Thanks to the help offered to small and medium sized business the LEP has secured the future of the service for an additional two years with just over £1m funding from central government.
The aim of the grant is to enhance investments businesses are making in plant, machinery, and new equipment by making a contribution of up to 20 per cent, and has received over 100 LEP grant applications from companies seeking financial support.
Roger Marsh, Chair of the LEP said: “With the economy growing and now over 119,000 businesses in the Leeds City Region, it is more important than ever to maintain this momentum and continue to support our ambitious growing SMEs.
Ossett-based Eric Richmond Meat and Pie Company is currently working with the LEP, having successfully applied for a £15,000 grant to upgrade machinery and adapt the factory to increase efficiency.
Owner Tom Martin said: “The past year has been very busy exploring our options to grow the business. The hard work has paid off and we are delighted that by working with the LEP and other partners, we have been able to achieve our business growth plans.”
LEP Growth Service: The Leeds City Region Enterprise Partnership (LEP) can help businesses reach their growth potential. The LEP support includes: