New scheme offers small firms grants of up to £50,000

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Small businesses in Derbyshire could benefit from grants of up to £50,000 as part of a £3m drive to protect and create jobs.

Derbyshire Economic Partnership – backed by Derbyshire County Council – has been provisionally awarded the cash from the Government’s Regional Growth Fund.

On Tuesday, September 10, members of the county council’s cabinet are due to consider a recommendation that the authority pledges £70,000 towards administration costs of the scheme.

If the recommendation is approved, the new “Global Derbyshire Small Business Support Programme” would launch in November. The project aims to create a minimum of 200 new jobs, safeguard at least 48 more, and attract £4m of private sector investment in the county.

Councillor Joan Dixon, Derbyshire County Council Cabinet Member for Jobs, Economy and Transport, said: “Building a strong economy that creates jobs, grows businesses and provides a future for the young people of Derbyshire is a firm commitment. Small businesses are the lifeblood of the Derbyshire economy and we need to support them to flourish.

“The Global Derbyshire scheme would support creativity and provide a vital source of funding to allow businesses to expand and seek new markets both at home and internationally.”

Grants will focus on support for start-up businesses,

business innovation and development, companies helping deliver the aims of Digital Derbyshire and export promotion.