Cash incentive to attract businesses to the county

Cllr Andre Gonzalez De Savage
Cllr Andre Gonzalez De Savage
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A new initiative aimed at attracting businesses to move to the county is being launched this week.

The scheme, known as LOCATE, is aimed at existing small and medium sized enterprises currently operating outside of the county which are looking to relocate or expand their business by moving to Northamptonshire.

Businesses can apply for grant funding of up to £20,000 to help with relocation costs as well as a comprehensive package of services and support to support them during their first year, including help with property search, recruitment support, information on the local area and introduction to the Northamptonshire business networks.

Northamptonshire County Council is investing £100,000 in 2013-14 to kick-start the new scheme which is being delivered jointly with Northamptonshire Enterprise Partnership.

County council cabinet member for strategic infrastructure, economic growth and public protection Cllr Andre Gonzalez de Savage said: “Locate is the latest in a wide programme of activities already under way in the county, and all designed to stimulate the Northamptonshire economy.

“Attracting businesses to relocate to Northamptonshire, whether they are currently in the UK or overseas, will bring many benefits to the county, including the creation of new jobs and opportunities and importantly, increasing investment into the local economy.

”The new scheme will focus on supporting businesses in high-growth and high performance technology-led sectors, which have been identified as key growth areas for the county although applications from other business sectors will be considered when it’s clear the county will benefit.

“This is an exciting new scheme that will enhance our inward investment activities and Northamptonshire’s unique offer for businesses.”

David Burrows, inward investment manager at Northamptonshire Enterprise Partnership, said: “Locate sends a clear message to potential investors: Northamptonshire is open for business.

“Developed by the county council in partnership with NEP, Locate gives Northamptonshire competitive advantage in securing investment from inbound businesses based not only in the UK but also overseas.

“NEP is committed to supporting and developing the Northamptonshire economy and in the last two years has attracted almost £14 million of private and public sector investment into the county.

“Locate is just one of a portfolio of initiatives put forward by the investment team in Northamptonshire, officially the most enterprising place to do business in the UK.

“The launch of the fund has been timed to coincide with the launch of Love Northamptonshire (www.love-northamptonshire.co.uk) a new campaign developed in collaboration with private sector businesses locally which showcases Northamptonshire’s central location, thriving business community and innovative approach to supporting businesses.”

For more information about the LOCATE scheme, go to http://www.northamptonshireep.co.uk/funding-business-support/funding-finance/locate.

For details about how the council is working to boost Northamptonshire’s businesses visit www.northamptonshire.gov.uk/kickstart.