There has been a period of consolidation in certain sectors of the media industry with the changing habits of readers and advertisers. Our client sought to restructure internally to enable greater efficiency of operations.
In undertaking the restructuring there was an opportunity to establish a new division in Wales, bringing new activities and employment. We supported our client to submit an application for Repayable Business Finance to secure the project for Wales.
Our client has been awarded £250k to support capital expenditure and the creation and safeguarding of jobs in Wales. The new business division will bring new activities in Wales and increase the importance of Wales within the sector.
For information, support or advice on applications for funding, please contact Mike Fenwick