Coast firms urged to bid for Pennine fund

Peter Legg from Blackpool Council

Peter Legg from Blackpool Council

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Blackpool Council is urging businesses in Lancashire to apply for grant funding to help them start and grow.

Regenerate Pennine Lancashire has secured over £16.5m from the Government’s Regional Growth Fund (RGF), which means businesses in the county can access grants of between £5,000 and £1 million.

The three grant programmes are expected to create over 2100 jobs in Lancashire.

Peter Legg, Head of Economic Development for Blackpool Council, encourages businesses not to miss out on the opportunity to access growth funding.

He said: “One of the key problems facing businesses is lack of sufficient finance to support business expansion, so when an opportunity to receive capital grant on this scale comes along, businesses need to sit up and take notice.

“Grants are available to growth businesses, such as those in advanced manufacturing, aerospace, chemical, sustainable energy, digital and creative.

“It is available for projects that will secure the future growth of businesses, such as new product development, new machinery, expansion and property improvements.”

The Lancashire Local Enterprise Partnership (LEP) Board supported the latest bid.

LEP board member and Chairman of Regenerate Dennis Mendoros said:“Regenerate is now able to provide support for all sizes of businesses across Lancashire with growth ambition.

“This will provide a huge boost to our local economy and help create 100s of jobs in growing industries.”

The three grant programmes Regenerate has created to deliver the funding are called Accelerating Business Growth (ABG), Accelerating Business Growth Plus (ABG+) and the Fuse Fund.

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