Rain

Rain

max temp: 26°C

min temp: 17°C

ESTD 1874 Search

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.

shares

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.

shares

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

Candy Gaga'’s Wanda Hewell, right, and daughter, Cherish.

Tower Ramparts in Ipswich now has its very own castle – thanks to the success of a local sweet shop business.

Stansted Airport

A report into the future of Britain’s airports does not rule out a second runway at Stansted – and raises fears of extra night flights to the Essex airport.

Greene King chief executive Rooney Anand.

Pubs and brewing group Greene King today posted another year of record revenues, with sales within its key Retail division topping £1billion for the first time.

Suffolk Coastal considers convenience store bid

Planning chiefs have responded to concerns about noise and antisocial behaviour arising from proposals for a new convenience store in Kesgrave by insisting on closing times being brought forward an hour and the installation of a barrier to restrict overnight parking.

Growth in manufacturing eased last month  to its slowest level in two years.

Britain’s manufacturing sector grew at its slowest pace in more than two years last month, impacted by subdued demand from Europe.

Speedy Hire
 has warned that its results for this year will come in

Tool rental business Speedy Hire saw nearly a third of its stock market value wiped off after it announced the shock departure of its chief executive and warned over a major blow to full year profits.

Tim Dunford, managing director and master brewer at the Green Jack Brewery, third from left, with Beer for Summer judges Mark Dorber, left, and Charlie McVeigh of The Draft House, right, and Peter Gordon, on trade director of Budweiser Budvar.

A Suffolk brewing company is celebrating after winning a new national “Beer for Summer” competition.

The Bishop Of Ely, the Rt Rev Stephen Conway, centre, at the hospice site dedication in Cambridge with Mark Hart, construction director at Barnes Construction, right,  and Stuart Evans, chair of the trustees of the Arthur Rank Hospice Charity.
Photo: Paul Nixon Photography

An act of dedication has taken place to mark the start of contruction work on a new £10.5million hospice in Cambridge, which is being built by Ipswich-based Barnes Construction.

Ian Carr, chief executive of Prettys

Regional law firm Prettys has reported a 13% increase in revenue for the year to April 30.

Oliver Crichton and Ruth Sunaway of Birketts.

East Anglian law firm Birketts has announced the promotion of five senior associates to partner status across its four offices, including Oliver Crichton and Ruth Sunaway in Ipswich.

Most read

Most commented

Topic pages