News - 29 September 2016

D2N2 cities among the best in the country for SME Growth Prospects

Derby and Nottingham have been listed as two of the top 15 cities in the country for Small and Medium Enterprise (SME) growth prospects, in a new publication by national energy company nPower business.

The SME Growth Forecast Index for 2016 was written for nPower business by economic research consultancy Capital Economics earlier this month (September). It takes an overview of SMEs in the United Kingdom, looking at their recent performance and prospects for future growth. In a list of the top 15 cities for SME growth prospects, both the cities Nottingham and Derby have been featured (Nottingham 7th, Derby 11th).

D2N2 is the Local Enterprise Partnership (LEP) for Derby, Derbyshire, Nottingham and Nottinghamshire and works with a wide variety of businesses, skills and training providers, community and voluntary sector organisations and local authorities to build and shape its areas economy and infrastructure, with the aim of creating 55,000 new jobs in ten years. D2N2 has also created the D2N2 Growth Hub, a free and impartial business support and advice service, to help SMEs and Micro-Businesses with aspirations for growth. To date, the D2N2 Growth Hub has handled over 2,000 enquiries since its setup in December 2014.

D2N2 also ran an Unlocking Investment for Growth (UI4G) programme, in which it invited its areas SMEs to apply for funding to help with expansion projects. This has now been fully committed, but it is estimated that UI4G will have eventually inspired business owners in the D2N2 area to invest over £20m, alongside the grant support received, to grow their businesses. Grants already approved are expected to eventually create more than 400 new jobs, around double what had been estimated at the programme’s beginning.

The SME Growth Forecast Report 2016 also shows that:

  • SMEs account for more than 99 per cent of private sector businesses in the United Kingdom and provide employment for 16.8 million people
  • SMEs are responsible for over half of Britain’s economic activity and generate £0.9 trillion of value added each year
  • SMEs have been crucial for recent record high levels of employment in the United Kingdom, accounting for almost four-fifths of the increase in private sector employment since 2010
  • Factors such as access to a skilled workforce, good broadband and transport connectivity, and policy support from government affect the success of SMEs in cities across the country.

For more information on the SME Growth Forecast Report, and to read a copy, click here

For more information on the work of the D2N2 LEP generally, click here

For more information about the D2N2 Growth Hub, and to get in touch, click here

For More Information on the above release, please contact:

Sean Kirby

D2N2 Communications Manager

01159 578749

 D2N2 logo CMYK

Sam Burbage

D2N2 Social Media and Marketing Officer

01159 578254

Find us on:


Latest News & Events

29 September 2023

East Midlands Hydrogen Launch Event video published

Read Article

27 September 2023

Ratio Technology Transforms Bike Component Manufacturing with Made Smarter Support

Read Article

22 September 2023

D2N2 leads highly successful launch of East Midlands Hydrogen

Read Article

21 September 2023

D2N2 CEO Will Morlidge shares his thoughts on East Midlands Hydrogen

Read Article

19 September 2023

Spotlight on our D2N2 Enterprise Advisers: meet Anna Smith, Enterprise Adviser, Da Vinci Academy, Derby

Read Article

14 September 2023

Spotlight on our D2N2 Enterprise Advisers: meet Amanda Stevenson-Bate, Enterprise Adviser, Derby Moor Spencer Academy, Derby

Read Article

07 September 2023

D2N2 Cornerstone Employers discuss the Social Value Act and the importance of supporting local schools in new film

Read Article

06 September 2023

Former ‘Megawatt Valley’ to metamorphose into hydrogen heartland with the launch of East Midlands Hydrogen – the UK’s largest inland hydrogen cluster

Read Article

05 September 2023

Derby Museums publishes report revealing the impressive social impact of the Museum of Making capital project

Read Article

31 August 2023

D2N2 is seeking delivery partners for Wave 5 of Skills Bootcamps in Digital and Green Skills

Read Article

Get in touch.

Subscribe to get our latest updates.

Sign up

D2N2 Local Enterprise Partnership
8 Experian Way


Our Partners