Decision details

To enable the delivery of the Growth Hub Project funded by the European Regional Development Fund (EDRF) which will support businesses to access business support, including events, workshops, capital business grants and one to one support for businesses.

Accept the ERDF funding (£3,968k) and agree for the city council to act as accountable body in relation to it and add the capital grants fund element of the project (£1.4m) to the capital programme.

This project will enable additional externally funded support to be provided to small to medium sized enterprises in Leicester and Leicestershire, including the delivery of a capital grant scheme for businesses.

To do nothing, would limit the support available to businesses which can help them to grow and develop which will in turn create new jobs and increase Leicester’s economy.