What's Happening?
Torbay Council has introduced the Torbay Enterprise Fund, allocating £130,000 to support local businesses in Devon. The fund aims to foster business growth by offering two types of grants: one for start-ups and another for retail unit improvements. This initiative is designed to stimulate economic activity in town centers and assist new and existing businesses in accessing necessary resources to thrive.
Why It's Important?
The launch of the Torbay Enterprise Fund is a strategic move to bolster local economic development. By providing financial support to start-ups and retail businesses, the council is encouraging entrepreneurship and revitalizing town centers. This can lead to job creation, increased local spending, and a more vibrant community. The fund represents a proactive approach to economic challenges, aiming to sustain and grow the local business ecosystem.
