£2.46m to help Isle of Wight firms

By a County Press reporter

Tuesday, January 14, 2014

 

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.

Comments

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?
Displaying the last 10 of 19 comments - Show All Comments

Log-in to Report

by Philip Yates

16th January 2014, at 17:31:34

Apparently rumour has it, he is not a genuine person... just a spoof, just there to wind us all up. Its about time they got rid of him, opinionated and with nothing good to say about anything to do with the island, whoever he or she is.

Log-in to Report

by steve paul taylor

15th January 2014, at 18:32:09

I think this Island is seen as the maritime hub of the south and it will always come first above all other businesses when it comes to investment handouts. Perhaps thats why there will never be a fixed link that would surely **** it all up for them.

Log-in to Report

by Mike Crowe

15th January 2014, at 18:17:21

""" I don't think you should qualify for a hand out. """

but if they are employing for Islanders, that is wrong is it? What if they sold out their business, said 'That's fine. S o d the lot of you' and cleared off?

Log-in to Report

by Mike Crowe

15th January 2014, at 18:14:39

“””Or is the island just to be seen as a retirement home ? No industry, no tourism etc.”””

No no NO! The Island must be made/structured/developed, call it what you will, for the entire populous, young, not so young, the family and the retired. It must cater for the present and the future. It must continue, and improve, to cater for the tourist, the engineering and industry and the retired because all fractions of the Island population rely on each other, like it or not, and until such times that the powers to be who feel that they have all the answers realise this is the case, then the Island will go down hill faster than a roller coaster

Log-in to Report

by steve paul taylor

15th January 2014, at 18:02:26

I'm not knocking them I just think there are other more needy businesses. If you can afford a fleet of luxury cars and holiday homes abroad I don't think you should qualify for a hand out.

Log-in to Report

by Philip Yates

15th January 2014, at 17:30:29

Its not for the grottie yachties with second homes, as was so nicely put by those who know all there is to know. There are some very hard working companies, who without an award, which probably has to be funding matched, would not be able to progress to the next level with their businesses, just think they are mainly employing people who live on the island as well. Or is the island just to be seen as a retirement home ? No industry, no tourism etc.

Log-in to Report

by Mike Crowe

15th January 2014, at 16:33:02

Steve, how 'well' do you know them? What risks have they taken? How much of their own time and money have they put on the line to get where they are now?

Log-in to Report

by steve paul taylor

15th January 2014, at 16:05:18

Yes and I know the owners of two of the said and they are swimming in money !!! New Range Rovers mmmmmm and some.

Log-in to Report

by Kate Chapman

15th January 2014, at 16:00:48

Yep Mike, there's also Faversham Shipping, Solent/Wightline Cruises, Blade Runner, Cheetah Marine, South Boats, Red Ensign and many more!

Log-in to Report

by Mike Crowe

15th January 2014, at 15:17:47

Kate, this one for example, all run from the Isle of Wight.

Lee just look at this site, look at the employment it brings in, no not all Islanders, but the base is here.

http://www.carisbrookeshipping.net/index.aspx

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.

Facebook Icon Twitter Icon Delicious Icon

More News

View our Elgin Traffic & Travel Map