Dorset Growth Hub issues Brexit reassurance

HERE TO HELP. Members of the Dorset Growth Hub team including Nick Gregory, Senior Investment Manager (seated, far right).
Bookmark and Share

Businesses across Dorset can still apply for European Union-funded grants up to the end of 2019 regardless of what happens with Brexit.

The countywide support agency Dorset Growth Hub says EU funding programmes are guaranteed until December as long as application lead-in times are met.

The reassurance comes amid busier-than-usual activity for the Hub in delivering face-to-face support and agreeing grants. 

Managers believe one factor in this rising demand could be fears and uncertainty over Brexit.

Data comparing the first and second halves of 2018 shows the number of individuals receiving 12 or more hours of Dorset Growth Hub support grew from 104 to 182, a 75% rise.

The number of businesses receiving the same level of support rose 80% from 182 to 328.

And comparing the same periods, the number of grants agreed rose from 39 to 98, a 150% increase.

A particular growth area is businesses seeking Digital Capability Grants sourced through the European Regional Development Fund.

More than 50 such grants have been approved in the past year with more than 100 businesses receiving 12 or more hours of support on their website transformation plans and other digital initiatives.

Dorset Growth Hub Senior Investment Manager Nick Gregory said: “Funding from Europe is guaranteed until December 2019 whatever happens with Brexit and we will continue to provide tangible support through grants and one-to-one support.

“We are seeing a dramatic rise in the numbers of individuals and businesses coming to us for face-to-face support and to explore what funding streams may be available to help with investment decisions.

“We believe Brexit uncertainty must be playing a part in this but our key message is that we are here to help, whether you are a start-up or an established business, and whether you want to discuss short-term cashflow support or longer-term investment and expansion plans.

“As the current rise in the number of agreed grants shows, our support packages can point the way to loans and grants as well as offering the opportunity to receive mentoring, training and workshops on all aspects of running a business.”

For more information on Dorset Growth Hub call 03454 586 480 or join the discussion on Twitter following @dorsetgrowthhub #TalkToTony.

Site design Whitesands Media. Site management Quaystone Software.