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Businessman’s call for new funding applicants

By Ashbourne News Telegraph  |  Posted: January 13, 2014

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THE businessman behind some of Ashbourne’s biggest property developments is calling out to company bosses across Derbyshire and Nottinghamshire to make use of a multi-million pound pot of funding to help create more than 500 jobs.

Peter Gadsby, chairman of Cedar House Investments, is a board member with the local enterprise partnership for Derby, Derbyshire, Nottingham and Nottinghamshire which has secured £5m from the Government’s Regional Growth Fund.

Mr Gadsby, who chairs the Unlocking Investment for Growth programme Panel, (UI4G) is spearheading an initiative to encourage more firms to access the funding to stimulate and accelerate their capacity expansion plans and take advantage of the improving economy.

Since launching its programme in 2013, D2N2 has already helped create 160 jobs, leveraging almost £9 million of private investment with more applications and expressions of interest coming to fruition.

Mr Gadsby said: “If you are working with, or run a business in Derbyshire or Nottinghamshire with a capital investment project that will create long-term sustainable jobs but can’t quite raise the capital necessary to purchase the fixed assets required, then UI4G may be for you.

“We are now seeing first hand the huge difference UI4G can make to local businesses and that should encourage companies to get in touch and express their interest.

“I am challenging companies not to miss out on this time-bound opportunity. Capital projects have to be complete by January 2015.”

Richard Gill, UI4G’s programme director, added: “We have a team ready to talk about eligibility and have a no obligation discussion because the sooner applications are received the better.

“We want to use this money to help grow the region’s economy and create new jobs.

“The team will also be at all D2N2’s upcoming business breakfast to discuss UI4G with potential applicants and we are now finalising a series of clinics for businesses to come and talk to us in the coming weeks.”

To find out more visit www.d2n2lep.org/BB

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