Monday, May 10, 2021

LEP secures £3.8m IT funding

Up to £3.8m from the European Regional Development Fund has been made available through the D2N2 Local Enterprise Partnership, for project bids to help small and medium-sized firms and social enterprises grow through smarter use of information and communication technologies (ICT).

The latest ‘call for proposals’ builds on current investment by Government, local authorities and D2N2 in infrastructure across its area, to increase broadband speeds.

D2N2 is now looking for bids for projects to help businesses and social enterprises take full advantage of better digital connectivity and ICT use; to improve productivity, access new markets, be more innovative and improve employees’ skills.

Individual projects must have a value of at least £1m. Bidders will be expected to provide half that and a further £500,000 would then be made available through the European Regional Development Fund (ERDF), via D2N2.

Proposals will need to show how they add value to the existing support offered through the D2N2 Growth Hub; which offers free, impartial business support and advice to businesses in the D2N2 area.

Peter Richardson, chairman of the D2N2 Local Enterprise Partnership, said: “Digital connectivity is a vital utility for business and is fundamental to achieving economic growth.

“Businesses making smarter use of information and communication technology will help drive the goal of the D2N2 Strategic Economic Plan, to create 55,000 new jobs in the area by 2023.

“We’d welcome project bids of impact and scale, which can readily deliver the vital support to businesses and social enterprises in our area, to take advantage of enhanced digital connectivity, particularly increased broadband speeds.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.

Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.