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Funding news - 03/02/2017

Notice of Upcoming Deadline for the Nottinghamshire Economic Development Capital Fund

The aim of the Nottinghamshire Economic Development Capital Fund is to stimulate economic activity and create new jobs.

The minimum amount of grant available is £20,000 to a maximum of £250,000.

The fund is primarily targeted at SMEs in Nottinghamshire. However, there may be projects form large companies which we would wish to consider but large companies must be located in an assisted area to apply.

In order to maximise the impact of the NEDCF resources, the Council is looking for applications which:

  • promote and are able to demonstrate resultant economic and job growth;
  • are located within the County of Nottinghamshire and demonstrably benefit Nottinghamshire businesses and residents;
  • demonstrate that the grant sought is the minimum required to secure the delivery of the project and achieve the stated outcomes;

The Fund offers capital finance only for both tangible and intangible assets.

The Council seeks to support investments in companies to enable the purchase of productive plant or machinery with a view to company growth. This may include expansion into new markets, the fulfilment of new orders, or diversification but must be for capital items. Investments should also enable improvements/expansion of premises or the development of new business premises, again with a focus on job growth and end users.

The closing date for Stage One applications is 6 March 2017. Applications received after this date will be held in reserve.

See the website for more details.

Source: nottinghamshire.gov.uk, 03/02/2017

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