Boost for rural businesses with £8m support from North of Tyne Combined Authority
Rural businesses across North Tyneside and beyond are set for a boost with the launch of a new multi-million pound support programme.
North of Tyne Combined Authority has launched The North of Tyne Rural Business Growth Service, a £7.896m initiative designed to stimulate growth in the rural economy of the area.
Delivered by Advance Northumberland and Northumberland County Council, the programme will offer business advice and support services, as well as access to a capital grant investment fund.
The programme’s aim is to empower local rural firms to maximise production capabilities, scale up operations. encourage innovation and increase overseas trading.
North of Tyne cabinet member for economic growth, Cllr Bruce Pickard, commented: “This is excellent news for businesses in rural areas.
“It’s part of more than £19m for business offered by the North of Tyne Combined Authority that is intended to support growth and innovation, boost rural economies, and bring new investment to Newcastle, Northumberland and North Tyneside.
“Businesses are the building blocks of our economy and it is exactly this kind of support to them that will be crucial in the region’s recovery from COVID-19.”
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