£720,000 LEP boost will help create 240 jobs
A project to transform a dilapidated four-hectare site in Telford into a state of the art industrial facility could provide up to 240 jobs, starting with those in construction – thanks to £720,000 of financing from the Marches Local Enterprise Partnership.
In the first deal of its kind in the region, the LEP’s pioneering Marches Investment Fund (MIF) has provided the loan to Mold-based developer, Dicentra, so that the former Brintons carpet factory on Halesfield, can be brought back into productive economic use.
Paul Hinkins, Deputy Chair of the Marches LEP and Chair of the Telford Business Board (pictured above with Gerry Jewson, Dicentra director), said the loan was the first to be made to the private sector from the fund, which has more than £4 million available to support projects. Full story