European Union - European Regional Development Fund

Redcar Business Growth Event branded a success

More than 50 businesses have received support at a Business Growth Surgery jointly organised by Redcar & Cleveland Borough Council and Tees Valley Business Compass.

Gemma and Cllr Norton Redcar Council
Monday 24th July, 2017

Companies attending the free surgery received support from the organisers alongside twelve partner organisations: BE Group, Business Enterprise Fund (BEF), Department of International Trade (DIT), Enterprise Made Simple, LMR Recruitment and Training, LEADER, Materials Processing Institute (MPI), North East Process Industry Cluster (NEPIC), Redcar & Cleveland College, TEDCO, Teesside University and UK Steel Enterprise.

Companies received guidance on areas including funding opportunities, finance, technology, coaching and mentoring, apprenticeships and skills training, winning business in the public sector, supply chain development, and exporting.

Tees Valley Business Compass is the local growth hub and is supporting thousands of businesses, using an investment of more than £9.5 million from the European Regional Development Fund (ERDF) secured by Tees Valley Combined Authority. The Business Growth Surgery was one of Tees Valley Business Compass’ ongoing programme of events, which includes the Tees Valley Business Summit.

Shak Asghar, Growth Service Manager of Tees Valley Business Compass said: “We are delighted to have seen so many businesses from the Redcar and Cleveland area take advantage of the Business Growth Surgery. When someone is running their own business it can seem like a distraction to take time out and get expert advice on growth and related issues, but it can be an extremely worthwhile thing to do.

“I would like to thank all of the partner organisations who contributed to the event’s success. The time they contributed meant that we could offer an unrivalled depth and breadth of expertise to the companies that came along.”

Cllr Bob Norton, Portfolio Holder for Economic Growth at Redcar & Cleveland Borough Council, who attended the event, said: “We are keen to encourage and support our business base to grow. Creating new jobs and greater prosperity for Redcar and Cleveland, is an important part of our economic plan. It was fantastic to see so many companies with scale-up ambitions coming forward, and so many local organisations willing and able to help them out.”

Tees Valley Business Compass is the local growth hub delivered by BE Group on behalf of Tees Valley Combined Authority. It helps ambitious businesses realise their growth potential by offering access to a range of practical services, from local business information, assessing growth options through to unlocking finance and funding streams. The growth hub is part-funded by the European Regional Development Fund and the department for Business, Energy & Industrial Strategy.

The Tees Valley Business Growth Hub has received £9,520,000 of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. The Department for Communities and Local Government is the Managing Authority for European regional Development Fund. Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations. For more information visit https://www,

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