Local companies helped by Growth Grants

Two local companies join others in Powys who have benefitted from Growth Grants provided by the county council in the last six months.

The companies eceived financial support ranging from £1,000 to £25,000, totaling almost £1.1 million facilitated by the council through the UK Government's Shared Prosperity Fund.

Among the successful recipients in the initial round were Custom Marine Developments (CMD) in Abermule, who utilized the grant to invest in a design data management system for their CAD engineers, and Quality Pipe Supports in Newtown, who purchased an automatic pressure feed blaster to enhance operational efficiency.

The grants, which are also available to businesses considering a move to Powys, remain accessible in a second round of the scheme. Interested parties are encouraged to submit an expression of interest for a Powys Business Growth Grant, with the current £950,000 allocation available on a first-come-first-served basis.

Cllr David Selby, Powys County Council's Cabinet Member for a More Prosperous Powys said:

"I'm delighted that we were able to support this baker's dozen of businesses from right across Powys during round one, this investment has helped to create 12 new full time and three part time jobs, and to safeguard 19 full time and five part time roles.

"We want to help businesses in the county, and those that want to move here, at all stages of development to sustain, grow and innovate, including through local networks, and are looking forward to helping many more in round two."

Jack Miller, Managing Director of Custom Marine Developments, highlighted the benefits of the grant in enabling collaborative working. He said:

"A design data management system allows for central collaborative working, without each engineer interfering with another's files. This allows multiple engineers to work on the same project at the same time, providing opportunities to tender for larger projects."

The funding can be allocated towards capital projects and one-off revenue initiatives but is not intended for covering regular operational expenses.

Those seeking more information or wanting to apply for the grant can visit the Powys County Council website or email economicdevelopment@powys.gov.uk.