Government funding allows the D2N2's Growing Places Fund (GPF) to invest in kick-starting ‘stalled’ developments, bringing business growth and creating jobs.
GPF loan funding helps businesses by providing rapid capital investment in local infrastructure and tackling site constraints.
GPF is a sustainable fund so over time the loan is paid back so that it can help further companies invest in their economic growth.
D2N2 has previously run three GPF funding rounds (in 2012, 2013, and early 2016) which have led to the approval of 13 loans worth a total of over £16million.
Major capital projects which benefited included the MediCity site in Nottingham and Derby’s Castleward housing and commercial development.
Note: The current scheme is under review and further updates will be provided in due course.