Tees Valley Business Compass enjoys successful first year supporting regional firms

Tees Valley Business Compass is celebrating a successful first year after supporting nearly 500 businesses and start-ups across the region.

The local growth hub has completed a total of 486 diagnostics on Tees Valley-based companies and 584 appointments with business owners since January, supporting and advising them on funding opportunities, as well as securing grants to supplement growth.

The largest project it has supported was on behalf of Stockton-based catering firm Direct Line Supplies, worth £118,200, with Tees Valley Business Compass awarding a £39,006 Business Growth Grant to support the company’s marketing, sales management platform and mobile app.

In addition, Tees Valley Business Compass has delivered six events across the five local authority areas in Tees Valley, including business growth surgeries with a number of the region’s leading organisations.

Tees Valley Business Compass is the local growth hub delivered by BE Group on behalf of Tees Valley Combined Authority.

The support available for companies comes from an investment of more than £9.5m from the European Regional Development Fund (ERDF), secured by Tees Valley Combined Authority.

Support is available for growth, along with projects that increase broadband connectivity, research and development, innovation, and energy efficiency.

To access their funding and support and to find out about their new express service if your project is less than £25K please register your interest at www.teesbusinesscompass.co.uk/registeryourinterest

 

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