£1.8m in loans for sub-region's growing businesses

by Jim Dunton Fri 15 November 2013, 4:08 pm

Thames Valley Berkshire Local Enterprise Partnership (LEP) has now approved loans totalling £1.8 million for local start-ups and other expanding businesses, it said this week.

Director Emma Gibson said the LEP had received more than 38 applications for help from its funding escalator for small and expanding firms launched earlier this year.

She was speaking after local development minister Kris Hopkins said the government’s Growing Places Fund had generated £2.6 billion of private and public-sector investment with £650 million of funding targeted through the nation’s LEPs.

Gibson said the Thames Valley Berkshire LEP had put £7.3 million in Growing Places funding into its own escalator.

“We are delighted that the Growing Places Fund has been successful in Berkshire, creating jobs, apprentices and volunteering opportunities, and new homes,” she said.

“There is a substantial amount of good development activity happening across the sub-region and with £1.4 million remaining in the Growing Places pot, we are determined to encourage further schemes to come forward, create more jobs and make a difference to the local economy.”

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