Over the last four months, more businesses have started up in Blaenau Gwent than 20 of the other local authority areas in Wales.
There is a feeling of renewed vigour in the area and support for starting a new business has never been better.
The BG Effect Fund has also helped establish the following professional start up services:
PiQ Laboratories based at the Innovation Centre in Ebbw Vale, are a specialist allergen and food authenticity testing service. Since receiving their grant approval in May 2018, PiQ Laboratories have progressed steadily to employ 7 members of staff, with plans to recruit for a part-time administrative post and junior scientist.
Bespoke Accounting Services Ltd based in Tredegar, offer a range of financial accounting solutions for businesses in Blaenau Gwent. Services include Annual Self-Assessment, Corporation Tax, Payroll, Management Accounts, Account System Implementation and Finance Director Services. Grant support assistance was provided with promotional material, website hosting and office furniture.
C.O.B.R.A Music applied for BG Effect Funding to assist in the start-up of a musical ensemble recording business based in Ebbw Vale. The business was finalist in the Wales Start up Award 2018 and benefited from funding to purchase duplication equipment and CD Printers. They have progressed to build a solid client base including Gwent Music, Christ College Brecon, Orpheus Tredegar, Tylorstown Band and local choir groups.
Community Fitness & Wellbeing Ltd in Brynmawr has also accessed BG Effect funding and has seen a huge increase in members who benefit from using a fitness facility in the town centre. The gym, which has been developing steadily in its first year of operation, has increased accessibility for the health and wellbeing of local residents and offers volunteer opportunities for members. The BG Effect grant assisted in the purchase of new gym equipment including kettle bells, dumbbell sets and a cable crossover system.