Business start-ups in Rotherham have got a boost from UK Steel Enterprise.
The Tata Steel subsidiary, which funds new and emerging businesses in steel areas, is putting £25,000 into a new ‘Kickstart Fund,’ including £15,000 for entrepreneurs who are under 30.
The Kickstart Fund provides grants of up to £500 to start-up businesses to purchase essential equipment and or services that can get them trading.
UK Steel Enterprise also invests sums ranging from £25,000 to £750,000 in more established companies in South Yorkshire and other steel areas.
Regional manager Keith Williams said: “Our experience of supporting new-start businesses in Rotherham shows that relatively small sums of funding can make all the difference when it comes to starting up. We’ve helped over 200 people start a business in Rotherham since 2009 and this new fund should mean even more new businesses launching and becoming sustainable.”
Previous recipients of Kickstart funding include Rotherham reptile enthusiast Ben Taylor, who launched TVT Vivariums in March, producing bespoke living spaces for reptiles.
Ben, 30, used a £500 grant from the Kickstart Fund to buy specialist tools and stock and has been given the opportunity to take a unit at Rotherham Investment and Development Office’s Century Business Centre at Manvers rent free for six months.
“The funding I got from UK Steel made all the difference to me starting the new business,” said Ben. “Instead of using my old DIY kit to make the made-to-order vivariums, I now have a professional set – it makes a difference.”