The Gateway for Growth programme has allocated a third round of funding to help businesses in Wiltshire grow and reach their commercial potential.
An expert panel considered the latest applications from small and medium sized enterprises in Wiltshire,where local businesses were awarded grants, taking the total amount of funding allocated to £750,000.
The third round of grants, which uses funding secured by the Swindon and Wiltshire Local Enterprise Partnership, is expected to create up to 63 sustainable jobs, supporting improvement projects worth £1.2 million in Swindon and Wiltshire.
OATS, based in Swindon, supply information and productivity solutions for oil companies around the world including Shell, Exxon Mobil and BP Castrol. A grant of £31k will aid the development of a new front-end tool that gives clients a powerful methodology for significant product placement, analysis and marketing objectives creating seven jobs.
Roger Lewis Furniture of Trowbridge has received a grant of £5k to support the purchase of machinery to improve production speed and capacity. It will also help improve their research and development capabilities and internationalise their website to appeal to new markets and create eight new jobs.
Other companies benefiting from grants include:
- Westbury-based Prezola received £50k to enhance their digital presence
- Apsley Precision Engineering Ltd received a grant for £33k to acquire further machinery to expand their business and create four new jobs
- ISN were awarded £29k to support their plans to create a leading Network Operations Centre
- Loadpoint Ltd received £50k to increase its sub-contract cutting capacity
- Torchlight Solutions secured £45k to improve their service offering
- Guild Anderson will use their grant of £11k to upgrade their design software
- Southern Tank Services Ltd have an ambitious plan to increase sales as a result of their £20k award
Isobel Brown, Director at the Swindon and Wiltshire LEP, said, “We’re delighted to see that funding secured by the Swindon and Wiltshire LEP is continuing to support the growth plans of local businesses. The grants will help these successful businesses to reach their full potential, creating new jobs in our LEP area and benefiting the local economy”.
“The ongoing business support from Wessex Chambers of Commerce, Business West, UKTI, Wiltshire Council, Swindon Borough Council, Swindon Chamber of Commerce and Lancaster University for our growing businesses will really make a difference to their future success.”
The funding was secured from the Government’s Regional Growth Fund through Lancaster University, who are leading the creation of 15 new growth hubs across the UK.
For more information visit www.wiltshirebusinesshub.co.uk