Growth Hub Says Innovate to Retain Staff and Increase Market Share
YORK, North Yorkshire and East Riding’s businesses are being encouraged to take advantage of £27million of grant funding to bring in cutting-edge processes that will maximise their resources, keep staff in the workplace for longer and increase their market share.
The area’s Growth Hub, How’s Business, part of the Local Enterprise Partnership, has said it is especially important for our area’s food and drink manufacturing businesses, which have an opportunity to implement automated processes and machinery that are already proving successful in other manufacturing sectors.
With 29% of the area’s manufacturers reporting an increase in exports and 17% reporting an increase in domestic sales, its essential that manufacturers can retain the skills and knowledge of experienced members of staff and take advantage of cutting edge automotive processes in order to improve the capacity of their teams to meet an increasing market demand.
For manufacturers who want to access this funding, How’s Business provides a single point of contact for over £27million of grant funding that can cover capital costs, skills training, consultancy and support – to help businesses improve their capacity and efficiency.
David Kerfoot, Local Enterprise Partnership Board member, who built up his own successful business from £300 and now exports to 52 countries, said:
“There is a huge opportunity for ambitious businesses to take advantage of funded support to improve their efficiency and capacity through new manufacturing methods.
“Not only will this help businesses to handle issues that they are facing in their business now, but the processes and options could also help them to take advantage of opportunities to increase their market share.
“For anyone who wants to access this support, it has never been simpler or easier to find the solutions. Our Growth Hub, How’s Business, is here to take the time and the hassle out of finding the right support, meaning that entrepreneurs can spend more time on their business.”