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Dudley Council
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Borough could benefit from more than £4m Government funding

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More than £4 million of Government funding could be on the way to the borough to improve town centres, boost tourism and help residents with jobs and skills support.

In addition to the £4.4 million local funding allocation borough businesses will also benefit from a slice of £42 million, which has been ring-fenced to provide local business support across the West Midlands.

The funding is coming via the West Midlands Combined Authority (WMCA). The regional body has been allocated £88.4 million from the UK Shared Prosperity Fund (UKSPF), part of the government’s Levelling Up programme.

Council bosses are also exploring ways of using the local allocation to support voluntary and community sector organisations.

Councillor Simon Phipps, cabinet member for regeneration and enterprise, said:

This is very welcome funding from the Government and is part of a near £3 billion package nationwide to support businesses and improve communities.
I’m particularly pleased that it will provide immediate help to small and medium sized businesses to weather the spike in costs of doing business, such as energy, raw materials, and wage increases.
We will do everything we can to ensure borough businesses are able to access the support available via the £42 million ring-fenced for business support.
Notional funding figures suggesting this could be in the region of £4.5 million, meaning Dudley may benefit from up to £9 million from UKSPF.
To support this we plan to create a co-ordinated network of business advisers, who will enhance the existing support provided by the Dudley Business First team and be on hand to offer free support and guidance.
The money will also be used to improve town centres and open spaces, support voluntary organisations and help people to get jobs.

The UKSPF will be discussed at the next meeting of Dudley Council’s cabinet, which takes place on Thursday October 27 from 6pm at Dudley Council House. Members of the public are welcome to attend.

Any decision will be subject to WMCA board approval for the submission of the UKSPF Investment Plan to Government, which will be discussed at a meeting on October 28.

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