First funds for Penzance businesses

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The Penzance Town Deal board has allocated the first round of Enterprise Funds to a broad range of businesses in the community.

The Town Deal Enterprise Grants support local businesses, providing capital grants to encourage both business start-ups and growth.

The selected businesses represent a cross-section of industries, including retail, hospitality, technology, and creative enterprises. Each recipient has demonstrated a commitment to the growth and development of the local economy, showcasing a determination for growing and enhancing their business in Penzance.

Amont the first wave of businesses granted their investment are:

  • Buttons & Bows was awarded £2,734 to carry out premises improvements to enable it to provide a better service to the town & outlying villages as well as purchasing equipment to improve business efficiency.
  • Fishboy PZ was awarded £7047.75 to improve the look of the premises and overall streetscape.
  • Barbican Bistro was awarded £23,043.23 for a project to create a bar area within the restaurant, opening to the public an area that was previously used for storage. This will add extra seating and make the most of the sea views of The Barbican Building. This family owned restaurant is making a name for itself with its small plates menu, and locally sourced, seasonal ingredients.
  • The popular Honey Pot café was awarded £49,400 to renovate the building and redesign the kitchen and restaurant to overcome current limitations which impact on capacity within the business. This will allow growth in the business and the creation of flexible spaces that can be used for other purposes including events and workshops.
  • Emily Nixon Jewellery was awarded £249,980 for the renovation of the derelict Union Club on Morrab Road. The building will house Emily Nixon Ltd, with the business moving to Penzance from Hayle, with another business being based on the ground floor. With workshops and offices, alongside a show room, this grant has allowed two popular and well-established business to move into Penzance, breathing new life into an empty building.

“We are delighted to see the Enterprise Funds being allocated to such deserving businesses that are integral to the fabric of Penzance,” said Sarah Shaw of the Penzance Town Fund. “These grants represent a crucial investment in our community’s future, fostering a resilient and vibrant local economy.”