Partly Cloudy

Partly Cloudy

max temp: 18°C

min temp: 15°C

ESTD 1874 Search

The pigs have arrived. See the latest

Pigs Gone Wild

news here.

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

15:08 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.

1 comment

  • This 'Growth' fund is fundamentally flawed !, it is not supply that is needed, it is for this so called government to change its policies to Stimulate' DEMAND !, unfortunately they are doing exactly the opposite ! But as we all know all the 'posh boys' are interested in is their returns from their portfolio of shares bought with their inherited wealth !!

    Report this comment

    freedomf

    Sunday, January 20, 2013

Metin Ozer, from Mr Chippys Fish and Seafood Restaurant, Simone McLean, from S&S Caribbean Cafe, Sharalyne Monk, from Zebra News, Jessica Schomberg, from Jes, Izabela Serwin, from Cardamon Cafe, and April Moodie, from Music Warehouse, are angry how a trade is being affected due to a portion of St John's Street in Colchester is blocked due to sewer repairs.

Businesses say they have been left counting the cost and struggling for survival after a collapsed sewer has closed a Colchester town centre road for six weeks.

Bernard Matthews is up for sale. Image: Bernard Matthews

Union Unite said it was a “worrying time” for Bernard Matthews employees, who were awaiting news of a possible sale of the company.

The main terminal building at Stansted Airport

The owner of Stansted Airport has called on the Government to prioritise schemes to make best use of the UK’s existing airport capacity, after a decision on building a new runway in the South-East was again postponed.

Angela Saunders who was refused alcohol in Tescos beacause her 15 year old daughter was with her.

A single mother has vowed to boycott a Suffolk supermarket after being “humiliated” by staff refusing to serve her alcohol because she was with her teenage daughter.

Jenny Hill, systerms and administration manager at TA Hotel Collection, receives her Managing Director's Award from Grahame Tinnion, right, manager director of TA Hotel Collection, and Simon turner of award spnsor Sumaridge Estate Wines.

Suffolk-based hotels group TA Hotel Collection has announced the winners of its 2016 team awards during a celebratory evening held at its Thorpeness Country Club venue near Aldeburgh.

HOT JOBS

Show Job Lists

Most read

Most commented

Topic pages

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

Great British Life

Great British Life
MyDate24 MyPhotos24