Partly Cloudy

Partly Cloudy

max temp: 20°C

min temp: 14°C

Search

The pigs are coming. Find out more about

Pigs Gone Wild

here.

More than 100 firms boosted by New Anglia LEP’s Growing Business Fund

06:00 11 September 2015

One of the new machines at engineering company Ultra Precision in Haverhhill which have been part-funded by a grant from New Anglia LEP

One of the new machines at engineering company Ultra Precision in Haverhhill which have been part-funded by a grant from New Anglia LEP's Growing Business Fund.

Archant

More than 100 firms across Suffolk and Norfolk have now received grants from the Growing Business Fund, established by the New Anglia Local Enterprise Partnership (LEP).

A total of 114 companies have received awards totalling more than £10.7million, helping to unlock around £60.3m of private sector investment and to create 1,384 jobs.

The scheme, launched in 2013 with backing from the coalition government’s Regional Growth Fund, offers grants of £25,000 to £500,000, representing up to 20% of the expansion costs, which must create one job for every £10,000 awarded. There is also a small grants scheme which offers funding from £5,000 to £25,000.

Funding awarded so far has helped with capital projects such as new premises and production lines and paid for equipment and tools, IT software and marketing campaigns.

Successful applicants have included Haverhill-based engineering company Ultra Precision, which makes components for sectors including aerospace, robotics and motorsport and has secured three grants from the fund, totalling £135,000.

Managing director Geoff Quick said: “The grants from the Growing Business Fund have really helped drive our growth. We can now invest in the latest technologically advanced equipment to make our processes faster and more efficient.

“This will deliver opportunities to be more competitive in a global marketplace and we aim to employ a further 10 people over the next two years to achieve our goals.”

New Anglia manager director Chris Starkie said: “The LEP’s primary focus is to help drive the economic growth of Norfolk and Suffolk.

“The Growing Business Fund is key to that ambition and not only supports SMEs to thrive and create jobs, but helps them to unlock further private investment which would not be available without our financial support.

“In two years this fund has already beaten its predicted job target and through our Growth Deal with Government we have additional funding enabling the programme to run until 2021.”

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Ipswich Star visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Ipswich Star staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Ipswich Star account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Aldeburgh beach

Global superstar Taylor Swift has been spotted strolling the streets of a Suffolk seaside town, after she flew into the country to meet her rumoured new love interest’s mother.

The Marquis of Cornwallis, pictured in 2006, which is near where the crash happened.

Emergency services are currently at the scene of a single vehicle crash near to the Marquis of Cornwallis pub in Layham.

Crowds enjoyed the sunshine at Ipswich Music Day 2015 in Christchurch Park.
Stetsons are Cool got the crowd dancing.

From live music and open air cinemas to art, sport and stunt displays, Ipswich has a packed programme of family fun lined up this summer.

Town pastors gather for their 10-year celebration conference at Adastral Park, Martlesham Heath

Town pastors from across Suffolk gathered together to celebrate the 10th anniversary of the project.

Sydney Harbour Bridge, Australia

Ipswich isn’t blessed with beautiful bridges; civil engineers don’t come to town to marvel at the engineering prowess of Telford, Brunel or Stephenson, writes John Norman, of The Ipswich Society.

Ipswich Choral Society

An evening of music and poetry will celebrate a love of all things Shakespeare by the Ipswich Choral Society in Blakenham Woodland Garden next week.

Pigs Gone Wild Project Manager Norman Lloyd and Head of Property for the East of England Cooperative Stuart McDonald try to round up the pigs escaping the warehouse.

If you go down to Ipswich tomorrow, you are sure of a big surprise.

The White Hart pub in High Street, Saxmundham.

A public meeting has been called in Saxmundham to try to put together a £450,000-plus community bid to buy a closed down town centre pub.

Pc Andy Masterson checks motorists speeds on the A140 at Stonham Parva.

Suffolk’s Police and Crime Commissioner has said he is ‘sick of arrogant drivers’ after the number of motorists clocked travelling at 100mph-plus trebled in a year.

A hedgehog

Look sharp, because Suffolk Wildlife Trust are head-hunting for a Hedgehog Officer.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Newsletter Sign Up

Great British Life

Great British Life
MyDate24 MyPhotos24