Jobless incentives for small businesses
SMALL and medium-sized firms will receive an incentive �2,500 for every long-term jobless person they employ and train, thanks to one of many new initiatives set up to try to get the current market flowing. They include the Intensive Support for
SMALL and medium-sized firms will receive an incentive �2,500 for every long-term jobless person they employ and train, thanks to one of many new initiatives set up to try to get the current market flowing.
They include the Intensive Support for Businesses, which is a new �250,000 scheme announced by the East of England Development Agency (EEDA).
The aim of the project is to offer fully-funded expert business advice to existing businesses and early stage start-ups that are suffering as a consequence of the economic downturn, across the region.
Another new development is business secretary Lord Mandelson's plan to underwrite loans to the tune of �20bn to encourage banks to start releasing funds to firms in need of financial support.
EEDA chairman Richard Ellis said: "There is no doubt that it's a difficult and worrying time for many businesses across our region.
"EEDA's own intensive support programme will complement the Government's actions by offering businesses that one-to-one dedicated time with specialist advisors which can be so important in finding ways to adapt, survive and improve.
- 1 'Garden thieves' caught on camera in Welwyn
- 2 Queen's Platinum Jubilee: Changes to rubbish and recycling bin collection days in Welwyn Hatfield
- 3 Welwyn Garden City school earns prestigious development award
- 4 The latest court results for Welwyn Hatfield and Potters Bar
- 5 Who is playing when at Slam Dunk Festival 2022: Set times announced for Hatfield Park
- 6 Platinum Jubilee: Hertfordshire's royal visits in pictures
- 7 TfL removes over 100 London buses after EV blaze in Potters Bar
- 8 Spectacular Grade II listed home near Hatfield on the market for £3m
- 9 Explained: What the cost of living support package means for you
- 10 Local man will be flying high in an effort to raise much needed funds for Potential Kids
"My message to businesses remains the same - seek this sort of help early to ensure that you are in the best possible shape to face these challenges head-on.