Two companies in Kettering, one in Wellingborough and one in Corby are the latest to benfit from a special grant.
Cumberland Platforms and Nicholls Joinery, of Kettering, PGS Gifts, of Wellingborough, and Chapelton Engineering, which is based in Corby, are just four of the 70 companies in Northamptonshire that have benefitted from INV-ENT, a Northamptonshire initiative for small business growth run by the Northamptonshire Enterprise Partnership (NEP). Since the scheme was introduced in 2011 £1.1 million in grant funding has been handed out. To date, the fund has supported projects to create 459 new jobs and 145 apprenticeships in the county.
Twelve companies have been approved from the latest and sixth round of INV-ENT - a locally-funded business rate rebate awarded to small and medium enterprises (SMEs) which enables reinvestment of those funds by the business to stimulate its development, innovation and growth, and to create jobs.
The other companies are BLC Leather Tech Centre, Piroto Labelling, Chancery Footwear, TMI Foods, Revo Developments, Cumberland Platforms, Global Chemical Technologies and Dalepak.
NEP chief operating officer, Sajeeda Rose, said: “We continue to receive a wide range of applications for INV-ENT; the decision to include rate-paying companies from a broad range of sectors means that INV-ENT round six recipients include a footwear design and manufacturing company, a food processor, a developer of automotive software products, a seller of personalised gifts and a packaging and distribution company.
“It is thrilling to see the difference the grant makes to businesses in Northamptonshire as well as the local economy and jobs market as a whole.”
The leader of Northamptonshire County Council, Jim Harker, said: “Now in round six, our INV-ENT fund has proved enormously popular, allowing small and medium sized business a financial boost in what have been very challenging economic times.
“It’s interesting to see the variety of businesses we have in Northamptonshire and I’m delighted that the county council has been able to play a role in assisting the local economy.”
Work is now underway to develop the next round of INV-ENT which will be launched later in 2014.