Up to £2m available for D2N2 area businesses keen to grow

January 12, 2016 11:46 am

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Up to £2million in funding could be loaned to businesses looking to grow and create more jobs, as part of a D2N2 Local Enterprise Partnership opportunity launched to boost the economy.

D2N2 – a private sector-led partnership of business, local authorities, skills and training providers, community organisations and others which promotes economic growth across Derby, Derbyshire, Nottingham and Nottinghamshire – is inviting applications to its Growing Places Fund (GPF).

GPF enables businesses and public sector organisations (for example, local authorities) to apply for loans to kick-start stalled capital developments or expansion plans, which will directly grow the economy and create jobs.

D2N2 has previously run two GPF funding rounds, approving 13 loans worth a total of £16.6m. Major capital projects which have benefited include Derby City’s Castleward housing and commercial development, and the MediCity Enterprise Zone site in Nottingham.

Now further opportunities to apply for a Growing Places Fund loan, to support additional capital projects, are being made available by the D2N2 LEP.

Loans to individual companies or organisations will be between £200,000 and a maximum of £2million, and must be to finance capital (building) to help further businesses.

Funded projects must be located within D2N2’s area; covered by the administrative boundaries of Derby City, Derbyshire County, Nottingham City and Nottinghamshire County councils.

Further details are available on the D2N2 LEP website.

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