City firms to be offered council cash to expand

Pentaxia Materials firm Pentaxia is one of a number of firms already considering bidding for funds

Related Stories

Derby City Council said it hopes a new £20m fund will help create more than 2,000 jobs in the city.

The authority is offering the money, half of £40m obtained from the government's regional growth fund, to help small businesses expand.

The rest of the cash will be used to build a new high-tech business park, planned for land near to Rolls-Royce on Wilmore Road.

Manufacturing firms are now being invited to apply for funding.

Paul Bayliss, leader of Derby City Council, said: "This is for high-tech jobs based on our strengths in planes, trains and automobiles. That's what we are looking for but we don't want to be closed-minded.

"What we are looking at is opportunities for people to come forward for grants or loans or opportunities for us to invest in their business to create jobs."

Work on the new business park, named the Global Technology Cluster, is due to start in March 2013.

More on This Story

Related Stories

BBC Derby

Weather

Derby

22 °C 15 °C

Features

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.