A Yorkshire business support programme has provided more than a million pounds in grant funding since its launch.
AD:VENTURE, which helps ambitious new businesses trading for less than three years in North and West Yorkshire, has provided over £1.3m of funding to start-up firms and helped create 391 jobs.
Since the programme started at the end of 2016, AD:VENTURE has helped more than 3000 businesses and individuals in the Leeds City Region, and approved 156 grants to help start-up businesses to grow, including support for purchasing vital equipment and moving to suitable premises.
Partners of AD:VENTURE include the region’s nine local authorities, the Business Enterprise Fund and the Leeds City Region Enterprise Partnership, with businesses also able to access academic input through programmes delivered by higher education partners, Leeds Beckett University and Leeds Trinity University.
Roger Marsh OBE DL, Chair of the Leeds City Region Enterprise Partnership (LEP) and NP11, said: “Programmes like AD:VENTURE help start-up businesses to speed up their growth, and that leads to a stronger economy.
“We have some fantastic new businesses in this region and these figures show that with the right support provided at the right time, start-ups can go from strength to strength.”
One of the businesses benefiting from the programme is Halifax-based Candle Digital, an online learning platform for training providers. The team worked with an AD:VENTURE advisor who helped them to target the right people that could benefit from their service.
Mark Langdale, director of Candle Digital, said: “We can’t recommend AD:VENTURE enough. The business support we have received is far beyond anything we could ever have expected.
“We would suggest to any start-up business that they investigate the advice, guidance and sessions that are on offer and make the most of them.”
Power Sheds, a shed manufacturer based in Bradford, have also seen the benefits of accessing AD:VENTURE grant funding, which was used to help purchase an automated saw. The equipment measures the timber to the correct length allowing it to be cut very quickly and reduces waste.
The new equipment means that Power Sheds are on target to triple their size within the next year, with plans to expand into Europe. Jack Sutcliffe, director of Power Sheds, says the support they have had from AD:VENTURE has played a big part in the company’s rapid growth.
“They’ll happily come out and see you and are always available to give you advice on anything that you might need. They’ve also advised us on where to go for other funding and put us in contact with lots of different people who might be able to help us.”
AD:VENTURE is a European Regional Development Fund (ERDF) match funded programme which offers grant funding, mentoring and business development advice to pre-start, young and new firms with growth potential in the Leeds City Region. The programme also runs free events tailored to new businesses and offers support to young people who are keen to develop entrepreneurial skills.
For more information on AD:VENTURE go to https://ad-venture.org.uk/