Region’s £8million boost for business revealed

January 12, 2020

Businesses across the region have enjoyed an £8.6million growth dividend in the last three years thanks to the Marches Growth Hub, new figures have revealed. 

And the region can expect another £30million shot in the arm over the next three years thanks to the work of the hub and European Regional Development Fund (ERDF) support.

Paul Hinkins, chair of the Marches Growth Hub, said the figures showed the huge impact the one-stop shop for business advice and support was making to drive business success and growth across Herefordshire, Shropshire and Telford & Wrekin.

“The latest figures we have are that between January 2016 and September 2019 there has been approximately £8.6m provided to businesses in the Marches through the ERDF programme, either in the form of direct finance and grants or via business consultancy,” he said.

“In addition to that, between now and June 2023 it is anticipated that a further £30m will go towards business in the Marches.

“This is money and support which is making a real difference to the success of our economy, the ability of our businesses to thrive and grow and to improving the lives of everybody who lives and works in this region.

”This money will have helped create not just economic growth and wellbeing, but new jobs, new opportunity and the innovative new products which will future-proof this region for years to come.”

Mr Hinkins urged businesses to make the most of every penny of funding and support available to them by taking up the Marches Growth Hub’s £10m Growth Challenge.

The challenge – launched by the hub in July – calls on businesses across Herefordshire, Shropshire and Telford & Wrekin to claim their share of all the funding available to help them grow.

From April to September, the four largest funding programmes awarded a combined £972,000 across the region in a move anticipated to create 29 new jobs.

The release of the figures comes at the same time as the launch of a new website – – designed to make accessing some of the financial support and help available as straightforward as possible.

“If you have not looked at the website to see if there is any help available for your business then I would urge you to do so straight away. We want to use as much of this money as possible across this region,” Mr Hinkins added.

The challenge brings together funding from the ERDF and the Government-backed Midlands Engine Investment Fund and includes schemes such as the Business Growth Programme 2, Marches Building Investment Grant and the Business Energy Efficiency Programme.

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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: | email:

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

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:

For any finance queries please contact:

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

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