East Lancashire Chamber of Commerce has competitively secured £8 million* from Round 6 of the Government’s Regional Growth Fund to stimulate enterprise across the County by providing grants to businesses with the potential for economic growth.

Announced by the Deputy Prime Minister Nick Clegg said,

“After decades of regional economies being neglected I set about investing directly in local businesses via the Regional Growth Fund. This investment has allowed regional businesses to be more ambitious than ever before and gone a long way in creating a stronger economy”.

Chief Executive Michael Damms said,

“This is excellent news and welcome recognition by Government of the value, capability and potential of Lancashire’s industry. It will allow eligible businesses with ambition to grow to unlock and bring forward investment in machinery and premises that will help create jobs and add to the nation’s wealth. Grants, typically ranging from £10k to £1m of up to 20% of total project costs will be available during 2015/16 and 2016/17” – from the Lancashire Business Growth Fund.

The Chambers have a strong history of partnership working, this programme being part of the wider Lancashire LEP strategy for encouraging private sector growth and complimenting business support packages available through local authorities and the Lancashire Business Growth Hub.

An international trade strand is included to support and provide expert advice on developing business overseas and to tap into global markets.

Mandy Lockett International Trade and Training Director said,

“The Chambers are a key focal point for international trade support and we welcome this opportunity to assist businesses in achieving their ambitions”.

* Subject to due diligence

ENDS

Notes to Editors:

  • Further information: East Lancashire Chamber of Commerce, Mandy Lockett 01254 35645, mobile 07974948091 [email protected]
  • About the Government’s Regional Growth Fund

The Government’s Regional Growth Fund (RGF) is a £3.2 billion fund designed to help companies in England to grow and deliver sustainable jobs. Businesses have now received £1 billion of RGF support delivering 100,000 jobs and £3 billion of private investment. For more information please go to www.bis.gov.uk/rgf