MK Council is set to extend its record-breaking Economic Recovery Plan to provide even greater support for local people and businesses most affected by the COVID-19 pandemic.
As part of the Council’s commitment to creating a fair and prosperous recovery from the pandemic, the new plan includes a £1.25m boost to support local businesses and will provide further skills training to help people back into work.
The Economic Recovery Plan has been created in partnership with businesses and builds on a previous £2.25m investment from the council that has so far supported over 400 businesses and 12,000 residents.
MK Council’s Cabinet is due to consider the new plan on 13 July which includes:
Supporting MK’s Businesses – helping local businesses and high streets as they recover from the pandemic
MK SME Restart Programme – giving 100 small businesses access to support from MK Chamber of Commerce, Federation of Small Businesses, South East Midlands Local Enterprise Partnership (SEMLEP) and MK Business Leaders Partnership
Supporting investor networks in the city to ensure businesses are able to access key funding to deliver projects
Continuing to encourage tech innovation and meet up groups
Supporting MK’s people – helping young and marginalised people find work
Extending the partnership with Rebel Business School to deliver business training for aspiring entrepreneurs. Over 160 people in MK have set up their own business after going on the course
Further supporting young people develop skills
Supporting the city – promoting inward investment
Attract inward investment and marketing of the city, including a ‘city positioning’ piece and an MK Accelerator scheme with the Connected Places Catapult to showcase MK as a ‘testbed’ approach
The Economic Recovery Plan is in addition to the £190m in direct support to local businesses handed out by the council.
Deputy Leader and Cabinet Member for Economic Development, Cllr Robin Bradburn said: “We’re delighted to have directly supported so many people and local business in MK during these challenging times. My thanks go out to the partners and colleagues for their support so far and I look forward to working with everyone involved to deliver the next phase of the programme.
“There is still a long way to go, but I’m confident that our business community will continue to show resilience and we will do everything we can to support a fair and prosperous economic recovery from this pandemic.”
Natasha who attended the Rebel Business School training funded by MK Council said: “This was a perfect opportunity for me to find out what it takes to start a business and ask questions. Going on the course gave me the tools and confidence to establish my very own handmade chocolate company, www.cocodelightes.co.uk.”