Another funding boost to help local business
Cessnock City Council has been allocated $15,000 towards a $30,000 Business Capability Study under the Australian Government’s Building Better Regions Fund (BBRF) Community Investment Stream.
This funding boost was the result of a successful application to the BBRF and Council will now be able to expand the program to ensure more businesses are engaged.
The Business Capability Study will determine how many businesses operate within our region, their size, employment capacity, export and import status, ICT take up, and also identify opportunities and barriers to doing business or driving investment within the region.
The data provided in the Study will be extensive and will enable the economic development team to contact businesses with ongoing opportunities and industry capacity building under the Advance Cessnock City partnership. Council will be able to use this data to develop targeted business programs in the attraction of major capital investment and also to inform strategic projects.
The Business Capability Study will nicely complement the $30,000 Skills Audit and Business Jobs Portal which is currently being implemented. This was also made possible with successful funding under the BBRF Community Investment Stream in 2017.
Cessnock City Mayor, Councillor Bob Pynsent welcomed the funding announcement and is looking forward to seeing the results of the study.
“For successful economic development to occur, it is absolutely critical that there is a comprehensive understanding of industry and businesses, along with their capacity and needs, which this study will provide,” said Cr Pynsent.
“By taking a strategic leadership role, we will be able to facilitate outcomes that will stimulate enterprise, investment, job creation, resilience and an environment conducive to business. It is a credit to the economic development team who continue to excel in these initiatives.” added Cr Pynsent.
The project is expected to kick off in October 2018 and be completed by June 2019.
For more information on about the Business Capability Study, Skills Audit or Advance Cessnock City, visit www.advancecessnock.com.au or call Jane Holdsworth on 4993 4257.7/9/2018