THIS summer, D2N2 discovered how successful it had been in bidding for the Local Growth Fund, the billion a year pot of Government money set up to help support Strategic Economic Plans for the 39 Local Enterprise Partnerships.
Support for the Strategic Economic Plan is crucial to the delivery of D2N2's long term economic ambitions, specifically its desire to help create 55,000 net new jobs by 2023.
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D2N2 estimates that by providing this additional funding, UI4G could actually unlock around of direct investment in businesses in Derby and Derbyshire, Nottingham and Nottinghamshire. What's more, this funding will support hundreds of new jobs.
Firms urged to use UI4G Nike Metcon Banned For Sale cash to turn their dreams into reality
There are a number of criteria that must be met for a successful application to the fund and competition is, of course, intense.
programme will provide a grant in support of capital investment projects with a minimum overall project value of In exceptional circumstances up to of grant funding is available for projects that can demonstrate real potential to create new jobs.
One of the most significant is a programme called Unlocking Investment For Growth known as UI4G which is supported by from the Government's Regional Growth Fund and million from the European Regional Development Fund.
who are ready to make substantial capital investments that will generate long term growth, but can't quite get their hands on all the money they need.
As these pages demonstrate, a number of businesses in the D2N2 area have already secured backing from UI4G and a number of other applications are currently being considered.
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