Creative Industries Growth Fund – opportunity for Barking & Dagenham residents

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DCP Presentation 25th Apr 2013 Open Day13

The London Borough of Barking & Dagenham is establishing a dedicated Creative Industries Growth Fund.  The fund is aimed at growing the creative industry sector within the borough and creating employment opportunities, work experience, training and apprenticeships for local residents.

Support to individuals starting up a business will also be a feature of the programme.  The fund is primarily for activity related to the creative industries sector. This fund aims to support creative industries while at the same time focusing on local employment and economic growth opportunities.

Capital funding will be made available through the Creative Industries Growth Fund to:-

  • Fund the initial capital start up costs for a creative industry business at The Icehouse Quarter (attached for space available www.thegranarybarking.co.uk)
  • Create employment and training opportunities for borough residents
  • Offer apprenticeship opportunities for young people
  • Offer support (mentoring) to small and medium size business in the creative industries sector

Funding of up to £50,000 is available for capital start up costs for a new creative industry.  The funds will take the form of an interest free loan repayable over an agreed term of no more than 3 years .

Studio space will be made available at the Icehouse Quarter. All other costs including running and staff costs are to be provided by the successful bidder. A business plan and repayment model should be submitted as part of the bid submission.


Expressions of Interest

If you think that this is a project that interests you please express your interest by email to mamta.toohey@lbbd.gov.uk 

The closing date for the return of completed submissions is 12 noon on Friday 20 September 2013

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