£20,000 grants for businesses relocating to Northamptonshire

Northamptonshire Enterprise Partnership and County Council launch funding initiative to boost local economy

Northamptonshire Enterprise Partnership (NEP) has joined Northamptonshire County Council in launching Locate, a new initiative devised to attract companies to the region.

Locate is offering small and medium UK and overseas businesses grants of up to £20,000 and a package of services and support to make the move.

Available to companies over a year old with turnover of 50m or less and fewer than 250 employees, the scheme is seeking fast-growth businesses, particularly in the technology sector, that are looking to expand or relocate by moving to  Northamptonshire.

The Council has provided £100,000 in backing for the pilot initiative with the aim of funding a minimum of five businesses.

In addition to grant funding, successful applicants will receive a year’s worth of mentoring from an NEP contact who will provide help with the property search, information on the local area, networking opportunities and recruitment support.

Forming part of a wider programme of activities designed to develop Northamptonshire’s economy and attract investors, the NEP will favour applications from businesses with a commitment to creating employment opportunities.

With Northamptonshire named as the Most Enterprising Place in Britain by the Department of Business, Innovation and Skills in 2012, NEP claims the city provides a ‘healthy mix’ of professional guidance and support in order for companies to pursue growth once they relocate.

NEP investment manager David Burrows commented on the launch: “Locate sends a clear message to potential investors: Northamptonshire is open for business.

“Locate gives Northamptonshire a competitive advantage in securing investment from inbound businesses based not only in the UK but also overseas.”

The scheme will run throughout 2013 and 2014 with the deadline for the first round of applications on July 31. To apply click here.

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