£2.46m to help Isle of Wight firms

By a County Press reporter

Published on Tuesday, January 14, 2014 - 16:22


A £2.46 million pot of government cash has been made available to Island firms through the Isle of Wight Council and Solent Local Enterprise Partnership.

Companies in the marine, maritime and advanced manufacturing sectors including those in composite engineering can apply for the funding designed to help firms expand, start up new activities or diversify.

The money, dubbed the Isle of Wight Expansion Fund, is being administered by the Solent Local Enterprise Partnership (LEP) in collaboration with the Isle of Wight Council.

A launch event is being held at the Quay Arts Centre, Newport on Thursday next week, from 11am to 2pm, when organisations can find out more about the expansion fund, the bidding process and any investment required.

Leader of the Isle of Wight Council Cllr Ian Stephens said: "The council has been working very closely with the Solent LEP in applying for the funding and now in delivering the scheme for local businesses.

"It is very important the council and Solent LEP work together to help support these industries and strive to support new projects and subsequent new employment opportunities and I would encourage local firms to register for the open day later this month."

Anyone wishing to book for the launch event should email their name, job title and organisations to info@solentlep.org.uk by this Friday.

Places are limited to two per organisation and are allocated on a first come first served basis.


Log-in or register to comment on this story. See our House Rules here.

By ticking "Remember me" you agree to a cookie being stored on your computer - no personal data is shared.

Forgotten your password?

Any views or opinions presented in the comments above are solely those of the author and do not represent those of the Isle of Wight County Press.

Most Read

  1. New Cowes Floating Bridge launch delayed again

    Monday, February 27, 2017

  2. Fire at Rookley Co-op

    Sunday, February 26, 2017

  3. Car crash closes Ashey Road

    Monday, February 27, 2017

  4. Woman cut out of car after crash on Brading Down Road

    Monday, February 27, 2017

  5. Animal magic works wonders at Bembridge care home

    Sunday, February 26, 2017

View our Elgin Traffic & Travel Map
Travel News