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European Regional Development Fund Priority Axis 2

The following page outlines the European Regional Development Fund (ERDF) and how it applies to the Borough of Oadby and Wigston.

The European Regional Development Fund under Priority Axis 2 provides funding for projects that contribute to economic development, regeneration, promoting competitiveness and delivering sustainable development in the Borough of Oadby and Wigston. The Oadby and Wigston Patnership Local Investment Plan sets out how over the 2007-2013 period the Borough of Oadby and Wigston and its partners will target European Regional Development Fund monies secured under the East Midlands region's European Structural Fund Programme 2007 - 2013 PDF Document Local investment plan (PDF Document, 411.04 Kb).

Round 1 Projects

Round 1 of the Programme has focused on addressing the need for business support projects. Under round 1 through the ERDF two projects, Start Survive Grow Your Business and Start Up Now, have successfully achieved funding and commenced.

Start Survive Grow Your Business by Nottingham Business Venture is a personalised solution to the business start up and growth needs of the borough and includes a small grants programme. NBV Enterprise Solutions is a not for profit organisation with over 30 years’ of experience providing business advice and training in the East Midlands. NBV service caters for people who want to start a new business, and for those already established who wish to grow their business. Covering Leicester, Oadby and Wigston, NBV have some terrific support services on offer. The NBV comprehensive support packages include master classes, one-to-one mentoring support, business-needs assessments and grant funding up to the amount of £5,000.

You don’t have to ‘go it alone’. Contact the team at NBV on 0844 887 2568 or visit www.nbv.co.uk to find out more.

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The Start Up Now project, submitted by Skills for Enterprise Ltd, has also commenced and offers an intensive enterprise coaching and business start up programme designed to help foster an entrepreneurial culture within the borough of Oadby and Wigston. For more information visit the Skills for Enterprise Ltd website.

Round 2 Projects

Round 2 of the Programme has focused on infrastructure, public realm and supply chains. Through the ERDF two projects, the Oadby and Wigston Public Realm Scheme and The Bank Of TMC, were submitted.

The ‘Oadby and Wigston Public Realm Scheme’ relates to The Parade, Oadby and Bell Street, Wigston. Whilst Oadby and Wigston Borough Council is a strategic partner in the application, Leicestershire County Council, as Highway Authority, will be implementing the schemes. For more information visit the ERDF Public Realm Schemes page.

The Bank of TMC by The Mighty Creatives is an initiative that provides bespoke business start-up support for creative young people aged 16 to 25 years old.

The Bank of TMC builds on a successful pilot which to date has support in excess of 50 young creative entrepreneurs and has backed great ideas into 12 new start-up social enterprises. Through further funding from EDRF (European Regional Development Fund), RBS Inspiring Youth Enterprise and Leicestershire County Council, The Mighty Creatives is to expand and form a wider range of services providing an ambitious programme that will deliver the support that young entrepreneurs need to develop and flourish in the East Midlands. This new programme of activity will support 100 young people to start up and grow their businesses, leading positive change within and across their communities. What first generation Bank of TMC entrepreneurs Emily Bolton and Rachel Eke, Co Directors, Moving Together say about the programme:

"Support from The Bank of TMC has been essential in the start-up, development and success of our business, Moving Together. The Bank of TMC helped us to realise our potential, identify what makes Moving Together unique and recognise what is essential to managing a sustainable business.”

"The Bank of TMC's support was fundamental in turning our passion for dance in the community, into a solid social enterprise business. With expert advice from a range of artists, other entrepreneurs and financial advisors, Moving Together has grown in confidence engaging young and old in the health and social benefits of dance.”

"We have gained the skills to turn what was once a dream into a successful creative dance company. Without the support from The Bank of TMC we would not be where we are!"

The new programme launched in June 2013 and operates in the Borough of Oadby and Wigston! For more information please visit The Mighty Creatives website or contact rob@themightycreatives.com

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Last updated: Monday, 28 April 2014 8:56 am

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