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Small to medium-sized manufacturers in Derbyshire and Nottinghamshire have received a £500,000 support boost to help them overcome challenges and make the most of new opportunities.
The Manufacturing Growth Programme (MGP) has agreed a deal with D2N2 Local Enterprise Partnership to provide specialist assistance to firms in the two counties.
Management teams can now access a dedicated Manufacturing Growth Manager, who will use the GROWTHMapper benchmarking tool to identify pain points within the business, before delivering grants that can help support a third of the total cost of the improvement project up to a maximum of £10,000.
This new support covers manufacturing efficiencies, strategic marketing, new product development and leadership and management, with the programme due to help more than 85 business between now and June 2023.
The Manufacturing Growth Programme, which is funded by ERDF and delivered by Oxford Innovation Services, is open to all manufacturing SMEs in Derbyshire and Nottinghamshire that employ less than 250 people or have a turnover below £36m.
You can find out more about the news here.
To learn about the fund take a look at the website