LEDCOM’s support sees local job creation almost double last year
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Larne and Ballyclare business enterprise centre, LEDCOM has recently published its annual report revealing its support have helped 410 jobs across the Mid and East Antrim and the Antrim and Newtownabbey Borough Council areas.
This sees an 193% increase on job creation/safeguarded on the previous year’s results.
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Hide AdThe Antrim and Newtownabbey Borough saw 117 jobs created whereas Mid and East Antrim benefitted from 93 jobs. The report, for the year ending September 30 2022, also concluded that the employment created would have an economic impact of approximately £12.2m and a gross added value of £1.1m to the region.
The Enterprise Centre has also been encouraging entrepreneurship and community economic develop for 37 years.
It offers a range of support and activities, from training unemployed people to assisting local start-ups by providing workspaces, support with business planning and development, and through mentoring schemes. In 2021/22 it worked with around 250 businesses and start-ups, with some 750 individuals accessing some of the many facilities and opportunities made available by LEDCOM.
The success of 2021-22 builds on the positive results of the previous year, when 212 jobs were created with a £10 million boost to the economy.
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Hide AdDr Norman Apsley OBE, chairman of LEDCOM, said: “We are delighted that LEDCOM has been able to build on the results of the previous year so successfully. It demonstrates the positive impact that this business enterprise has had in boosting economic regeneration in our region. Our focus is on inspiring and supporting individuals and companies locally, sharing our time and experience to help the economic growth of the community.
“As part of that we have a wide range of business programmes, covering inspiration, start-up, scale-up and mentorship, all of which are geared towards assisting start-ups and entrepreneurs and these figures, 410 jobs created with an economic impact of over £12M illustrate just how important these initiatives are.”
With a portfolio of managed workspace across the council areas, tenancy occupancy levels continued to perform well at Bank Road Business Park, Willow Business Park at 77% ,the Work Cube and Foundry House in Ballyclare, a new and ongoing project continues to improve and grow in line with the charitable objectives.
Ken Nelson MBE, LEDCOM’s chief executive continued: “We are very fortunate to have so many tenants who run excellent businesses across various sectors, each one contributing to the local economy. We have continued to work effectively in partnership with local councils, and other Enterprise NI members. This year’s report is strong and should be welcomed. I’d like to thank all of the team for their hard work during the year and one such example can be proven via the social output value. It is over £100k and has to be applauded. This includes staff time, pro bono use of the conference facilities, incubation support and the Board’s voluntary time.
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Hide Ad“I’m exceptionally proud of this small organisation and its large and valuable output to the local economy.”
At this year’s annual business networking lunch, LEDCOM was delighted to be joined by Richard Kennedy, chair of InterTradeIreland as keynote speaker as well as Jenny Ervine, of Raise Ventures and Kilwaughter Minerals Ltd.