Support for businesses

By a County Press reporter

Thursday, May 8, 2014


BUSINESSES on the Isle of Wight had the chance to find out more about government funding and support this week at the latest meeting of the Island Business Forum.

Around 50 people attended the session, at the Riverside Centre, which was organised by MP Andrew Turner and included presentations from the Solent Local Enterprise Partnership (LEP) and the Solent Growth Hub, which provides business support and mentoring.

Mr Turner said: "The government is investing millions to protect and create jobs in the Solent region and I wanted to make sure that Island businesses know about the opportunities available.

"For instance Bridging the Gap can provide match funding from £5k to start a new business, grow an existing one or protect jobs in any business sector."

He encouraged people to consider whether the funding could help them and to take advantage of the opportunities for support provided by the hub.

Federation of Small Businesses chair Cllr Julie Jones-Evans said: "Because so much of this funding is aimed specifically at small and medium sized enterprises, which 91% of the Island businesses are, this is a golden opportunity.

"I was particularly pleased to see the practical help that was on offer through the advisers to assist with putting in a bid, which can be a daunting task. It is our job now to spread this news far and wide across the Island so we can maximise these opportunities for growth."

Copies of the presentations given at the meeting can be obtained by e-mailing Mr Turner via

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