Government Minister, Jake Berry, visited the Ambition Broxbourne Business Centre and a community hub in Hoddesdon on Monday 13 November.
Mr Berry, who is Minister for the Northern Powerhouse and Local Growth, announced a £12.5m fund with the Hertfordshire Local Enterprise Partnership (LEP), which issued an open call for local, capital funded projects.
The Herts LEP money comes from Government Growth Deal funding and its aim is to help to deliver economic development projects within the county.
Mr Berry, alongside the Herts LEP Executive Director Neil Hayes who spoke immediately afterwards, made the announcement in the lobby of the business centre to mark the start of Global Entrepreneurship Week (13-19 November).
Local Growth Minister Jake Berry said: “Ambition Broxbourne Business Centre is a great example of what can be achieved when the Government and Local Enterprise partnerships work together to support local business needs.
“This initiative encourages business development, inward investment and growth in this local area with significant projects coming forward to deliver thousands of new jobs, homes and provide vital employment space on the edge of London.
“I am delighted that today a further £12.5m capital, from the Government’s Local Growth Fund, is to be made available through Hertfordshire Local Enterprise Partnership to support projects that meet its strategic priorities to accelerate business growth in the area.”
Mr Hayes said: “An open call for grant funding enables an optimum number of proposals to be considered that fit most closely with our wider strategic ambitions to accelerate business growth.”
Broxbourne Council’s Leader, Councillor Mark Mills-Bishop, introduced the event by celebrating the one-year-old business centre’s achievements.
He said: “I am pleased to say that the ABBC, as it is known, is the flagship for the Council’s economic development strategy Ambition Broxbourne. Owing to the joint work of Herts LEP and the Council, it has had great success.
“More than 50% of the work space is being fully utilised, 58 businesses have been assisted through training and it is the birthplace of eight new businesses.
“Over 100 people now work here and I’d like to congratulate all of the resident companies on their business achievements to date. Thank you for sharing our vision for Broxbourne of innovation, enterprise and entrepreneurship.”
MP for Broxbourne, Charles Walker MBE, and the Council’s Chief Executive, Jeff Stack, were also present at the meeting and held a meeting at the centre just afterwards.
The group toured the business centre before travelling to the ‘Your Town’ hub in Fawkon Walk, Hoddesdon. They talked with pupils and teachers from Roselands Primary School, the Robert Barclay Academy and Hertford Regional College, before talking with Your Town’s director Mark White.
For more information on applying for Herts LEP funding, visit https://www.hertfordshirelep.com/news-events/news/local-growth-minister-jake-berry-and-hertfordshire-lep-announce-125m-funding-call/