Fund aims to light the fuse for growth

Jenny Hill from Blackpool Council and Rona McFall from Regenerate Pennine Lancashire at the lauch of the Fuse Fund.

Jenny Hill from Blackpool Council and Rona McFall from Regenerate Pennine Lancashire at the lauch of the Fuse Fund.

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Blackpool businesses set to create jobs can ignite growth ambitions with help from a new fund.

Fuse Fund, a two year, £4m Regional Growth Fund programme, has been launched in Lancashire with the aim of helping young businesses realise their ambitious growth plans with its grant and business support scheme.

Regeneration teams and business support agencies from across the county, including Jenny Hill from Blackpool Council, attended the launch, along with representatives from the professional services sector.

Grants of between £5,000 and £50,000 are on offer to contribute a quarter of the overall cost for capital investment projects such as machinery, property improvement, building expansion and infrastructure improvement – if the firm is under three years old and can commit to creating jobs as a result.

Coun Fred Jackson from Blackpool Council said:“We’re always keen to support growth-oriented businesses in Blackpool and this fund will prove attractive to new companies that have clear capital investment plans that are able to unlock further jobs. 

“One of the key challenges is making sure local businesses are aware of this and other business support opportunities.” He said any Blackpool firm wanting to speak to the council about expanding or starting a new business can call the economic development team on (01253) 477333.

Fylde and Wyre firms can visit www.fusefund.co.uk to find out if they qualify.

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