Newspaper article Evening Gazette (Middlesbrough, England)

Boost for Businesses Looking to Grow and Invest in New Talent

Newspaper article Evening Gazette (Middlesbrough, England)

Boost for Businesses Looking to Grow and Invest in New Talent

Article excerpt

TEES Valley businesses looking to grow and invest in talent are being offered additional support through a new investment scheme which has been launched, aiming to create 700 jobs in the area by 2015.

Tees Valley Unlimited secured PS7m from the Government's Regional Growth Fund to deliver the Tees Valley Jobs and Skills Investment Scheme, which will support Tees Valley businesses looking to grow their workforce.

The Tees Valley Jobs and Skills Investment Scheme offers businesses a 12-month wage subsidy of up to 50% towards the cost of a new trainee, apprentice or graduate of any age.

There is no limit to the number of people that a company can employ, providing the posts are additional and can be sustained for a minimum of two years.

Key sectors of growth that can be funded include advanced manufacturing and engineering, digital and creative, logistics and chemical processing plus supporting business sectors.

To date, there have been more than 300 applications, of which 100 have already been approved by the Tees Valley Jobs and Skills Investment Scheme which will result in the creation of 275 jobs.

However, more businesses are being encouraged to take advantage of the scheme.

One of the businesses already benefiting is Harvey and Hugo, a marketing and public relations firm based in Darlington. Named after the two office dogs, the business works with a wide variety of clients including a frozen fish company, an insurance firm, and businesses working in renewable energy.

Charlotte Nichols, managing director, said: "The scheme has been crucial to recruiting two new staff. It has given me so much more breathing space and a chance to recruit high calibre, experienced people to the business.

"With the extra money saved, I can use our improved cash flow to build a new website and may get a phone upgrade for the office - things that aren't always so easy to do when you are running your own business."

Charlotte applied as soon as she heard about the scheme which makes a big difference to how the firm operates. …

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