£1 million to be invested into business support services across Suffolk

Suffolk’s district and borough councils (Babergh District Council, East Suffolk Council, Ipswich Borough Council, Mid Suffolk District Council, and West Suffolk Council), along with Suffolk County Council and New Anglia Local Enterprise Partnership have partnered to invest in business support and development services, including advice to reduce carbon emissions.

By working in partnership, over £1 million will be invested in Suffolk business support services from July 2023 to March 2025.

The initiative has combined local authority funding of £632,047 from the government through the UK Shared Prosperity Fund, which aims to improve pride in place and increase life chances across the UK by investing in communities and place, supporting local business, and people and skills. In addition £153,407 will come from Suffolk County Council and £300,000 from New Anglia LEP.

Suffolk’s economy is primarily composed of micro and small enterprises, accounting for 98.1 per cent of all businesses. The partners recognise that to unlock their potential, tackle challenges and significantly boost economic growth, these businesses require targeted support.

The funding will see a team of experienced business advisers from the New Anglia Growth Hub offer a free, impartial service across Suffolk. The services will be accessible to any business that is located within Suffolk, including social enterprises. There will be a range of support and advice offered, including business resilience, business growth, access to funding and marketing.

Additionally, an intensive three-month programme providing wrap-around support will be available to small and medium-sized businesses looking to scale up.

With all partners being committed to and actively supporting local areas to reduce carbon emissions, a net zero business consultancy will be established, building upon the current support offers available. The consultancy will assist Suffolk businesses in identifying what achieving net zero would mean for them, providing advice and developing action plans.

Following an open tender process YTKO Limited have now been appointed as the new providers of business support across Suffolk under the banner of New Anglia Growth Hub, and Groundwork East have been appointed as the providers of the net zero consultancy.

This provision will complement existing business support across Suffolk from other providers to help Suffolk become one of the best places in the world to live, work, learn and succeed in business.

Bev Hurley CBE, YTKO CEO, said: “I’m delighted that YTKO will be building on our long history of supporting businesses in Suffolk. Across the UK, over 30,000 companies have benefited from our services to date, helping them solve challenges and seize new opportunities to grow their companies. Suffolk is a fantastic place to build a business, and we look forward to serving clients from across the county, from all sectors and backgrounds, to achieve their potential.”

And Anna Martin-Edwards, operations and development director for Groundwork East, added: “We’re thrilled to have been appointed to deliver this work. We pride ourselves on ensuring organisations understand their impact and are given the knowledge and support to reduce carbon emissions. This funding will enable our sustainability consultants to work closely with businesses across the county to determine and make real progress on their net zero goals.”

Businesses interested in accessing the support can find out more at New Anglia Growth Hub or call 0300 333 6536 and for the net zero business consultancy businesses can visit Carbon Charter or call 01473 350 370.