D2N2 secure £5m Regional Growth Fund to boost East Midlands business

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Businesses in Newark and Sherwood are being encouraged to act fast and apply for a share of a multi-million pound pot of funding set up to create long-term sustainable jobs.

D2N2 - the local enterprise partnership for Derby, Derbyshire, Nottingham and Nottinghamshire - secured £5m from the Government’s Regional Growth Fund, topped up further by the European Regional Development Fund, to help businesses grow.

D2N2 Board member Peter Gadsby, who chairs the UI4G Panel, is encouraging more local firms, who have been frustrated by limited access to finance opportunities, to access this significant grant funding to stimulate and accelerate their capacity expansion plans and take advantage of the improving economy.

He said: “If you are working with, or run a business in Derbyshire or Nottinghamshire with a capital investment project that will create long-term sustainable jobs but can’t quite raise the capital necessary to purchase the fixed assets required, then UI4G may be for you.”

The UI4G programme is managed by EMB Ltd on behalf of D2N2.

For more information or to view successful case studies, go to www.d2n2lep.org/UI4G, or call 01332 826366 or email UI4G@embltd.co.uk