An economic boost worth millions, scores of new jobs and hundreds of local job opportunities will be delivered thanks to funding awarded to dozens of businesses by Surrey County Council.
From vineyards and biotech to manufacturing and AI firms, a diverse range of organisations from all four corners of the county have been awarded grants in the first round of the Surrey Economic Growth Fund. The scheme, which is made up of a range of pooled funding streams including the government’s UK Shared Prosperity Fund and Rural England Prosperity Fund, was launched by Surrey County Council in April.
Following a highly competitive process, close to £2 million has been awarded to dozens of recipients, unlocking significant match funding and private investment. The successful bids are collectively estimated to grow Surrey’s economy by £9 million, create or safeguard 300 jobs and bring 1,350 residents into employment.
Among those receiving funding is Aero Sensor, a world-leading technology firm in Dunsfold Industrial Park in Cranleigh, led by a former F1 engineer Dr Barney Garrood. The cutting-edge company is one of only three companies globally developing new aerodynamic measurement probes for automotive and aerospace applications. The five-figure grant will support the creation of a new wind tunnel facility to test its designs, creating new highly skilled jobs in the process.
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