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Boost for Erewash Manufacturing

Erewash manufacturing businesses are encouraged to apply for Erewash Borough Council’s new Research and Development (R&D) Grant Scheme, starting later this month.

The scheme is one of a number of projects being rolled out by the council over the next two years following a successful bid to the Government’s Shared Prosperity Fund.

The new R&D grants are designed to support local small and medium enterprises in developing and piloting new products or services to help improve their businesses. Erewash based businesses are able to apply for grants from £5,000 up to £20,000 and are required  to provide 33% of match-funding for the projects. Further information about the grants will be available soon on the council website.  

Councillor Michael Powell, Lead Member for Regeneration and Planning, says:

“This is an excellent opportunity for local businesses to invest in the cutting-edge research and development needed to support UK manufacturing innovation, underpin sustainable economic growth and help to create jobs in Erewash.”

The UK Shared Prosperity Fund is a central pillar of the UK government’s Levelling Up agenda and provides £2.6 billion of funding for local investment by March 2025. The Fund aims to improve pride in place and increase life chances across the UK investing in communities and place, supporting local business, and people and skills.

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