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 programme for Oadby and Wigston has now completed three bidding rounds.

Round 1 Projects

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

The Start Survive Grow Your Business project, submitted by Nottingham Business Venture Enterprise Solutions, has commenced in the borough and is a personalised solution to the business start up and growth needs of Oadby and Wigston.

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 target area.

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 Regeneration Scheme and The Bank Of TMC, were submitted during round two.

The ‘Oadby and Wigston Regeneration Scheme’ application is currently being considered by the ERDF Appraisal Team and comprises public realm schemes for The Parade, Oadby and Bell Street, Wigston. Whilst Oadby and Wigston Borough Council is a strategic key partner in the application, Leicestershire County Council, as Highway Authority, will be implementing the schemes.

The ‘The Bank Of TMC’ project, submitted by The Mighty Creatives, has commenced in the borough and will support a new generation of entrepreneurs by investing in young people’s creativity, innovation and entrepreneurship.