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News and press releases

6 Sep 2004

Re-Launch Of New Business Grant Fund

Press release

South Tyneside Council is re-launching its business start-up grant to help new companies in the Borough find their feet.

The Council has a budget of £50,000 for the grant scheme, which is open to virtually any type of new business in any sector.

The grant can cover up to 50 per cent of capital costs up to a maximum grant of £1,000 and can contribute towards things such as building works, productive equipment and ICT and office equipment.

All applications must be approved before the money is spent, and in order to apply, companies must draw up a business plan. This process can be aided by TEDCO (the Tyneside Economic Development Company).

Councillor Eddie McAtominey, Lead Member Corporate Development said: "The Council is very keen to talk to and support any potential new start-up businesses. We are delighted that we are in a position to re-launch this grant scheme, as it gives new businesses a financial boost at a vital time."

Anyone interested in starting a business in South Tyneside should contact the Business Development Team at the Town Hall in South Shields.

Those looking to start a businesses in the South Shields, Boldon, Cleadon and Whitburn areas should call Mike Jessop on (0191) 424 7577, whilst those looking towards Jarrow and Hebburn should contact Alan Jones on (0191) 424 7578.