Over 4,200 businesses benefit from LEP support

Over 4,200 businesses benefit from LEP support

The Leeds City Region Enterprise Partnership’s (LEP) Growth Service has supported over 4,200 businesses in the region since it launched in 2015.

This includes investment totalling £20.8 million in grant funding for businesses that require new premises, machinery and equipment, in order to promote jobs and apprenticeships.

The LEP Growth Service, working in partnership with the West Yorkshire Combined Authority, has received funding through Leeds City Region Growth Deal – a £1 billion package of Government investment to accelerate growth and create jobs.

Not only does the LEP provide funding for start-ups and early-stage companies through AD:VENTURE, it also supports the development of innovative new products and processes and supports companies that want to improve their digital capabilities and explore opportunities to trade overseas.

Over 150 businesses have already accessed support from the LEP’s Resource Efficiency Fund – launched a year ago – with 72 grants awarded totalling £530,000.

Roger Marsh, OBE, chair of Leeds City Region Enterprise Partnership said: “A strong, successful City Region economy is underpinned by the thousands of businesses that start up, grow and thrive here.

“We have some fantastic businesses in our region, but it can be hard sometimes for them to find the right support to take that next step on their business journey.

“Our Growth Service makes finding the right support much easier, and I’m delighted that we’ve supported well over 4,000 businesses in the past two and half years.

“Creating an environment that supports and encourages business growth is key to achieving the region’s Strategic Economic Plan and our Growth Service is doing just that.

“I encourage all businesses to pick up the phone and find out about the support available for growing businesses at every stage of their development.”

David Masters, group managing director of Wakefield-based OE Electrics - a manufacturer and distributor of electrical equipment which sought LEP support, said: “We have benefited hugely from the one-to-one support from the LEP Growth Manager, who we have been working with for over a year now.

“They really listened to our business needs and helped us to understand and access the finance and support available to us.”

Cllr Tim Swift, West Yorkshire Combined Authority lead for Business, Innovation and Growth, added: “I am delighted that businesses across Leeds City Region are benefiting from the wide range of support available through the Growth Service.

“Capital grant investment has led to the creation of over 1700 local jobs so far, which is very welcome news for the local economy and most importantly for the people who live, work and run businesses here.”