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Companies urged to take advantage of Investment for Growth cash
A £1M funding pot is on offer to help North-East small and medium-sized firms strengthen their order books and create new jobs.
The cash, available through the Investment for Growth project, aims to help up to 170 firms, and has already received 45 applications.
The project was due to end this year, but has now received further investment from the European Regional Development Fund after helping 800 businesses create and support more than 2,000 jobs.
Deko Flake, a Sunderland-based resin floor and wall finish specialist, benefited from extra funding that has helped fuel growth in international and domestic markets.
Keith Wilson, Deko Flake’s international sales manager, said: “We badly needed a centralised system for all our data and communications to be stored on to cope with the sheer volume of work we’re handling.
“The funding allowed us to put in a system that will really help the business develop.”
Paul Whitecross, Investment for Growth senior project manager, said: “We’re delighted to have secured additional funding to continue our work through to 2015.
“We are getting so many applications that it could be that we get through the money quicker than that, so we’re urging businesses to apply.”
The fund is available to small and medium-sized businesses planning growth projects, and provides grants of up to 40 per cent of the total project value.
Firms should contact 0191-426-6408 or email@example.com
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