Unlocking Investment for Growth
East Midlands Business Ltd is managing the delivery of the Unlocking Investment For Growth programme on behalf of the Derby, Derbyshire, Nottingham & Nottinghamshire Local Enterprise Partnership. The programme is funded by £5 million from the government’s Regional Growth Fund, and hopes to unlock nearly £20 million in direct investment into local businesses and generate 200 job opportunities in 6 key sectors – Bio-science, Food & Drink, Construction, Transport Equipment Manufacture, Low Carbon and the Visitor Economy.
The programme will provide up to 25% grant funding in support of capital investment projects. Grant values start at £50,000, rising to £500,000 for exceptional projects.
Businesses must demonstrate that they have investigated and exhausted all other sources of finance, that no other public financial assistance is funding the project, jobs created are permanent full time equivalents not displacing others from elsewhere in the region and that the grant would enable one or more of the following to be achieved:
- Accelerate the implementation of the project
- Increase its scale or scope
- Increase the size or spend
- and that the project would not have taken place in the location concerned without the support of the programme.
For an informal discussion or further information about the application process please contact EMB Ltd on 01332 826400 or visit their website for further details.
The programme is open for applications from April 2013 to March 2015. Projects that have already commenced are not eligible for support.
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