Economic The indirect benefit of the identified opportunities uncovered is the increased economic stimulus created through new business start-ups, improved business sustainability, and greater economic activity locally via grant application and investment activity. This is particularly the case with Prepare to Raise, FreelanceHER 100, HOST 50, and the Fund and Promote Your Tech programmes. Outcomes • New investment In addition to these three defined outcomes, it is further recognised that additional outcomes are delivered through new future employment opportunities and increased localised supply chains. Through grant funding, small businesses have secured an additional £45,500 of income to support the purchase of new equipment and materials to further the growth and development of their organisations. In addition to the new skills developed, this acts as an enabler for growth and development, leading to increased income and performance. Impact • Increased local expenditure (staff) • Increased local expenditure (suppliers) • Increased tax contributions • New business start-ups • Build business resilience • Enabling £300k worth of grants to be distributed
The forecasted value delivered through direct economic value is £1,114,515.70 or 24.1% per annum .
16 | Social and Local Value 2022 16 | Social and Local Value 2022
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