£750,000 Allocated to Help Local Businesses Grow
We're delighted to see that funding secured by the Swindon and Wiltshire LEP is continuing to support the growth plans of local businesses. The grants will help these successful businesses to reach their full potential, creating new jobs in our LEP area and benefiting the local economyIsobel Brown Director at the Swindon and Wiltshire LEP
The Gateway for Growth programme has now awarded £750,000 to businesses in Swindon and Wiltshire, to help them grow and reach their commercial potential.
An expert panel considered the latest applications from small and medium sized enterprises in Swindon and Wiltshire, in what was the third round of Gateway for Growth grants where local businesses were awarded grants, taking the total amount of funding allocated to £750k.
The third round of grants, which uses funding secured by the Swindon and Wiltshire Local Enterprise Partnership, is expected to create up to 63 sustainable jobs, supporting improvement projects worth £1.2 million in Swindon and Wiltshire.
OATS, based in Swindon, supply information and productivity solutions for oil companies around the world including Shell, Exxon Mobil and BP Castrol. A grant of £31k will aid the development of a new front-end tool that gives clients a powerful methodology for significant product placement, analysis and marketing objectives creating seven jobs.
Roger Lewis Furniture of Trowbridge has received a grant of £5k to support the purchase of machinery to improve production speed and capacity. It will also help improve their R&D capabilities, internationalise their website to appeal to new markets and create eight new jobs.
Apsley Precision Engineering Ltd is a sub-contract precision engineering company, specialising in machined components and assemblies for the defence, oil, gas and scientific industries. Their grant of £33k will be used to acquire further machinery to expand the business and create four new jobs.
Services Ltd have an ambitious plan to increase sales as a result of their £20k award
Westbury-based Prezola, a wedding gift list service, were awarded a £50k grant. This will go towards a £165k project to enhance their digital presence, acquire specialist advice in finance and marketing, upgrade their logistics capability and develop a new marketing strategy, creating 16 new jobs.
ISN, an IT consultancy and managed services provider, won £29k to support their plans to create a leading Network Operations Centre. It will improve the level of service on offer to their clients, which is expected to create nine new jobs.
Cricklade-based company, Loadpoint Ltd, manufacture dicing saws and dicing saw consumables. Having been awarded a grant of £50k, Loadpoint will increase its sub-contract cutting capacity, reduce the build time of their machines and create four new jobs.
Torchlight Solutions, based on Windmill Business Park in Swindon, provide training and mentoring to Government and commercial clients in the areas of national security, criminal justice and defence. A grant of £45k will be used to improve their service offering and create four new jobs. Guild Anderson, designers of high quality, bespoke kitchens and furniture, were awarded a grant of £11k. Based in Salisbury, Guild Anderson will use the grant to upgrade their design software and create three new jobs.
Southern Tank Services Ltd received a grant of £20k, which will help them rebuild a section of premises to provide larger office accommodation, including a trade counter. Based in Salisbury, they specialise in storage tanks for oil, heating fuel, diesel, petrol water and chemicals, providing environment storage solutions to the domestic and commercial markets.
Isobel Brown, Director at the Swindon and Wiltshire LEP, said, "We're delighted to see that funding secured by the Swindon and Wiltshire LEP is continuing to support the growth plans of local businesses. The grants will help these successful businesses to reach their full potential, creating new jobs in our LEP area and benefiting the local economy".
"The ongoing business support from Inspire By Wessex Chambers, Business West, UKTI, Wiltshire Council, Swindon Borough Council, Swindon Chamber of Commerce and Lancaster University for our growing businesses will really make a difference to their future success."
The funding was secured from the Government's Regional Growth Fund through Lancaster University, who are leading the creation of 15 new growth hubs across the UK.