Watering Can symbolising growth

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Update on the future funding of Outset Torbay

As you may know, along with all other EU projects, our European Regional Development Fund co-financed provision will end on 30th June 2015 and despite all our best efforts and significant support from local councillors, funders and other partners, at this stage we haven’t been able to secure interim funding for our service until the new European tenders come out.

We are working hard to try and secure new funding when it becomes available later in the year, and we have good cause to be hopeful! You only need to take a look at our Success Stories page to see what great work we have been able to achieve thanks to you – our fantastic and dedicated clients!

The facts speak for themselves: more than 317 new businesses and over 350 new jobs have been created in Torbay with our support, and your businesses have already contributed more than £1.3 million gross valued added to our economy. What’s more, a recent independent evaluation of our service conservatively estimated that we have delivered more than three times the value of our original funding.

What’s next?

We are hopeful that we will be operating back at full speed in the future, but as of 30th June we won’t be able to continue our on the ground support. In the mean time, we would however urge you to all to sign up to Outset Online, our interactive online learning tool.
It offers all of the same great content from our workshops, as well as video tutorials, downloadable templates and resources, interactive quizzes and an online business plan builder – plus a network of other business owners and online advisors that you can connect with for support and advice. We are confident that this will be a really valuable resource for you all, and ensure you have support at hand over the next few months.

In addition, if you haven’t yet applied for a Start Up Loan, you can continue to do so via our national Outset Finance service and we urge you to contact them directly for support on 0800 3898 188 or visit the website.

Show your support

If you would like to support us in our efforts to secure new funding to guarantee the continuation of our service, we encourage you to send letters, statements or other forms of support to info@outsettorbay.co.uk or mail them to our office no later than 15th June. This will ensure we can combine all of these efforts to deliver the strongest possible message to key decision makers.

We are so proud of all of you, and grateful for the support you have shown our service over the last four years. So many of you have overcome huge barriers to start your own businesses and turn your lives around – we are truly inspired and uplifted by you every day – and hope that we can recommence our support in the near future.

Best wishes,
All of the team at Outset Torbay