BIG Awards totalling £600,000 have been allocated as part of Angus Council’s determination to support local firms out of the Covid-19 Pandemic.
The Business Improvement Grant is a key element of the support the Council is providing to local businesses and is aimed at assisting with their future proofing, innovation and diversification.
Among those receiving cash awards are seven local firms who successfully pitched for £25,000 each before a Dragon’s Den-style panel of local business leaders.
Receiving £25k BIG Awards are - Reekie Manufacturing; the WeeCOOK Kitchen; Denfind Stone; Reid Hydraulic Services; Pullar Fishing Co.; Toll House Spirits and Perfect Laundry.
Angus Council’s Communities Convener, Cllr Mark Salmond said: “We have been both delighted and invigorated by the breadth and quality of local businesses who applied to the BIG Fund. They cover a wide range of business sectors including manufacturing, construction, tourism, food and drink and leisure, with sole traders and large employers all represented.
“Well deserved congratulations to all those whose funding has been confirmed. In the event, we were oversubscribed with almost 150 applications at a value of nearly £2 million - that represents a tremendous response to this funding offer.
“We could not confirm funding for all, but I am delighted that applications came to us from every town and village in the county and will benefit companies in all wards of Angus.”
In addition to the seven £25k awards, there were more than 30 other cash awards of £2000, £5000, £8000 or £15,000 with some additional businesses receiving partial awards, ensuring that as many projects as possible were financially supported.
The awards were made possible following agreement with Scottish Government to use unallocated COVID -19 Discretionary Funds to support Angus businesses.
Through their applications and presentations, local businesses had to demonstrate how a cash award will help to secure growth and opportunity through innovation and modern business approaches; protect and create jobs, encourage fresh ideas and enhance the local economy.
Angus Council along with their Business Gateway colleagues will continue to work with the successful bidders and ensure that relevant and ongoing support can be provided through and beyond the Covid-19 recovery.
For those who were not successful, Business Gateway will also be contacting them separately to offer further help to move their projects forward.
For further information, visit Invest in Angus or look out for Twitter updates at @Businessangus