Business and Innovation Projects. News - 06 August 2020

D2N2 Growth Hub to receive share of £20m grant to boost SME recovery

The D2N2 Growth Hub will receive a share of £20 million in grants to boost SME business recovery, it has been announced.

With the Government making funds available to benefit thousands of smaller businesses in England as they recover from the effects of the coronavirus pandemic, the D2N2 Growth Hub will administer the awarding of grants to businesses in Derby, Derbyshire, Nottingham, and Nottinghamshire.

Small and medium-sized businesses will have access to grants of between £1,000 – £5,000 to help them purchase new technology and other equipment as well as professional, legal, financial or other advice to help them get back on track.

The D2N2 Growth Hub is currently finalising the application process for these grants and will provide further information on the eligibility criteria as soon as it’s available.

Funding is being provided via the European Regional Development Fund.

Minister for Regional Growth and Local Government, Simon Clarke MP said: “We have always said that we would stand behind our businesses and communities as we rebuild following the coronavirus pandemic. This new funding does exactly that.”

“Businesses will be able to use these new grants to pay for the expertise, equipment and technology they need to adapt, recover and rebuild.”

“Small and medium-sized businesses are the beating heart of communities; they provide employment and contribute significantly to local economies and we are determined to give them the support they need to continue to thrive.”

D2N2 Growth Hub

The D2N2 Growth Hub, set up to boost competitiveness amongst SMEs in the Derbyshire and Nottinghamshire region, is part-funded by the European Regional Development Fund (ERDF) via D2N2.

As part of its remit, the organisation offers support to start-ups, growing businesses, and companies who are ready to scale up their operations.

The D2N2 Growth Hub has access to a variety of funding solutions for businesses and their business advisers will help guide SMEs to the best meet the needs of their business.

European Regional Development Fund

Keep up to date with all the latest news from D2N2 by signing up for our Newsletter.

Latest News & Events

19 July 2024

Local business support boosted with launch of Early Stage Angel Investment Fund

Read Article

21 June 2024

Spotlight on our Board: Scott Knowles, Chief Executive, East Midlands Chamber, on the D2N2 LEP transition and East Midlands devolution

Read Article

11 June 2024

The D2N2 LEP staff team joins the East Midlands Combined County Authority (EMCCA)

Read Article

07 June 2024

Becky Rix, Marketing Director at Roadgas, explains why Roadgas is a proud member of the East Midlands Hydrogen Consortium

Read Article

05 June 2024

Spotlight on our Board: D2N2 LEP Board Member Natasha Johnson, Director of Partnerships at Global Entrepreneurs UK

Read Article

05 June 2024

Free Expert Business Advice and Support available through East Midlands Chamber’s Accelerator Programme

Read Article

03 June 2024

Spotlight on our Board: D2N2 LEP Board Member Professor Edward Peck CBE, Vice-Chancellor and President, Nottingham Trent University

Read Article

24 May 2024

Focus on the East Midlands: our time is NOW!

Read Article

24 May 2024

D2N2 LEP CEO, Will Morlidge, shares our East Midlands Hydrogen ambitions at UKREiiF

Read Article

24 May 2024

East Midlands Freeport and Freeport East Sign Green Freight Corridor Initiative at UKREiiF

Read Article

Get in touch.

Subscribe to our newsletter

Sign up
Address

D2N2 Local Enterprise Partnership
8 Experian Way
Nottingham
Nottinghamshire
NG2 1EP

Social

Our Partners