Partly Cloudy

Partly Cloudy

max temp: 22°C

min temp: 22°C

ESTD 1874 Search

East Anglia: NWES urges firms to apply for support and grants under Ready, Set, Go programme

10:41 27 June 2014

Kevin Horne, chief executive of NWES.

Kevin Horne, chief executive of NWES.

Archant

Regional enterprise agency NWES is urging businesses in Suffolk and Essex to take advantage of free impartial support, and funding of up to £25,000, to help them innovate and grow.

shares

The grants and advice are available via NWES under the Ready, Set, Go initiative which was set up last year − with part-funding from the European Regional Development Fund − to support pre-start and established businesses looking to develop or introduce new products, processes and ideas.

The free expert advice is available to businesses employing anything from one up to 250 members of staff while easy-to-access grants are available to help bring plans to fruition by covering a quarter of the investment required, up to a maximum of £25,000.

Kevin Horne, chief executive of NWES, said: “More people than ever are seeking help in getting a business up and running. We want to balance this by backing existing businesses to introduce innovative growth plans.

“This will help them to compete in a potentially more crowded market place and also boost the regional economy with continued enterprise at all levels.”

Mr Horne, who is also the chairman of the Cavendish Consortium, made up of the largest enterprise agencies across England, added: “If you don’t innovate you stagnate and you are likely to be left behind by the competition.

“You’ll no longer have the best product or service and may only be able to compete on price. This is a dangerous position to be in and is often the start of a downward spiral.

“Ideas for growth and innovation don’t have to mean reinventing the wheel. It just needs to be something new and innovative to you. The obvious things are expansion through new products and inventions. But it could also be new processes or software to improve efficiency and production capacity. These can even be taken from other industries and adapted to suit your needs.

“So many barriers to innovation have been removed and East Anglia is no longer geographically isolated. Businesses can take inspiration from local firms like Seajacks, 3Sun and Fraser Offshore Limited who have expanded from start-ups to major players using innovative communication to access expertise and to work with people around the world.

“Finding the time to grow and the fear of failure are the two of the biggest personal barriers among business owners. But using expertise will put your time to maximum effect and it is proven that those who do access support grow quicker and more profitably as a result.

“The Ready, Set, Go programme, part funded by the European Regional Development Fund, is not an unlimited pot. There is currently plenty available for businesses in the region but it is allocated on a first come basis so the sooner businesses take advantage the better.”

To find out more abour the programme, visit www.nwes.org.uk/news/innovate, email info@nwes.org.uk or call 08456 099991.

shares

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other East Anglian Daily Times visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by East Anglian Daily Times staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique East Anglian Daily Times account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Post Office services to return to Yoxford

The Post Office in a Suffolk town is moving to new premises, and will offer longer opening hours.

Dame Fiona Kendrick:, chief executive of Nestlé  UK & Ireland

Food giant Nestlé has announced plans to close its defined benefit pension scheme, sparking the threat of industrial action.

The Treasury has sold another 1% stake in Lloyds Banking Group.

The taxpayers’ stake in Lloyds Banking Group has fallen to below 16% after the Government sold off another tranche of shares.

The installation of solar panels on the roof of Precision Marketing Group's premises in Lamdin Road, Bury St Edmunds

A Suffolk-based firm will be among the organisations taking part in a nation-wide celebration of solar energy tomorrow.

Candy Gaga'’s Wanda Hewell, right, and daughter, Cherish.

Tower Ramparts in Ipswich now has its very own castle – thanks to the success of a local sweet shop business.

Stansted Airport

A report into the future of Britain’s airports does not rule out a second runway at Stansted – and raises fears of extra night flights to the Essex airport.

Growth in manufacturing eased last month  to its slowest level in two years.

Britain’s manufacturing sector grew at its slowest pace in more than two years last month, impacted by subdued demand from Europe.

Speedy Hire
 has warned that its results for this year will come in

Tool rental business Speedy Hire saw nearly a third of its stock market value wiped off after it announced the shock departure of its chief executive and warned over a major blow to full year profits.

Greene King chief executive Rooney Anand.

Pubs and brewing group Greene King today posted another year of record revenues, with sales within its key Retail division topping £1billion for the first time.

Suffolk Coastal considers convenience store bid

Planning chiefs have responded to concerns about noise and antisocial behaviour arising from proposals for a new convenience store in Kesgrave by insisting on closing times being brought forward an hour and the installation of a barrier to restrict overnight parking.

Most read

Most commented

Topic pages