Marches businesses receive £154m to support through the pandemic

June 9, 2020
Mandy Thorn MBE

Businesses in the Marches have benefitted from more than £154 million of Government grant support during the pandemic to date, new figures revealed today.
The Chair of the Marches LEP Mandy Thorn today congratulated the region’s three councils for their hard work in issuing the funding to businesses and welcomed the new discretionary grant fund introduced to help companies which may be falling through the cracks.
A recent LEP survey showed that around 50% of businesses in Herefordshire, Shropshire and Telford & Wrekin were eligible for a £10,000 grant for small businesses and a £25,000 grant for retail, leisure & hospitality businesses.
Other businesses are able to access a new discretionary fund from local councils as well as loans through the Bounce Back scheme and the Coronavirus Business Interruption Loan scheme.
Figures from the Department for Business, Energy and Industrial Strategy show that £154.7m has been paid out to 13,189 businesses by June 3 2020.
Mrs Thorn said: “Thousands of our businesses have been devastated by the Covid-19 pandemic, with many seeing a complete loss of revenue in recent weeks. This grant funding has been a lifeline for many of them and I’d like to congratulate our local authority partners for getting this money out of the door.
“It has been a mammoth task and the council business support teams in Herefordshire, Shropshire and Telford & Wrekin have worked incredibly hard to make sure these grants reach businesses in need.”
More than £52.3m has been paid to 4,564 businesses in Herefordshire; £71.8m to 6,079 businesses in Shropshire and £30.5m to 2,546 businesses in Telford & Wrekin.
Mrs Thorn added: “There are still many businesses which may be eligible for this grant funding or the new discretionary grants which have recently opened for applications and I would encourage people to apply. We know staff and rents have to be paid and this financial support could literally save some of our region’s businesses.
“As well as listing available grants, the Marches Growth Hub has more than 150 different business support programmes including access to finance schemes and businesses can find out more by visiting www.marchesgrowthhub.co.uk.”
Follow the below links for the relevant local authority information on the discretionary grant fund:
Herefordshire Council
Shropshire Council
Telford & Wrekin Council

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The Marches Local Enterprise Partnership has now ceased trading and transferred all its functions to Shropshire Council working with Telford & Wrekin Council and Herefordshire Council, in line with the UK Government's plans for devolution.

The Marches LEP was established in 2011 and hands over an impressive legacy from its 13-year life. In that time the LEP invested over £196m in projects across the Marches, securing in excess of £100m of match funding and supported more than 66,000 business interactions.

The schemes supported have made tangible differences to local communities, increasing skills, creating jobs and improving the physical appearance of many towns.

We would like to thank all the LEP Board Members who have given their time freely over the life of the LEP, as well as all the staff who worked for the LEP over the years. We also want to thank our delivery partners, local education providers and local, regional and national stakeholders who helped us achieve so much.

The Marches Growth Hub will continue to support businesses and will be managed by Shropshire Council, supported by Telford and Wrekin and Herefordshire Councils. Each of the three Local Authorities will also continue to provide direct business support locally. Details of this support will be available through the Marches Growth Hub website and from the Local Authorities directly. Website: www.marchesgrowthhub.co.uk | email: enquiries@marchesgrowthhub.co.uk.

The Marches Careers Hub will continue to be delivered and will be managed by Shropshire Council, supported by Telford & Wrekin and Herefordshire Councils. Website: www.marchescareershub.co.uk | email: info@marchescareershub.co.uk

For any queries about Getting Building Fund (GBF), Local Growth Fund (LGF) and Marches Investment Fund (MIF) projects supported by the Marches LEP please contact: gary.spence@shropshire.gov.uk

For any finance queries please contact: michelle.hodgkiss@shropshire.gov.uk

The solvent liquidation of the Marches LEP is being managed by the Evelyn Partners Limited. For any matter related to this please contact: Camilla.Mulholland@evelyn.com

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