The urban regeneration agency responsible for the Warrington area has submitted a bid of £3.5 million for Regional Growth funding to assist small firms.
The agency stated that should the bid be successful, the money will provide funding for a three-year programme targeted at smaller businesses in the science and engineering sector. If the agency receives support, the fund will provide up to 20% of the cost of a new capital project or 80% of the cost of training new staff. Any funding provided will be conditional on projects establishing new employment.
A decision on whether funding will be provided will be announced in the autumn.
Peter Crompton, chairman of Warrington & Co, commented “The science and engineering industry sectors are a significant part of Warrington’s business base. Warrington & Co is keen to ensure the companies operating in these sectors are given as much help as possible to innovate, upskill and grow.”
For further information please visit: http://www.warrington.gov.uk/info/200218/regeneration/244/warrington_and_co
Source: www.warrington.gov.uk