Businesses urged to cash in on
Businesses looking for financial backing to help them expand are being invited to bid into a £6m Nottinghamshire County Council growth fund, which re-opens from Monday 30 January.
The Nottinghamshire Economic Development Capital Fund (NEDCF), which aims to boost economic growth and job creation, will welcome new applications from small and medium sized businesses in the county.
The fund was first launched in April 2014. So far, it has:
- Provided £3.5m in funding to over 30 businesses
- Created 375 new jobs and safeguarded a further 400 jobs
- Levered in an additional £20.5m in other public or private funding
Around £2.5m of the fund still remains and applications are being invited for a new round of grants up until Monday 6 March 2017.
Types of projects the NEDCF could support include land or property developments for an individual company’s expansion and the purchasing of new equipment and machinery to support growth. For full details see: http://www.nottinghamshire.gov.uk/business-community/finance-funding-and-grants/nottinghamshire-economic-development-capital-fund