July 11, 2013 12.26 pm
This story is over 133 months old
New £1m funds for Lincoln business and jobs growth
Cash for growth: City businesses can bid for grants up to £50,000 to create new jobs from a new £1 million funding pot secured by the University of Lincoln.
The scheme will be focused on generating maximum growth from the £24 million partnership between the University and the Lincolnshire Co-operative, who are creating a Science & Innovation Park adjacent to the main Brayford campus.
Aiming to add 135 jobs in 20 businesses around the city, the LGF will provide grants of up to £50,000.
Businesses will be invited to apply for a share of the £1 million fund in return for demonstrating their capacity for creating jobs.
The funds will also help provide a range of equipment, improving business premises and the recruitment of skilled staff.
The LGF was launched after a successful bid to the Government’s Regional Growth Fund. The university will lead the delivery of the programme, with support from the Lincolnshire Echo and Lincolnshire Co-operative.
Professor Mary Stuart, Vice Chancellor at the University of Lincoln, said: “Securing the funding is evidence of our desire to see the city prosper and maximise job potential.
“The successful bid for funding highlights the efforts of the many fantastic businesses already based in Lincoln and I look forward to seeing our city continue to thrive in the coming years.”
Ursula Lidbetter, Chief Executive of Lincolnshire Co-operative, also praised the launch of the LGF: “This is a major boost to the economy of Lincoln. It will create new jobs, new momentum and build on our excellent innovation culture.”
Lincoln MP Karl McCartney added: “I am delighted that the representations I made back in March to my Ministerial colleagues at the Department for Business, Innovation and Skills in support of the University of Lincoln’s RGF application have been successful in securing a £1million grant to help establish the Lincoln Growth Fund and creating new jobs in the City of Lincoln.”
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Exciting news for MyLocal app users and The Lincolnite readers! Our latest update is now available to download from your app store and comes packed with the best local news experience you can enjoy.
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