Today, NEP begins its final call for High Performance Technology (HPT) companies to submit funding applications for their capital investment projects – deadline, Friday 29th August.
Launched in March 2013, the HPT Investment Programme offers grants of between £20,000 and £200,000 to support businesses in the HPT sector with their growth plans and sustainable job creation.
The programme was originally enabled through funding secured from the Regional Growth Fund (RGF) and the European Regional Development Fund (ERDF) and has to date awarded £1.5million in grants to 38 businesses in Northamptonshire which will safeguard and create 473 jobs and lever nearly £10million in private sector investment.
BIS showcases programme success
The HPT Investment Programme has become one of the case studies featured in this year’s Regional Growth Fund Annual Monitoring Report* published by the Department for Business, Innovation & Skills (BIS).
The case study focuses on NEP’s Programme Manager, Cathy Martin, who said: “Funding offers Northamptonshire businesses more than just cash. It injects confidence that comes with being successful in a competitive grant application process. It gives their investors more confidence too.”
English Harbour Yachts, a recent beneficiary of the programme based in Oundle and set up in 2012 to manufacture and market small motor boats, is also mentioned. Starting with just two partners, the company now employs a further 10 staff.
The BIS report has been published just as NEP opens a further call for projects following confirmation that an additional £500,000 has been secured through the European Regional Development Fund to boost the programme largely as a result of it having already far exceeded its targets.
How to apply
Further details of this latest call can be found on NEP’s website HERE
Grants are available between £20,000 and £200,000 for capital investment only. Businesses applying from the recently announced Assisted Areas are encouraged to apply.
Deadline for Expressions of Interest is 5.00pm on Friday 29th August 2014.
*To download the Regional Growth Fund: Annual Monitoring Report 2014, CLICK HERE
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