Oldham attracted £20 million from Round 6 of the Single Regeneration Budget (SRB) to tackle deprivation in Werneth and Hollinwood, and parts of Failsworth and Chadderton. Spread over six years, from 2000 to 2006, the partnership programme is administered by the North West Development Agency, but delivered locally. It concentrates on eight social, economic and environmental themes and is expected to generate match funding of £55 million.
Grant Assistance is available to businesses located or intending to locate in the SRB area. These include wage subsidy paid to employers as an incentive to recruit local residents, help with improving business premises, an environmental efficiency scheme and a business start-up programme.
For more information use this link to the SRB 6 web site.