Local business owners Richard and Amelia Mills have been successful applicants to the Isles of Scilly Voucher Scheme, enabling them to expand their watersports hire business.
The ERDF funding has supported them to purchase new Kayaks and SUP boards, a trailer and various other equipment to enable them in opening their brand new hire site based at Porthcressa, St Mary’s.
Due to the recent successful regeneration of the Porthcressa area and the close proximity to Hugh Town, Porthcressa is one of the busiest beaches on the islands, especially for daytrippers. The investment from the Voucher Scheme is expected to drive revenue and turnover to the business through supporting access to these markets, as well as creating additional jobs and providing an exciting new service to the area.
Business owner Richard Mills said; ‘For me, the voucher scheme has enabled me to kick start my venture a season earlier and launch into it full tilt, setting up with all new and high end equipment rather than slowly building up the venture. It gave me the opportunity to start fully equipped and took a degree of the risk out of setting up’.
Since receiving the funding, the trailer and new equipment have been purchased and have been available to hire from Porthcressa beachfront this past season.
‘While we haven't had the best first summer due to poor weather, the financial assistance the Voucher Scheme has given us has enabled me to carry on pushing through the season, whereas without the investment help I may have had to cut any losses earlier. The last couple of weeks of good weather have shown the business potential there is at this site and given us a good insight into the potential growth and successes
this project can achieve and I hope it will have in future seasons.’
Engagement Officer for the Voucher Scheme Kirsty Graham said; ‘this was an excellent project for us that made it easy to invest in. They are expanding their business and offering new services and employment to the islands. As a scheme we are actively seeking out these projects, big or small, that will create sustainable jobs, deliver business growth and look forward to being able to invest in their future successes. If you think you have a business growth or business start up project please do pop in and see us for a chat as we may be able to help'
The Voucher Scheme is delivered by the Isles of Scilly Council and is funded by the European Regional Development Fund (ERDF). It aims to support 80 businesses on the Isles of Scilly with growth projects, and create 17 jobs by 2018.
If you would like more details on how to apply for funding to grow your business visit www.iosvoucherscheme.co.uk or give the office a call on 01720 620132.