Short-term help worth almost
£2 million has been given to companies in Coventry and Warwickshire
hit by the Rover crisis.
And firms that were threatened
with the loss of huge orders are continuing to work together to
discuss issues that affect their trade.
A dedicated team working at
Coventry and Warwickshire Chamber managed to secure the funding for
firms in the supply chain hit by the crisis.
The package of aid was
available for businesses that had at least 20 per cent of turnover
coming from the Rover Group.
It allowed for help with
re-training, wage replacement and capital expenditure of up to £60,000
Now the Phoenix Consortium has
successfully bought Rover, saving thousands of jobs, the amount of
government aid is being wound down.
But any money from the
original £12 million made available by Trade and Industry Secretary
Stephen Byers will be used in the medium term to help companies
modernise and diversify.
Project leader Eddie Marston
“This was an immediate
problem facing hundreds of companies and thousands of families and
it was important that we secured help for these people quickly.”
An initial meeting to
establish a supply chain network will be held at the Oak Tree
Conference Centre at the Binley Business Park, Harry Weston Road,
Coventry on 27 June at 6pm.
Companies that want to join
together to be part of this group should book a place by calling Val
large on 024 7665 4101.
There is also a discussion of
issues surrounding Rover at The Chamber’s website www.the-chamber.co.uk