Businesses with over 5 employees in the North West, can still benefit from the NWDA funding for coaching / training to a value of £1,000 per person.
Although worth noting that the funding structure was changed at the end of December 2009, for future review at the end of Q1/2010. Currently only one person per business (typically the Owner / Director / Senior Manager) can access the first level of funding. Which still allows these people to gain the full £1,000 for training or business coaching / mentoring.
This is based on the first £500 of the training being fully funded, then the next £1,000 of spend being match funded (50%).
For example, training or coaching programme costing £1,000, could be funded by £750 via NWDA and £250 by the Business.
Or a £1,500 programme could be funded by £1,000 via NWDA and £500 by the Business.
As a general rule of thumb you will need to have over 5 employees and based in the North West (Chester and Ellesmere Port eligible postcodes are CH1, CH2, CH3, CH4, CH64, CH65, CH66) and not accessed this funding to date.
When you are reviewing your training in 2010, it is highly recommended you look into this as an option to support your personal, senior management team and business growth.
We are hoping in April 2010, this offer will be extended for Businesses who have accessed this first stage funding for additional 5-6 employees in the same business to be eligible for this funding. So worth getting the process of accessing the funding in progress sooner rather than later.
Remember that this funding can also be used for Coaching in your business (maybe for development of business plans, sales or leadership development) and Higher Education (on a match funding bases only).
If you want to discuss how Profile Solutions can support in delivery of your training or business coaching needs, as well as accessing the funding in areas such as Leadership Development, Interpersonal Development, Change Management, Customer Excellence or PRINCE2®, please give me a call direct on 07977 090 767 or the office on 0845 838 6748.
Warm regards, Steve
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