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Councillors Richard Holmes and Darryl Wilson submit motion asking council to set up £50k to £100k fund to encourage new small businesses in the Borough

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BT Coleraine

A Notice of Motion has been submitted and proposed by Councillor Holmes, seconded by Councillor Wilson.

The Causeway Coast and Glens Borough Council has, as one of its Mission Statements, the aim of ‘Accelerating our economy and improving economic prosperity.’

This Council recognises the incredible entrepreneurial spirit of many people across the Borough who have established businesses which contribute towards the economic prosperity of the area. In order to support a new generation of entrepreneurs we propose that Council establish an annual fund of £50k-£100k to support start-up businesses (including recent start-ups i.e under two years).

New business ventures should be novel and cause no job displacement. This fund is to be distributed in the form of grants on a biannual basis by a panel made up of councillors, council officers and business people.

Should councillors back the proposal, officers are requested to bring forward proposals for establishing, administering and marketing the fund with a target go live date to be in place for the new council year.

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