Use funding for Dorset firms, says Forum of Private Business (From Dorset Echo)

Use funding for Dorset firms, says Forum of Private Business

11:20am Sunday 21st March 2010 in

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The Forum of Private Business is urging East and North Dorset Councils to use the combined £70,381 awarded by a £50million Government business growth scheme to provide additional hardship relief for small firms.

The Forum says that by joining other local authorities in ‘thinking smallest first’ and pledging the money to bolster small business rate relief, the council could help free up to £150million in match-funding from the Government.

The business support and lobby group’s call follows the publication of the latest round of Local Authority Business Growth Incentives (LABGI) grants. The scheme is aimed at encouraging business growth by rewarding enterprise-friendly councils with grant funding that is not ring-fenced East Dorset has been awarded £39,309 and North Dorset £31,072 in LABGI funding.