A substantial funding initiative has injected £152,942 into 29 businesses across Portishead and Portbury, fostering growth and job creation. This vital support, stemming from the redevelopment of the former Severn Paper Mill site, is already enabling local enterprises to upgrade equipment, enhance premises, and invest in new strategies.
Key Takeaways
- 29 businesses in Portishead and Portbury have benefited from a new funding scheme.
- The total fund committed is £152,942, with grants ranging from £500 to £10,000.
- Funding is being used for equipment upgrades, premises improvements, digital marketing, staff training, and job safeguarding.
- The initiative is a collaboration between North Somerset Council, Portishead Town Council, and Together Portishead.
Supporting Local Enterprise
The scheme, a joint effort by North Somerset Council, Portishead Town Council, and Together Portishead, was established to stimulate economic activity following the redevelopment of the former Severn Paper Mill site. The full allocated fund has now been committed to a diverse range of successful applicants, including small businesses, start-ups, sole traders, and social enterprises.
Impact on the Local Economy
Businesses are already leveraging the grants to make tangible improvements. Funds are being directed towards essential upgrades such as new equipment, enhancements to business premises, investment in digital marketing strategies, the development of innovative new ideas, crucial staff training, and the safeguarding of existing jobs. This injection of capital is expected to significantly strengthen the local economic landscape.
Councillor Mark Canniford, North Somerset Council’s Cabinet Member responsible for the economy, expressed his enthusiasm, stating, "29 businesses are turning their ideas into action thanks to this fund. It’s fantastic to see new projects taking shape, creating jobs for local people, and strengthening Portishead and Portbury as vibrant places to live and work.”
Echoing this sentiment, Paul Gardner, Chair of Portishead Town Council, added, “We have been delighted that so many local businesses have been able to access this fund. The grants awarded are already making a positive difference to our High Street and many other areas of local commerce. We wish the applicants every success in developing their businesses and making Portishead and Portbury even better places to live and work.”
Together Portishead highlighted the practical impact of the funding, noting, "Action speaks louder than words. Together Portishead is proud to have helped facilitate this funding for our local business owners. Seeing this money go directly into projects that will improve, expand, and elevate Portishead’s business landscape is exactly why the Chamber exists."
Future Opportunities
All funded projects will undergo monitoring by North Somerset Council, in collaboration with Portishead Town Council and Together Portishead, to ensure the funds are utilized effectively and deliver substantial benefits to the local economy. Should any funding become available due to projects not proceeding, updates will be published on the council’s website. This initiative aligns with the council’s Economic Growth Plan, which champions a strategic approach to sustainable and inclusive regional development.
Sources
- Funding boost helps 29 Portishead and Portbury businesses grow and create jobs, North Somerset Council.
