The Isle of Wight Council's Director of Economy and Environment will attend a meeting with the Isle of Wight Technology Group to discuss opportunities for local businesses on the Island.
The Technology Group is made up from Island based Electronics and Engineering companies.
The Group was set up by the Island's MP, Andrew Turner, to raise the profile of the Island businesses and the challenges they face, such as recruitment and expansion.
We have innovative companies here on the Island, many of whom experience very similar issues. Funding is often a barrier to growth which is why I felt it would be helpful to get Stuart Love along to talk about the funding that is available through the Local Enterprise Partnership, and how businesses can access this."
The leader of Hastings Borough Council has said the planned reduction in the council's central government funding is 'close to our worst case scenario'. Hastings is due to have it's budget slashed by 14%. The average cut to other authorities in the south is 1.7%
“This is certainly close to our worst case scenario in terms of budget planning. Overall we have experienced a 50% reduction in government finance to run the council since 2010.
“I obviously hope our record will make us eligible for the new efficiency grant. After all we have restructured the council, including dispensing with the post of chief executive, we have signed a joint waste contract with other East Sussex councils and a joint parks and gardens contract and the two will save us £1 million a year."
Hastings Borough Council will receive the largest reduction in central government funding of any council in the south east. Hastings' pot of money will reduce in size by 14% - far more than the average of 1.7% for other authorities.