Objective One brings extra value for Cornish businesses
Small businesses in Cornwall are to get a higher level of support, thanks to a new Objective One project.
The Adding Value project will put an extra £2.3 million into assistance for small businesses provided over the next two years in addition to that provided through the existing Small Business Service (SBS).
Welcoming the announcement Carleen Kelemen, Deputy Director Objective One Programme said: “This project marks another vital step in ensuring Objective One funds find their way direct to businesses in Cornwall and the Isles of Scilly.”
The project is part of the new Business Link service in Devon and Cornwall. The service has a considerable track record in supporting businesses by providing information, advice and guidance and ambitious plans for the future. Now that is to be enhanced through the Adding Value project.
David Irwin, Head of the Small Business Service, commented, "Small businesses are found in every part of Cornwall - from the seaside town to the most isolated farmhouse. These firms, and those like them throughout Britain make up 55% of GDP and provide 50% of all jobs. I want to encourage more enterprising people to make their dreams a reality, and help those already in business survive, and ultimately improve and expand. That is why I am pleased to hear about the extra £2.3m Objective One Funding for Cornwall."
The project will include a wide range of business support activity, including:
Tailored help for people starting their own businesses or running new businesses.
The provision of high quality information and advice to people running businesses.
Specialist advice and support for people looking at growing or expanding their business.
Fred Elliott, Head of Operations for Business Link said: "The project will provide additional, complementary services for the local business community. This added value will lead to more new businesses being started and more small firms getting the information and guidance that they need to thrive.
"This will all help both safeguard existing jobs and create new ones, as well as minimising the risk of business failure and growing successful businesses."
"We will help over 800 small businesses through this project, leading - directly and indirectly - to the creation of nearly 650 new jobs and nearly £20 million in additional business."
Mr Elliott said that a fundamental role of Business Link is to encourage more coordinated support for small businesses. “We are helping to bring the business support network together and are working closely with most of the local public and private sector support organisations to ensure that we link businesses to the best source of help.”
Funding for the Objective One project will include a grant of nearly £1.6 million from the European Regional Development Fund. PROSPER will also be providing £800,000 in funding.
For more information please call 0845 600 9966.
Photography is available of Carleen Kelemen, Deputy Director Objective One Programme with David Irwin, Head of the Small Business Service, when he visited the region and officially announced this project. Call Prosper press office 01752 785785.
Objective One Partnership Office
Truro TR1 2UD