Capital Cardiff fund launched

A fund to help businesses in Cardiff safeguard and create new jobs has been officially launched by the Leader of Cardiff Council, Councillor Rodney Berman and Deputy Leader for Cardiff Council and Executive Member for Economic Development, Councillor Neil McEvoy.

The Capital Cardiff fund has been developed to support new and existing businesses and offers support through a range of financial assistance schemes including loans, grants and potential equity investments.

A number of companies who have already benefited from the fund where present at the launch, including VCOR - a software development company, who were given help to develop a new vehicle rental software system and T-Box Solutions Ltd, who were given a loan to enable them to fit-out and install new equipment at their units in Willowbrook Business Technology Park in St.Mellons.

Also present at the launch were partner organisations who have helped support the Capital Cardiff Fund including UK Steel Enterprise Ltd, Finance Wales, Fusion and Xenos.
Cllr McEvoy, said: "We all know that 2009 has been a difficult year in terms of the global recession but I am pleased that in Cardiff we have managed to buck the trend in terms of business development and employment opportunities.
"The St David's development in the heart of the city has seen the creation of 1000s of jobs and the Capital Cardiff Fund has helped to secure the future of businesses already established in the city." "In the current financial climate small businesses need all the help they can get, the work of the Council's Business and Investment Team is going along way to ensure companies in Cardiff have the support they need."

07/10/2009

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