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Council launches Broxtowe Business Forums to help support local businesses, with UK Shared Prosperity funding
The aims of the Forums are to help local businesses network with each other, promote all the free support available to help businesses thrive and for the Council to strengthen and increase its engagement and to better understand businesses’ needs. The events were made possible through funding from the UK Shared Prosperity Fund (UKSPF) from the UK Government.
The Forums have been developed following the Broxtowe Skills Quest survey in the early part of 2024. Most respondents wanted help in regularly networking with other local businesses, to find out what help the Council could offer and meet people within the council.
The Forums enable the Council’s Economic Development Team to talk directly to businesses to gain insights and feed into the Council’s strategic decisions. Businesses have the opportunity to meet, provide peer support and share ideas. The Council’s team will be on hand to provide information about where businesses can get support, funding opportunities and how businesses can get on the Council’s procurement list. The ambition is that, after an initial set up period, the town-based meetings become self-administering.
Leader of Broxtowe Borough Council and Portfolio Holder for Economic Development and Asset Management, Councillor Milan Radulovic MBE, said: ‘We asked our Broxtowe businesses how the Council could help their businesses to thrive, and the Broxtowe Business Forums are one of the outcomes.
We are committed to helping our local businesses to grow and the Forums will inform how we can use local funding to ensure that we can provide relevant support services.
The Forums will be the place to exchange ideas with fellow business people and the Council so that we can develop innovative solutions. It is our priority to ensure that our local businesses thrive ensuring that Broxtowe is a GREAT place to live, work and grow your business.
I encourage all business people to tap into our team to see what support is available locally, regionally and nationally.’
For more information contact Alex Strongman by email: alex.strongman@broxtowe.gov.uk
There are around 6,000 businesses operating in Broxtowe. The majority are Small to Medium Enterprises (SME) employing fewer than 249 people. Around 80% of local businesses are micro businesses with fewer than 9 employees. The Council are committed to working with these businesses to ensure that they can all fulfil their potential.
The UK Shared Prosperity Fund is UK Government funded and Broxtowe Borough Council has been allocated a total of £2,584,477 over a three-year period 2022-25. Activity funded in 2024/5 includes local business, skills and community projects, including a set of community grant-funded projects.