Who is investing £5 million in Stoke-on-Trent businesses?

Entrepreneur Mo Chaudry is investing £5 million of his personal funds into a new competition to support local businesses in Stoke-on-Trent.

What is the goal of Mo Chaudry's £5m investment scheme?

The scheme aims to create jobs and boost the long-term prosperity of Stoke-on-Trent by investing in local businesses.

How much funding can businesses receive from the Momentum Capital scheme?

Businesses selected for the scheme can receive up to £250,000, with the funding available for ventures at various stages of their lifespan.

Home / Business and Economy / £5m Fund to Ignite Local Businesses

£5m Fund to Ignite Local Businesses

4 Feb

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Summary

Entrepreneur Mo Chaudry invests £5m of personal funds.
Scheme aims to create jobs and boost Stoke-on-Trent's prosperity.
Up to £250,000 available for each selected business.

Entrepreneur Mo Chaudry is launching a significant investment competition, personally funding it with £5m to bolster local businesses in Stoke-on-Trent.

Chaudry, a long-term resident and former owner of Waterworld, aims to create jobs and enhance the city's economic future. His initiative is inspired by the industrial heritage of Stoke-on-Trent and figures like Josiah Wedgwood.

Businesses can receive up to £250,000 from Chaudry's organization, Momentum Capital. This funding is available to ventures at various stages, from start-ups to mature companies.