Notts fund for growth reopens for bids

January 8, 2015 1:22 pm

Nottinghamshire County Council Logo

A £3m fund which aims to stimulate economic growth and create jobs across Nottinghamshire will reopen for bids from the 7th January 2015.

The Nottinghamshire Economic Development Capital Fund (NEDCF) was launched in April 2014 and about £1.5m has been provisionally allocated to companies across the region to finance expansion.

A total of 13 businesses are being assessed, with five approved for grants between £44,000 and £240,000. The approved companies are expected to create a total of 50 jobs with the funding, safeguarding a further 230 roles.

NEDCF will now reopen for bids indefinitely until the remaining £1.5m has been allocated.

Diana Meale, chairman of the economic development committee at Nottinghamshire County Council, which created and oversees the fund, said: “Creating jobs and growth in Nottinghamshire is a priority for the County Council, so I am delighted that NEDCF has made such an encouraging start.

“With half the Fund still to be allocated, I am keen to offer every encouragement to expanding businesses across Nottinghamshire to seize this opportunity and apply.”

“We are backing local enterprise and I hope businesses and other organisations continue to embrace the opportunity for them and the Nottinghamshire economy to grow and prosper together.”

For guidance on applying for the growth fund please visit the Nottinghamshire County Council website.

Categorised in: , ,


Subscribe to our newsletter

Sign up to receive useful facts and information on finance and grants, business, property and skills (* indicates required field)




Upcoming Events


Midlands Engine market visit: TRAKO international railway fair

The second largest rail show in Europe with more than 15,000 visitors and 600 exhibitors in 20,000 sqm of exhibition space. The exhibition brings together all elements of the rail industry from passenger rail, light rail and freight, as well as infrastructure with industry attendance and participation from across the board.


EMCC: Debt recovery protocol

The new Pre-action Protocol will apply to any business (including sole traders and public bodies) claiming payment of a debt from an individual (including a sole trader). Effective from 1 October, find out how it will affect your business at this FREE event.

See More >