£1 million invested in business through Thrive Telford grants
A programme aimed at supporting businesses in Telford has provided more than £1m in support.
Funded through the UK Shared Prosperity Fund (UKSPF), the Thrive Telford programme has allocated over £1 million in grants to local businesses, supporting over 200 projects.
Delivered by Invest Telford, the council’s business support and inward investment team, the Thrive Telford programme funds initiatives across innovation, exports, business advisory services, the Marches Energy Grant (MEG), and upskilling opportunities.
The financial support remains vital to the growth of SMEs and start-ups in the borough.
Key achievements include 174 grants issued across small, large and business development grant programmes and 22 businesses benefiting from energy assessments, making them eligible for renewable energy project grants.
In total, 170 residents received support on starting a business, resulting in over 40 new start-ups through the programme.
The Council received funding via the UK Shared Prosperity Fund.
Councillor Ollie Vickers, Telford & Wrekin Council, Cabinet Member for Economy, said: “We are pleased with the Thrive Telford programme’s achievements to date.
"We remain committed to supporting local businesses and ensuring that every pound of funding is used effectively to boost growth and innovation in our borough.”
Amanda Murray, Producer at Ghost Dog Films, a beneficiary of the export grant made available via the Thrive Telford programme, said: “We were delighted to have received support from Invest Telford in the form of an Export Grant which enabled us to create localised subtitles for our feature film and video game.
Through localisation, we have been able to attract new players for our game and viewers for our film in those geo-targeted locations, which has resulted in increased sales.
"Making our creativity more accessible enables us to not only grow our audience but compete on a global scale," Amanda said. "The whole process for the application was simple and straightforward and we were well supported by the Invest Telford team.”
For more details of the programme, visit www.investtelford.co.uk/thrive-telford
