At the heart of the UK’s transport and business infrastructure, Northamptonshire is at the forefront of the UK’s economic recovery.
Currently, small and medium enterprises (SMEs) are being offered a major incentive to take advantage of Northamptonshire’s partnership approach to sustainable business growth with grant funding of up to £20,000.
The money is available to businesses specifically to help them relocate or expand their business by moving to the county.
The grant is called LOCATE and, since its launch last year, has attracted hundreds of inward investment enquiries from businesses across the UK and from overseas.
Not too late to make a move
This week, NEP announced the opening of a fifth round of LOCATE with applications invited between 15 September and 16 October.
This means it’s not too late for qualifying companies to join record-breaking electric car company, Bluebird Performance Engineering, which is moving to Rockingham in Corby where it will have access to unrivalled test facilities and Global Composites Recycling Solutions, Inc. (GCRS) which recycles fiberglass and is also moving to Corby. GCRS expects to employ over 250 people by 2017.
Other LOCATE recipients so far include Incredible Bakery Company who moved from London to Kettering, UberShop who were previously based in Bedfordshire and Hendrix Media.
Tim Bagshaw, Head of Business Investment, NEP, said: “Northamptonshire’s business support is business led and we are seeing some exciting results in terms of growth, prosperity and innovation amongst companies throughout the county.
“We encourage businesses that may be considering a move to get in touch and take advantage of our extensive support package and incentives such as LOCATE now.”
Bringing in new investment
LOCATE is managed by NEP and funded by Northamptonshire County Council. County Council Leader, Cllr Jim Harker, said: “Locate is an innovative project, funded by Northamptonshire County Council, which is helping to boost the economy of our county by bringing in new investment and creating new jobs.
“I am very pleased that the County Council is able to work in this way with our partners, NEP, for the benefit of the county’s prosperity .”
For the third round of LOCATE, a campaign will once again target London based businesses with posters at London Underground and main line stations, walking billboards known as Look Walkers at Kings Cross, St. Pancras International and London Euston stations and website and online advertising.
For more information, contact David Burrows, Inward Investment Manager,
Northamptonshire Enterprise Partnership on 1604 609 533 or email him HERE
www.lovenorthamptonshire.com Twitter @love-northants
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