1,500 jobs on way as Nottingham set for £20m boost
MILLIONS of pounds of new investment will create 1,500 jobs in Notts.
The area is set for a triple boost expected to be worth more than £20 million – with the Government announcing cash for two major projects and three private businesses.
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Business secretary Vince Cable said: "The Regional Growth Fund is creating the long-term growth and jobs that this country needs
The package from the Regional Growth Fund includes:
The creation of a £10 million fund for businesses in Nottingham – this is expected to create 1,000 jobs.
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Funding for the D2N2 Local Enterprise Partnership – this is worth £5 million and will create 450 jobs.
Three companies – BCM Limited, Romax Technology and Guilford Mills – will receive a share of £14 million towards projects.
The Derbyshire and Notts Chamber of Commerce has urged the Government to ensure the funding is delivered as soon as possible.
Chamber chief executive George Cowcher said: "Businesses will welcome the extra cash that the Government is making available through the Regional Growth Fund to help improve the local business environment.
"The speed at which this funding is delivered is now crucial and the projects supported by the Regional Growth Fund must be started as soon as possible if we are to see any real, tangible benefits in the short term."
Business secretary Vince Cable said: "The Regional Growth Fund is creating the long-term growth and jobs that this country needs."
City council deputy leader Graham Chapman said: "This is excellent news for Nottingham."
Related article: Cash hope to kick-start region's economy and create more jobs in Nottingham
Comments
by globy00l
Sunday, October 21 2012, 9:24AM
“I'm sceptical. It wasn't long ago that the Post was trumpeting hundreds of new jobs at the Nottingham Pizza Factory. It turned out that not only were these real jobs - just unpaid workfare placements - but that 100 people had been laid off in the Leicester branch just before.”
by mattgaltress
Saturday, October 20 2012, 10:50PM
“Well lets see what happens.”
by wortho48
Saturday, October 20 2012, 9:23PM
“I hope some of these jobs are going to be created upon Glaisdale Drive Bilborough to replace all the employment that as been lost .”
by Steve_NCFC
Saturday, October 20 2012, 6:23PM
“This government are great at PR...unfortunately very bad at delivering on any promises.
Lets wait to see if this actually happens first.”
by Malcontent
Saturday, October 20 2012, 6:08PM
“Stop looking for the 'flying pigs' that took off when this announcement was made, look instead for the 'plain brown envelopes' whizzing around the skies of Nottingham.
£20million of TAXPAYERS money chucked into the trough is totally irrelevant in the grand scale of things.”
by schoolboy
Saturday, October 20 2012, 2:07PM
“sounds too good to be true? let's hope ...”
by ShmuleShekels
Saturday, October 20 2012, 12:24PM
“You don't create useful wealth-creating jobs using quangos, partnerships and mountains of taxpayers' money. These are fake superficial jobs for the elections.”
by wonderwoman
Saturday, October 20 2012, 10:07AM
“lets hope its good news for nottingham for all the unemployed who want to work”
by Conversation
Saturday, October 20 2012, 9:46AM
“I agree, however, who's going to get all these jobs,?”
by Ted_Notts
Saturday, October 20 2012, 9:35AM
“Genuine investment or just an electoral bribe? Difficult to say which. Still, we should be grateful for anything that creates jobs, so long as they are genuine and long term.”