Sunny

Sunny

max temp: 17°C

min temp: 13°C

Search

Ipswich/Waveney: New Anglia LEP seeks cash to extend its Growing Business Fund

PUBLISHED: 15:08 18 January 2013 | UPDATED: 15:25 18 January 2013

New Anglia LEP programme director Chris Starkie

New Anglia LEP programme director Chris Starkie

Archant Norfolk Photographic © 2011

BUSINESS leaders in Suffolk and Norfolk are hoping to extend a scheme which offers small and medium-sized firms grants of up to £100,000, with the scheme having attracted huge interest ahead of its launch.

The New Anglia Local Enterprise Partnership won £3million from round three of the Government’s Regional Growth Fund (RGF) last year to set up the grant scheme.

It is not due to be launched officially until March this year, offering investment grants of between £25,000 and £100,000 to small and medium sized businesses.

However, New Anglia reports that interest in the scheme already suggests the initial £3m will be handed out quickly.

As a result, the LEP is planning to apply for further money from round four of the RGF to boost the number of grants they can give to firms in the region.

New Anglia programme director Chris Starkie said: “We have made excellent progress with government in getting formal approval for our Growing Business Fund which is being set up with £3m from the Regional Growth Fund.

“This fund will offer grants for businesses looking to expand in Norwich, Ipswich, Great Yarmouth and Waveney.

“The project is about to go through formal due diligence with the Department for Business, Innovation and Skills and we are on track to have the scheme up and running by mid-March.”

The Government announced earlier this week that it would provide an extra £350m for round four of the RGF, raising he total amount to be paid out through the initiative to £2.6billion.

Deputy Prime Minister Nick Clegg said the RGF was already proving “a shrewd investment” in terms of jobs and growth.

Search hundreds of local jobs at Jobs24

Long-running strikes by workers on Britain’s rail network have helped push industrial action in the UK’s private sector to its highest level for more than 10 years, according to research.

ABP Ipswich has been recognised for its work in reducing the amount of road traffic leaving the town’s port.

Five pieces of lifesaving equipment have been installed in shops across Suffolk, thanks to money raised from the 5p carrier bag charge.

North Essex furniture skate manufacturer Evo Supplies Ltd is celebrating two recent national accolades.

Uber will no longer run services in London after September 30 following the city’s transport authority’s decision not to renew its private hire operator licence.

Management Jobs

Show Job Lists

Most read

Topic pages

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24