From jamie goodwin | Tuesday 14 July 2020
Businesses which worked with the hub able to secure £7.1M of private sector investment.
Almost 3,000 businesses in the Humber region have been supported by the Humber LEP’s Business Growth Hub in the past year.
Overall, 2,972 businesses received support from the hub from April last year to March this year, which was an increase of 149 businesses from the year before.
And businesses that worked with the growth hub in 2019-20 were able to go on to secure £7.1M of private sector investment to enable their growth plans.
Throughout the coronavirus pandemic, the hub’s advisors in Hull and the Humber have been working with hundreds of businesses to offer support and advice as well as signposting to financial support and helping business-owners navigate Government-backed support measures and funding in the form of loans and grants.
A survey of those receiving medium or high-intensity support has shown that the vast majority of businesses who contacted the hub for support were happy with the help they received.
A total of 91 percent of respondents were ‘satisfied’ or ‘very satisfied’ with the quality of service offered.
Jon Brunton, growth hub manager at the Humber LEP, said: “Looking back over the last 12 months, it’s great to see more businesses than ever before engaging with the Growth Hub and seeing so many taking advantage of all the support that we have on offer, which is of course fully-funded and therefore completely free to access.
“Wherever you are based in the region and whatever industry your SME operates in, there is advice and support ready and waiting to suit your specific needs via our team of dedicated advisors. We also have a wide ranging webinar programme, grant funding, an exclusive ScaleUp Programme, support services to access new supply chains, and much more besides. Please get in touch with us and find out more about how we can help your business at absolutely no cost.”
Grants of between £1,000 and £5,000 are available from the Growth Hub to cover 40 per cent of the cost of working with consultants to create plans for safe working practices in reopened workplaces, strategies to enable business recovery, and measures to ensure business resilience for the longer term.
Find more details on the grant schemes and how to apply here.