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New £5 million investment fund for the Heart of the South West

30th January, 2015
Businesses across Devon, Plymouth, Somerset and Torbay can now apply for grants of between £25,000 and £499,000 as part of the Unlocking Business Investment programme.

The programme aims to help businesses in the Heart of the South West area to grow and create employment by unlocking investment opportunities and developing new markets.

Funded through the Government’s Regional Growth Fund, the £5 million programme is being delivered as a partnership between North Devon+ and Plymouth University and is supported by the Heart of the South West Local Enterprise Partnership.

Rob Hetherington, Chief Executive of North Devon+, said: “This programme is designed to support businesses to grow and compete in new and expanding markets. Funding is available for a variety of capital schemes where businesses need some grant support to achieve their investment ambitions to create new and better jobs for our local economy.”

Chair of North Devon+ Andy Lobato said: “The Unlocking Business Investment fund provides an excellent vehicle to support both growth and employment throughout the Heart of the South West LEP area; it will build on the earlier work of Plymouth University, through the GAIN Growth Fund+.

“Businesses across Devon and Somerset have the opportunity to reach their full potential, where financial barriers have previously prevented this. With the combined experience and expertise of Plymouth University and North Devon+ Unlocking Business Investment will make a significant positive impact to businesses and the wider economy.” 
 
Businesses can now register and find more details at https://s3.plymouth.ac.uk/ubi/login.asp or via www.gaininbusiness.com
 
ENDS