Budding entrepreneurs in Wrexham are being encouraged to access support and funding opportunities in a bid to boost local economies.

Town Square Spaces Ltd (TownSq) is providing fully-funded coworking and business development packages worth up to £5,000, which includes a full-time workspace, event and meeting room access, admin support and specialist business mentorship including support programmes such as StartUp Club.

The support will also enable members to access the Town Centre Entrepreneurship Fund grant of up to £10,000, for people in Wrexham and Rhyl.

The comprehensive support can be accessed from Costigan’s Coworking in Rhyl or the Wrexham Enterprise Hub, where successful applicants will be able to base themselves as they build their business.

The scheme comes alongside the launch of the Town Centre Entrepreneurship Fund, which will see Business Wales invest £3m into Rhyl, Wrexham, Bangor and Colwyn Bay to encourage new businesses to get up and running and consider their local town centre as a base.

Community staff at the TownSq hubs can assist applicants in accessing the government funding as well as advise on and facilitate the exclusive packages available which seek to promote the growth of North Wales-based ventures.

Owain Colwell, Community Manager at Costigan’s Coworking, said: “It’s fantastic to get some support for North Wales businesses and this funding has the potential to make a huge difference, both to early-stage entrepreneurs who have recently started out and for the local communities who will both support them and feel the benefit of a rejuvenated town centre.

"We're seeing a lot of big high street chains going exclusively online and town centres have dwindled slightly as a result. However, this gives small businesses and entrepreneurs the perfect opportunity to reclaim their local high street and revitalise it, restoring that sense of community that characterises the British town centre."

The Business Wales funding will be available as a discretionary grant of between £2,500 and £10,000 per business to cover startup or relocation costs and applicants will be guided through the application process by a designated Business Advisor. Whilst applicants will need to meet certain criteria, there are no exclusions for having previously received financial support from government or local authorities.

For more information on how to access the support and grant, visit: thetownsquare.co.uk.