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New hub for local firms is open for Renfrewshire business

Renfrewshire Business hub opening

New hub for local firms is open for Renfrewshire business

A one-stop shop where local firms can find out how to get financial help has been officially opened for business.

The Invest in Renfrewshire Business Hub in Lawn Street, Paisley was given the seal the seal of approval by invited guests from the local business community at a recent event.

Invest in Renfrewshire is Renfrewshire Council’s flagship £8m programme to boost the local economy and tackle youth unemployment.

Renfrewshire Business hub opening

The new facility is open for any local company – whether big or small – to pop in and find out more about the range of support on offer through Invest in Renfrewshire.

It also boasts meeting rooms and will be a venue for networking and business information events, with a series of ‘meet the expert’ clinics in the pipeline.

To mark the official opening, Renfrewshire Council Leader Mark Macmillan welcomed representatives of local firms, training providers and partner organisations to a business breakfast at the hub.

He said: “The council sees the local economy as a top priority, which is why we have made a sizeable financial commitment to the Invest in Renfrewshire programme.

“It is essential that small businesses are given the chance to thrive, and the council has a key role to play in creating conditions in which that can happen.

“The new business hub is intended to be exactly that – a central place where local firms can visit, attend events, access funding, and network with other professionals.

“Our team of business development advisors are on hand to offer help and advice, as will staff from Business Gateway, who will be based there one day a week.

“We would also encourage any small businesses who need somewhere to go to meet clients can use the facility by booking one of our meeting rooms.”

Renfrewshire Business hub opening

Support on offer to local businesses through Invest in Renfrewshire includes the following;

– business growth grants of up to £10,000 to help firms develop new products or pay for property improvements and IT equipment

– financial help of up to £5,000 for any company taking on an unemployed person or a graduate intern

– loans to help businesses grow or meet the cost of specific projects

– retail improvement grants and help with staff training.

Find more opportunities and information by going to www.investinrenfrewshire.com

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Funding for new start businesses in Renfrewshire, East Renfrewshire & Inverclyde

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Funding for new start businesses in Renfrewshire, East Renfrewshire & Inverclyde

For individuals thinking about starting their own business, knowing the right people to ask for advice and information is vital to the success.

For many prospective business owners accessing funding sources is also important in the start-up process. Through Business Gateway, businesses in Renfrewshire, East Renfrewshire and Inverclyde can potentially access some early stage funding provided by the local authorities.

(This news update is from the Business Gateway Ezine, you can find out more by clicking the following link.
http://news.bgateway.com/2013/05/funding-for-new-start-businesses-in-renfrewshire-east-renfrewshire-inverclyde/ )

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Renfrewshire – The Renfrewshire Microloan

The Renfrewshire Microloan fund, delivered by Invest In Renfrewshire, aims to support the creation of new enterprises and support the growth of existing micro and small businesses that have potential to create jobs and generate additional economic value.

Unsecured loans of between £1,000 and £5,000 are available with repayment terms of up to 2 years to both new and existing businesses which are unable to secure funding elsewhere but have a viable business capable of repaying a loan.

Loans can be used for the following:

  • Start-up costs including the purchase of existing businesses
  • Provision of working capital
  • Purchase of assets
  • Purchase of commercial property, property extensions or alterationsbusiness-gateway

Inverclyde – Launch Pad Grant

In Inverclyde, the local authority Launchpad Grant (LPG) offers up to £1000 grant support for capital expenditure on business development activities. The LPG provides ‘gap’ funding which is the minimum finance needed to allow a project to proceed after a business – which has been trading for at least six months – establishes how much it can raise itself and from banks and other lenders.

East Renfrewshire – The East Renfrewshire Microloan

Micro and Social Enterprise loans will be available from June 2013 for smaller scale start up projects and social enterprise projects. Loans of between £1,000 and £3,000, repayable over three years, can be accessed through the East Renfrewshire Credit Union.

For each of the local authority funds application and eligibility criteria apply. To find out further information and eligibility criteria, please contact us on 0141 585 6353. We will also post updates on our information and advice for local businesses on Facebook and Twitter.

Find out more by visiting the Business Gateway website here.