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Yorkshire SME flood fund doubled

13/07/2007  10:33:19

 


 

A fund set up to help flood-hit small businesses in the Yorkshire and Humber region has been doubled.

The announcement followed an assessment of flood damage earlier this week by Hazel Blears, secretary of state for communities and local government.

£2 million is now available to assist small firms in the region, with each business start-up able to apply for a grant of up to £2,500.

Tom Riordan, chief executive of the Regional Development Agency Yorkshire Forward, this week confirmed the increase in the recovery fund.

As reported by Startups.co.uk, John Hutton, secretary of state for the Department of Business, Enterprise and Regulatory Reform (DBERR) recently visited flood-hit areas of the Yorkshire and Humber region.

Following the visit, Mr Riordan said: "The secretary of state has seen firsthand the extent of the damage caused by floodwater, and what needs to be done to restore the region.

"He has also witnessed the resilience of Yorkshire businesses, many of them back in business within days."

He continued: "Machinery needs to be replaced, buildings have to be dried out and repaired, bills have to be paid, customers contacted and jobs preserved.

"Every flooded home and school is important, but businesses matter too. They provide jobs as well as vital goods and services."


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