PR and marketing support on offer as North Highland Regeneration Fund looks to boost Caithness and north Sutherland businesses
The North Highland Regeneration Fund is offering further help for business in the far north as part of a new support package.
It comes as businesses are struggling with increased costs for raw materials and for energy bills amid high inflation and growing interest rates.
The fund has to date provided £2.46 million of backing to several local companies across multiple sectors such as tourism, food and drink, business services and manufacturing.
Now, as well as affordable loans up to £50,000, the NHRF is offering public relations and marketing support to its existing client base to tackle the growing economic challenges.
Chairman Lord Thurso said: “The fund has always been more than just about giving out loans. It is clear businesses and entrepreneurs face turbulent headwinds and there will be obstacles to overcome.
“This enhanced offering is an opportunity for our clients to learn new skills, refresh old ones, and equip themselves with the tools that will give them the best chances of success.”
Thanks to a tie-up with communications firm 3x1 Group, businesses will be able to access media skills masterclasses, digital marketing expertise and bespoke strategic communications advice.
John McNamara, director and Nuclear Decommissioning Authority (NDA) representative, said: “There is a great pool of entrepreneurial talent in the area, and it is vital they can tell as many people as possible, both locally and nationally, what they offer.
“A buoyant business community benefits everyone.”
The fund, set up by the NDA as part of its socio-economic remit, is designed to help both start-up ventures and boost the growth of existing businesses. The NDA has a remit to help maintain dynamic, sustainable local economies for communities living near its sites.
It has money to lend to eligible businesses and is open to receiving applications that fit the criteria.
Loans of between £5000 and £50,000 are available to small to medium-sized enterprises and are aimed at helping increase employment in the area.
Reids of Caithness is one local firm which has benefitted from the support.
Business development director Tracy Reid said: “The support on offer is invaluable and in these challenging times for all businesses can help make a difference.
“I’d encourage people to get in touch, discuss what advice and training is available, and make the most of it.”
The NHRF is managed on a day-to-day basis by Caithness Chamber of Commerce.
Applicants must be in the Dounreay travel-to-work area, must have an appropriate commercial structure to which funding can be delivered (such as a limited company) and be able to demonstrate long-term viability and job growth and retention in the area.
An application form can be downloaded at www.nhrf.co.uk/publications but potential applicants are encouraged to contact the managing agent team on 01847 500103 or email enquiries@nhrf.co.uk to discuss before filling out the form.
