By Paula Ugochukwu
Over £4 million from the EU and the Sheffield City Region has been given towards the Launchpad programme to help create hundreds of business in the next 3 years.
The programme was launched last month by the Sheffield City Region (SCR) Local Enterprise Partnership through the Sheffield City Region Growth Hub.
The partnership is being led by Barnsley Metropolitan Borough Council and includes the surrounding local authorities – Sheffield City Council, Rotherham Metropolitan Borough Council, Doncaster Metropolitan Borough Council, Barnsley Metropolitan Borough Council, Bassetlaw District Council and Derbyshire Dales District Council – as well as The Prince’s Trust.
The European Regional Development Fund (ERDF), which is pooled together by the European Union, provided £2,359,613 in match funding to the programme which will provide entrepreneurs and business start-ups with specialist help, 1-on-1 mentoring and support.
Creative Sheffield, which is part of Business Sheffield, are the business support provisions of the services to start-ups and newly running businesses in Sheffield.
Business Development Manager Yvonne Asquith, said: “In Sheffield, we will be putting on start-up workshops to help entrepreneurs with skills such as market research and applying to HMRC.
“All the help will be free to people in Sheffield and our team will help diagnose what stage their business or business idea is at.”
This programme is one of many projects funded by the EU’s European Structural and Investment Funds in Sheffield, such as the Peace Gardens and the Advanced Manufacturing Retail Park.
Programme manager Anna Smith, said: “Launchpad has been set up to ensure that wherever entrepreneurs are based in our region, everyone has equal access to the best quality business development support.”
This kind of scheme is vital to the economy of towns and cities like Sheffield, where 85% of businesses have ten or less employees.