Government funding scheme has created or safeguarded nearly 600 jobs in Rugby

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A major government funding scheme has created or safeguarded nearly 600 jobs in Rugby as businesses look forward with their post-pandemic recovery plans.

Rugby Borough Council was awarded £916,716 from The Additional Restrictions Grant (ARG) project last September.

The council sought the expertise of the Coventry and Warwickshire Local Enterprise Partnership (CWLEP) Growth Hub to find the Rugby businesses who were in a position to turn their expansion plans into reality post-Covid.

The top three industries that were assisted were the service sector; manufacturing; and engineering, logistics and hospitality.

CWLEP Growth Hub project lead Gary Thyeson and account manager Adam Plumb identified 25 businesses in Rugby, Dunchurch, Hillmorton, Stretton-under-Fosse and Ryton-on-Dunsmore ranging from the renting of boats, assembly and repair of narrowboats and commercial cleaning contractors, to a wheel hub manufacturer and vending machine supplier.

The ARG funding has led to the creation of 109 jobs and the safeguarding of a further 471, with each business receiving an average of nearly £37,000.

The grants helped towards funding a vast range of projects including refurbishing six boats, buying a five-axis cutting machine and extending a property to create office space and a training facility.

Cllr Jill Simpson-Vince, Rugby Borough Council portfolio holder for growth and investment, said: “Additional Restrictions Grants were a lifeline for many of the borough’s businesses during the pandemic lockdowns, with the council distributing more than £3 million to nearly 350 businesses.”

Craig Humphrey, Managing Director of the CWLEP Growth Hub, said The ARG scheme had made a real difference to 25 businesses throughout Rugby.

He said: “The diversity of the micro, small and medium businesses which have been helped through this government funding scheme highlighted the real need for extra support in a post-Covid world.

“We were able to use our expertise to pin-point the businesses that would really benefit from this funding and the end result is the creation of a high number of jobs as well as safeguarding others.

“This all helps to boost the local economy as well as enable companies to bid for new work and go ahead with their expansion and fit-out plans.

“We were pleased to work closely with Rugby Borough Council on this project and it underlines the value of strong partnership working in Coventry and Warwickshire.”