£35Million Investment For Business Support Agreed

£35Million Investment For Business Support Agreed

The programme will provide local companies with a single point of contact for a range of support to help businesses start up and grow, including comprehensive advice on funding and finance options and assistance in establishing links with potential funding sources.

It will also include a £20million Tees Valley Business Fund, the largest investment fund of its kind in the region, awarding grants and loans to firms looking to invest, expand and create jobs.

The scheme, which will be launched in January next year, will build on the current Tees Valley Business Compass service, which has offered guidance and funding to around 1,400 local businesses since 2017.

The new fund will be easy to access and user-friendly....

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