Wrexham’s business community has been given a boost this month with the opening of the town’s first Enterprise Hub.
Ken Skates, the Wales economy and transport secretary, officially opened the new Wrexham Enterprise Hub, which has been paid for by money from the European Development Fund.
In its first two years of operation, the hub aims into help 100 new businesses and lead to the creation of 260 jobs in the local area.
It’s a two-year pilot scheme that also wants to assist new companies in finding investment - the target is to raise £1 million of private investment for its members in this period. Any new businesses that want to get involved are being invited to apply for one of the 20 fully-funded places available at the hub.
Successful businesses will receive a full-time desk at the hub, as well as one-on-one mentoring and other support to help them get their new business off the ground.
The idea is also to provide a space where local businesses and the community can collaborate and come together.
Reporting on the opening, BQ Live highlighted some of Mr Skates’ comments. He stated: “This kind of local business support which drives innovation and entrepreneurship really can be economically transformational.”
He added that £5 million has been set aside to develop four additional regional business hubs across Wales.
This kind of scheme could also help the team behind the North Wales Growth Bid, which is aiming to secure substantial investment in businesses in the region. Earlier this year Insider Media revealed that, if the bid is successful, it could pave the way for £1.3 billion of investment in the local economy.
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