Local MP Jo Swinson has welcomed the announcement by the UK Government that businesses in East Dunbartonshire are eligible to receive extra funding support.
The Assisted Areas programme will allow businesses to bid for funding for new commercial projects as well as tax breaks to support the recruitment and retention of quality staff. One example of a notable incentive is a substantial grant to convert or renovate unused business premises.
The Department for Business, Innovation and Skills is backing this EU funded scheme to boost private sector growth and they have released a map of the eligible areas. In East Dunbartonshire these include areas of Bishopbriggs, Lenzie and Kirkintilloch.
The scheme is currently subject to approval by the European Commission, with a decision set for later this month. The anticipation is that the programme will begin on 1st July 2014.
Commenting, Jo said:
“This is very welcome news for businesses in East Dunbartonshire, and I encourage local businesses to look at the map and see if they are eligible for additional funding.
“Assisted area status provides a chance for local businesses to invest in their staff and resources, which in turn can boost the local economy.
“The Assisted Areas programme shows that the UK Government is continuing its strong support for SMEs, and East Dunbartonshire businesses are benefitting from this as shown by another big fall recently in unemployment in the area”.
To look at the map please visit: www.ukassistedareasmap.com.