East of England redundancy fund gets £2.8m boost
A fund to help people facing redundancy to retrain, learn new skills and find jobs has received a boost.
The East of England Development Agency (EEDA) has been awarded £2.8m in European Social Funds (ESF) for its response to redundancy programme.
The project has already given support to more than 10,000 people across Bedfordshire, Cambridgeshire, Essex, Hertfordshire, Norfolk and Suffolk.
More than 6,700 people have found new jobs within 13 weeks of redundancy.
Deborah Cadman, chief executive at EEDA, said: "The programme targets those small companies and supply chains that lack the financial reserves to fully support individuals facing redundancy.
"With new investment from the ESF, we expect a further 8,000 people to receive the help they need over the next year."
The contract will be managed on behalf of EEDA by The Consultancy Home Counties (TCHC), a specialist company in business and workforce development.
Dale Morgan, chief executive, said: "It is important for people to know in these difficult times that thanks to EEDA's foresight, there is good help, advice and funding available."