May 2014: News that the Greater London Authority has approved funding, through the European Development Regeneration Fund (ERDF) to award “£525,000 to LB Enfield for the Retrofit London project, to deliver business support to Small and Medium Enterprises in London”.
The approval document sets out that “The ‘Retrofit London’ project is led by LB Enfield, working in partnership with LB Haringey, LB Waltham Forest, LB Lewisham, Enterprise Enfield (EE) and North London Chamber of Commerce (NLCofC).
Retrofit London aims to support 175 SMEs based in Enfield, Haringey, Waltham Forest and Lewisham, to access new market opportunities, particularly market opportunities driven by the carbon reduction and energy saving agenda.“
The approval document also provides some background to the ERDF and sets out that the total project cost is £1.05m as a result of match funding from the partners involved:
LB Enfield (Procurement team): £42,000
Enfield Council: £130,405
LB Haringey: £100,000
LB Lewisham: £75,000
LB Waltham Forest (Procurement team):£42,000
LB Waltham Forest (Economic Development team): £38,000
North London Chamber of Commerce: £47,595
Enterprise Enfield: £50,000
A tender was issued for a Project Manager for the programme, the deadline for which was earlier this week. The project is to set to run until December 2015.
It’s good to see money being used for helping SMEs to thrive. A little help at the start is often all that’s needed to build a sucessful concern.