Friday, November 29, 2024

Cash boosts for Shipley and Keighley businesses

Cash boosts for businesses from the Keighley and Shipley Towns Funds are still available and have already made a huge difference across the district.

Up to March 2024, 22 businesses in Keighley have been awarded more than £973,000, and 15 businesses in Shipley have received more than £604,000 with the expectation of 151 jobs being created across both areas as a result.

The Capital Assistance to Business Growth Programme is part of the Government-funded Towns Fund and there is £4m available to support local businesses in the Keighley and Shipley areas, with approximately £2m allocated to each.

Businesses can use the grant to invest in premises, machinery, equipment or property to fit out and bringing disused buildings back into use.

Funding has so far been spent on a wide-range of projects by businesses across the district such as expanding and modernising facilities, as well as replacing older equipment with more efficient, up-to-date systems.

Councillor Alex Ross-Shaw, Bradford Council’s Portfolio Holder for Regeneration, Planning and Transport, explained: “It’s so positive to see how this funding is already making such a significant impact. It has directly translated into growth for the businesses who have received it so far and the welcome creation of new jobs for the area.

“Grants ranging from £1,500 to £315,000 are still available for businesses within – or looking to move to – the Keighley and Shipley Towns Fund Areas, and other businesses are invited to apply.”

Adam Clerkin, chair of Shipley Towns Fund, said: “The process of securing a grant is straightforward and the team at Bradford Council will advise businesses throughout. This kind of support for local businesses is crucial in the current economic climate and we want to make sure that everyone who is eligible, has access to it.”

Chair of Keighley Towns Fund, Tim Rogers, added: “Keighley has a proud industrial heritage and a thriving business community. There is funding available for businesses who would benefit and we’re keen to support them. I would encourage anyone interested in applying to get in touch.”

The Towns Fund Capital Assistance to Business Growth Programme Funding is available up to March 2026.

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