Nottinghamshire Economic Development Capital Fund: Supporting jobs and economic growth

May 2, 2014 12:18 pm

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The Nottinghamshire Economic Development Capital Fund was launched on 16th April 2014; £1m per year has been made available for the Capital Fund for the next three years to provide capital grants to businesses to help towards activities that will support jobs and economic growth.

This could be related to land or property development, equipment purchase, new machinery or other capital investments for expansion purposes. The applicant must be able to demonstrate how the investment will result in job growth.  Grants from £20,000 upwards are available. The maximum amount depends on rules about how much public money can be given to businesses, but it wouldn’t usually be more than about £170,000.

Over its lifetime, the fund aims to:

  • help 40 businesses
  • create 200 new jobs
  • safeguard 150 existing jobs
  • attract an additional £6 million of funding
  • improve 20 hectares of business sites.

To apply for funding, businesses and organisations will need to make an initial expression of interest by 23 May 2014. Further information and application forms are available on Nottinghamshire County Council’s dedicated website page.  Any questions about the fund and the qualifying criteria should be sent by email.  Relevant questions and responses will be published online to benefit other potential applicants.

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