Chloe Smith, MP for North Norwich. Photo: Bill Smith
Norwich MP welcomes £3m for business growth grants
Friday, October 19, 2012
12:10 PM
A £3m grant to create a regional growth fund has been welcomed by a Norwich MP.
Chloe Smith, the member for Norwich North, previously backed New Anglia LEP’s bid for the funds by writing to Lord Heseltine in support.
The New Anglia Business Growth Fund will create around 500 jobs by offering business growth grants of between £25,000 and £100,000 to SMEs in Norwich, Ipswich, Great Yarmouth and Waveney.
They will be targeted at five growth sectors – advanced manufacturing, energy, ICT, life sciences, and digital creative – but no sectors will be excluded.
Grants, allocated by a panel, will fund up to 20pc of the value of the expansion project.
Miss Smith said: “People can benefit from help to go ahead in business projects without being so dependent on banks, and with every chance to grow and take people on in jobs.
“I think the Local Enterprise Partnership has shown its worth in being able to win this competition for Norwich.”
Other News Articles
- Police help talk woman down in Norwich car park drama
- MPs make their Norfolk is... choices
- Greater Anglia sees improvement in passenger satisfaction - what do you think?
- Pinebanks plans approved as 900 new homes for Thorpe St Andrew get thumbs-up from councillors
- Residents angry as “lifeline” coffee shops are taken away from 14 Norfolk care at home complexes
- Norwich pub set for £170k makeover
- Swimming instructor’s anger at cuts to Norfolk Adult Education Service courses
- Mustard video: We meet the lunch club volunteers honoured in Queen’s Birthday Honours
- Insurance industry could save £750m a year with Norwich firm’s portal
- East of England: MPs to debate ambulance service
ADVERTISEMENT
2 comments
More local bandwagoneering from an MP whose government is doing nothing to force banks hoarding QE cash to give credit for start-up and hard-up businesses.
Report this comment
PaddyNR1
Saturday, October 20, 2012
Shes having a laugh Its peanuts in terms of what is needed and as usual like Regional dev Agencies will do nothing for new innovation
Report this comment
No to tory boy
Friday, October 19, 2012