise Telford”, it sets out how the Council will encourage enterprise and innovation leading to business and economic growth. It states: “It is only through economic growth that we can create secure employment and lifestyle outcomes that will strengthen families and raise levels of economic independence for the benefit all of our borough’s households and communities.”

Representatives from 140 businesses, intermediaries and education providers were at the recent event held at Telford Innovation Campus in Priorslee to hear about the practical support on offer to bosses on a range of issues; from addressing skills shortages, to obtaining grants to help future growth.

Citing recent successes in attracting major business to Telford, such as the investment by Magna to locate at T54 where it will manufacture parts for Jaguar Land Rover, Telford & Wrekin Council Leader Shaun Davies said: “Our Enterprise Telford ‘Pledge’ builds on the significant experience we have of creating tailor made packages of support for business that goes above and beyond what is offered by national Enterprise Zones –  with the advantage of greater flexibility and availability to businesses wherever they choose to invest in the Borough.”

Addressing the need to match the skills of the workforce to the jobs available, Councillor Gilly Reynolds, Telford & Wrekin Council’s Cabinet Member for Education, Employment & Regeneration said: “The investment that the Council has made in supporting the development of the skills of our local residents directly impacts on the growth and prosperity of our local businesses, enabling business to grow resulting in more job opportunities and career progression for local people.

“This investment needs to start early to ensure that our young people are leaving education equipped with all the skills they need and that businesses are asking for.”

Paul Hinkins, Chairman of the Telford Business Board said: “The Telford Business Board strongly believe in a collaborative approach and if we continue to work together to make the most of this borough’s strengths in terms of its business, people and its significant physical and environmental assets, from its transport connectivity to the Ironbridge Gorge, Telford can grow and prosper and we can ensure that all communities across our Borough contribute to and benefit from that growth.”

The launch was welcomed by Karen Turner, Training Director of Imagine Training based in the Innovation Centre at the University of Wolverhampton’s campus at Priorslee.

She said: “It’s been inspirational, really interesting with lots of good factual information about grants and opportunities and, as a training provider in this area, I am really keen to know what’s up and coming.

“Anything that salutes our town and brings it to the forefront is wonderful.”

– telford.gov

Filed Under: Business Updates Tagged With: business, Careers, enterprise, entrepreneurs, hub, investment, jobs, local, marches, shropshire, telford, wrekin

Telford Superfast Extension

July 22, 2016 by Julie McGrath

Telford & Wrekin Council’s cabinet is set to approve a scheme which will open up Superfast broadband to around 120 extra businesses in the borough.

If an application for European funding is successful, the Marches Broadband Grant project will provide eligible businesses across Telford & Wrekin with a fully funded grant to access fibre broadband.

In Telford and Wrekin, 98 per cent of the borough will be covered by the end of 2017 as a result of the Council’s Superfast Telford partnership with BT and Broadband Delivery UK (BDUK).

The council is committed to seeking a solution for the other 2% of the borough, of which this scheme is potentially one, to get coverage as close to 100 per cent as possible.

The Telford & Wrekin element of the £4m project is seeking £237,818 funding from the European Regional Development Fund , which requires match funding of £158,545.

It is assumed that the level of grant payment to businesses will on average be between £7,000 and £25,000 per business although many grants in Telford and Wrekin are likely to be towards the lower end of the spectrum, as it has more accessible, semi-rural areas.

It will only be open to businesses that have not been broadband enabled by either the current Superfast Telford programme or by other commercial broadband investment.

A total of 124 eligible businesses have initially been identified in Telford and Wrekin and an expected output of around 22 per cent or 27 businesses, including a significant number of micro enterprises will potentially benefit.

Councillor Angela McClements, Telford & Wrekin Council’s cabinet member for Customer and Neighbourhood Services, said: “We have made a commitment to extend fibre broadband coverage across the borough as far as possible.

“The priority is the delivery of Superfast Telford which is still in the early stages of delivery.

“However the Marches Broadband Grant scheme opens up the availability of fibre broadband to businesses that might not be covered by Superfast Telford, although some eligible businesses may receive superfast connectivity via the main programme.

“This demonstrates our commitment to ensure that as close to as 100 per cent of the borough as possible has access to superfast connectivity and all the benefits it brings.”

Telford & Wrekin Council’s cabinet – which meets on 21 July – is being asked to approve proposals for the match funding mechanism.

They are also being asked to enter into a partnership agreement with project partners Shropshire and Herefordshire Councils to deliver the grant project.

– telford.gov.uk

Interested in the development of Superfast Broadband and Business? Why not check out our latest job roles in these sectors by clicking here!

Filed Under: Business Updates, Career Advice, Latest Industry News Tagged With: broadband, business, development, internet, investment, superfast, technology, telford

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