Funding boost for business

Embargoed to 0001 Monday October 25'File photo dated 25/03/10 of bank notes. Household spending fell at its fastest rate for nine months during October as consumers worried about job security, research indicated today. PRESS ASSOCIATION Photo. Issue date: Monday October 25, 2010. The fall in spending came as people also reported a rise in debt for the first time since the beginning of the year, as well as a moderate decline in their income levels, according to financial information group Markit. See PA story MONEY Spending. Photo credit should read: Gareth Fuller/PA Wire
Embargoed to 0001 Monday October 25'File photo dated 25/03/10 of bank notes. Household spending fell at its fastest rate for nine months during October as consumers worried about job security, research indicated today. PRESS ASSOCIATION Photo. Issue date: Monday October 25, 2010. The fall in spending came as people also reported a rise in debt for the first time since the beginning of the year, as well as a moderate decline in their income levels, according to financial information group Markit. See PA story MONEY Spending. Photo credit should read: Gareth Fuller/PA Wire
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Local businesses are being urged by Derbyshire County Council to make the most of a new £17.5 million pot of money which aims to help those with innovative ideas.

The new funding is coming to the three East Midlands Local Enterprise Partnerships, with a share for D2N2, the partnership for Derbyshire and Notts.

Coun Joan Dixon, cabinet member for jobs, economy and transport, said: “It’s crucial for our economy that we help local businesses to grow and develop and this funding will help businesses to do just that.”

“I would encourage businesses to take the opportunity to see if they could apply for some of this funding.”

The programme will provide financial support ranging from £25,000 to £500,000 to more than 100 existing businesses in the East Midlands who are looking to grow and invest in innovation.

It will provide additional funds for D2N2’s Unlocking Investment for Growth programme.

The funding is being provided by the European Regional Development Fund (£7 million) and from the Government’s Regional Growth Fund (£10.5 million).

For details, contact Danielle Gillett at EMB on 0116 2405200 or email danielle.gillett@embltd.co.uk