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Unlocking Investment for Growth

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D2N2 and Unlocking Investment for Growth - Programme summary and UI4G recipients 

The D2N2 LEP secured £6.8million from the Government’s Regional Growth Fund and the European Regional Development Fund, to help local businesses grow and create new jobs.

Its flagship programme - called Unlocking Investment for Growth or UI4G - aimed to unlock around £20m of direct investment for local businesses and eventually support more than 200 jobs. Many of these were to be in D2N2's key sectors including Life Science, Food and Drink Manufacturing, Construction, Transport Equipment Manufacture, Low Carbon and the Visitor Economy. 

The UI4G programme is now closed to new applications. 

The UI4G programme helped businesses with a substantial capital investment project in mind, to create long term jobs, but which couldn't quite raise all the finance to purchase the necessary fixed assets.

Companies bidding for UI4G funding had to provide a robust business plan, detailing:

  • the number of new jobs to be created by their project;
  • capital cost of the project less the finance that could be raised by the business (to determine the 'funding gap' UI4G would help bridge);
  • potential value for money offered by the project.

In exceptional cases grants up to £500,000 were considered.

State Aid rules applied and businesses which wanted to make an application had to be located in the D2N2 area.  The process was competitive and applications were rigorously assessed, with priority given to the key sectors .

The programme is now closed to new applications. Any expressions of interest or enquiries received at UI4G@embltd.co.uk are being held in a pending file and will be referred onto subsequent funding programmes where appropriate.

The UI4G fund was managed by EMB Ltd on behalf of D2N2. 

 

Successful UI4G Case Studies:

 

FC Laser 

Street Crane

S&S Plastics

Ear Foundation

Tommy Tucker

Rototek Ltd 

Corrugated Case Company

Trans-Sport Ltd

Asmech Ltd

Kesseler

Thornbridge Brewery

Chalice Medical

DSF Refractories & Minerals

JKP Tins

Coldharbour Marine