News: Kickstart for 200 new businesses
Over 200 new businesses have been established across South Yorkshire over the last 18 months with financial support from Tata Steel subsidiary UK Steel Enterprise.
People starting a wide variety of businesses have secured funding, such artist Stephen Smith; Adrian Thrower who opened up the caravan maintenance market, and Jenny Bazeley who started her own equestrian business in Stocksbridge.
Other recipients have included Vanessa Linley, a student at Sheffield University who is developing a waterproof, breathable bandage for pets and Marie Larkin Smith who, having qualified in foot health, set up as a foot care nurse in Rotherham.
In 2009, Red Monkey Films based at Fusion @ Magna in Rotherham secured a small development loan from the fund to invest in equipment and software.
Keith Williams, regional manager at UK Steel Enterprise said: "We hoped when we started this scheme that it would be successful, but we did not realise how successful! There has been a steady demand from new entrepreneurs across South Yorkshire, especially from Rotherham.
"Our core business is providing development finance for established companies which might need up to £750,000 to help with growth plans, but providing small amounts of cash to help new businesses get off the ground has proved not just a sound investment but has also been very encouraging and rewarding. We hope these new businesses will, in time, grow. Even if they all just employed one person, then that job creation would be significant.
"It is often difficult for small businesses to raise finance, especially over the last couple of years. We recognised this and decided to do something about it to help the local economy. We're very pleased with the results."
Bob Langley, business advisor at Rotherham Investment and Development Office (RiDO) praised the scheme. He said: "The UK Steel Enterprise Kickstart Grant and Loan Fund has, as the name suggests, given a massive kickstart to those budding entrepreneurs wishing to set up their own businesses.
"At the very outset of the business such support has undoubtedly helped many who would otherwise not have started. Total funding delivered of over £100,000 has been able to assist 162 businesses in Rotherham alone with support ranging from vital equipment purchase to marketing materials. Through their generosity UK Steel Enterprise has enabled many business dreams to become reality."
UK Steel Enterprise website
Rotherham Investment and Development Office
Images: UK Steel Enterprise
People starting a wide variety of businesses have secured funding, such artist Stephen Smith; Adrian Thrower who opened up the caravan maintenance market, and Jenny Bazeley who started her own equestrian business in Stocksbridge.
Other recipients have included Vanessa Linley, a student at Sheffield University who is developing a waterproof, breathable bandage for pets and Marie Larkin Smith who, having qualified in foot health, set up as a foot care nurse in Rotherham.
In 2009, Red Monkey Films based at Fusion @ Magna in Rotherham secured a small development loan from the fund to invest in equipment and software.
Keith Williams, regional manager at UK Steel Enterprise said: "We hoped when we started this scheme that it would be successful, but we did not realise how successful! There has been a steady demand from new entrepreneurs across South Yorkshire, especially from Rotherham.
"Our core business is providing development finance for established companies which might need up to £750,000 to help with growth plans, but providing small amounts of cash to help new businesses get off the ground has proved not just a sound investment but has also been very encouraging and rewarding. We hope these new businesses will, in time, grow. Even if they all just employed one person, then that job creation would be significant.
"It is often difficult for small businesses to raise finance, especially over the last couple of years. We recognised this and decided to do something about it to help the local economy. We're very pleased with the results."
Bob Langley, business advisor at Rotherham Investment and Development Office (RiDO) praised the scheme. He said: "The UK Steel Enterprise Kickstart Grant and Loan Fund has, as the name suggests, given a massive kickstart to those budding entrepreneurs wishing to set up their own businesses.
"At the very outset of the business such support has undoubtedly helped many who would otherwise not have started. Total funding delivered of over £100,000 has been able to assist 162 businesses in Rotherham alone with support ranging from vital equipment purchase to marketing materials. Through their generosity UK Steel Enterprise has enabled many business dreams to become reality."
UK Steel Enterprise website
Rotherham Investment and Development Office
Images: UK Steel Enterprise
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