Tag: Starting a business

AD:VENTURE CELEBRATING 3 MORE YEARS OF INTENSIVE SUPPORT FOR REGIONS START-UPS

We are delighted to share the following news about our programme!

AD:VENTURE, our ERDF part funded programme supporting start-ups and scale-ups with practical support and match-funded grants, has been awarded an extension by the Ministry of Housing, Communities and Local Government (MHCLG).

Testament to the success of the programme, which has actively worked with over 1,513 businesses and 1,019 individuals, AD:VENTURE will now run to 2022, making it a six year programme with a value of £18.2m.

Engaging with 710 young people to explore enterprise or self-employment and delivering a schedule of more than 200 events, resulting in 287 additional jobs, the balance of both practical and grant assisted support delivered by professionals has provided significant benefits to business.

96 organisations have received match-funded grants since the programme launched in late 2016, with 125 approved projects representing a total combined worth of £2.3m, securing £665,849 from the AD:VENTURE programme.

Delivered by a consortium of public and private sector organisations, the programme offers tailored packages of support to start-up businesses throughout the Leeds City Region.

Access to workshops, seminars and specialist sessions is complemented by one-to-one assistance from professional Business Advisors, enabling personalised support tailored to the needs of each organisation and the challenges they are facing to growth and future success.

Chair of the Leeds City Region Enterprise Partnership (LEP) and NP11, Roger Marsh OBE, comments: “The success of the AD:VENTURE programme really does tell its own story. The business community throughout the Leeds City Region is vibrant, diverse and growing. Having ongoing access to the support, advice and guidance from experts, as well as funding provision, can only enhance this further.

“Knowing that start-ups and young organisations are attending workshops and accessing the bespoke help that they need is reassuring. It shows that we have in place the provision we need to nurture entrepreneurship across our region and to become an example of best practice for others.”

Working with partners across Bradford, Calderdale, Craven, Harrogate, Kirklees, Leeds, Selby, Wakefield and York, the extension means the AD:VENTURE programme will continue to deliver the same model of support across each town and city.

Michael Burnham of Hydro-Flux in Batley comments: “Without AD:VENTURE there is no way we could have put our idea into practice. Not only did we need some guidance and governance to make sure we were following the necessary processes, but we were also finding it difficult to raise the funds, as the equipment and tooling isn’t cheap.

Michael and Douglas Burnham, Hydro-Flux, Batley, Yorkshire

Securing the grant made all of the difference and we went from kitchen table to furnished offices almost overnight. It was great. Not only was the environment different but we were also able to approach the business with a different mindset”

Andy Jack and Mark Langdale, at Candle Digital, Leeds Beckett University Business Centre, Piece Mill, Halifax

Mark Langdale from Candle Digital, based in Halifax said: “We can’t recommend AD:VENTURE or Leeds Beckett University enough. The support we have received is far beyond anything we could ever have expected. We would suggest to any start-up or young business that they investigate the advice, guidance and sessions that are on offer and make the most of them”

 

Helen Northard, who recently launched Human Spirit Ltd said “If I hadn’t had the support from AD:VENTURE I wouldn’t have had the courage to go for a tender. It’s not about my self-belief or knowing that I can deliver for my customers, it’s about taking steps that are very much outside of my comfort zone. Having a business can be isolating, especially when you’re used to working for big corporations, but with the support from AD:VENTURE I’ve had access to professional training sessions, advisors and a network of trusted partners, I can’t recommend the programme enough!”

Director of Crimson Bear based in Craven, Paul Johnson, comments: “When we launched the business we always intended to grow but by accessing the AD:VENTURE programme we were able to move our plans forward and put them into practice far sooner. Thanks to the grant and the practical support we were able to benefit from, we are now on track to turnover £2m, which is excellent news.”

For further details about AD:VENTURE please visit www.ad-venture.org.uk and for regular updates follow @ADVENTURE_LCR.

BLOG SPOT – THERE’S NEVER BEEN A BETTER TIME TO START A BUSINESS

SME grants

It often takes people years to make the decision to start a company and even then, there is a lot of planning and preparation to make it a viable and profitable enterprise, however this shouldn’t put prospective business owners off, as there has never been a better time to start-up.

Focusing on the Leeds City Region, there is an abundance of support available to start-ups and young businesses including workshops, training sessions and seminars and many of them are free of charge!

Long gone are the days when people had to worry about how they would learn about finance, marketing, business planning and the necessary administrative skills that come with owning a business, a quick internet search will give you a lengthy list of professionals that you can turn to.

Practical help and advice from those that have a proven track record is incredibly useful when you start out and knowing that these sessions are often facilitated through universities or public sector funded bodies provides further credibility by association.

Launching a business should be exciting but it can often be surprisingly isolating too when you are working all of the hours to get your idea off the ground. Building on the practical support that is available locally, there are also strong networks which can be a real lifeline.

There are many networking groups throughout the Leeds City Region and so it is worthwhile trying them all at least once to see which suits you the best. There is no need to go along to something you don’t enjoy when you have an abundance to choose from, so consider your objectives and find the group that you feel will be of most use to you.

As well as accessing suppliers and possible customers, these organised gatherings can also give you the chance to meet with people that will become life-long friends, supporters and advocates of your business and this really can be invaluable.

Having the chance to develop trusted relationships and to speak to others that are likely to be in the same – or a similar position – will give you a platform to share your concerns, which can then be addressed in a group setting providing reassurance and advice.

Interestingly, in addition to practical support and strong networks, throughout the Leeds City Region there is also the opportunity to apply for grant funding. This can give young companies the chance to take their longer-term ideas and make them happen.

As well as focusing on short term goals, we all know it’s important to have a three or five-year plan in place and that is where grants can really come into play. Putting targets in place of what you hope to achieve is the first step and asking for funds to bring those forward is the next.

Some of the funding programmes that are available can be found in a previous article from Yorkshire Powerhouse here.

There is absolutely no reason why a business should struggle when there are programmes available that can offer professional support, networking and grants, it makes no sense what-so-ever. Taking advantage of the opportunities that are available will not only benefit your business but it’s what they are there for and the more people that use them, the more likely they are to continue.

If you want to make the most of the infrastructure that the Leeds City Region has to offer simply follow the suggestions below:

  1. Take five minutes to do a quick search on the internet to find local organisations that can provide you with practical support, for example AD:VENTURE is perfect for start ups with a growth focus!
  2. Think about the skills you are lacking and choose the course, sessions and seminars that will give you access to professionals that can help
  3. Look into networking groups and make it a priority to visit one a month – don’t overwhelm yourself by trying to do too much, it will be counter productive
  4. Write down what your short and longer-term plans are – if you haven’t already – and consider what you could achieve if funding was available
  5. Pick up the phone and speak to a dedicated business advisor about how you can get the best from the programmes in your local area

It is important to remember that unlike traditional businesses many of the organisations that are delivering support actually work together rather than competing so it’s fine to ask them if there are any other opportunities that you can capitalise upon.

They will put you in touch with other programmes that could take your business from standing start to success story.

So……what are you waiting for?