£100,000 is being made available by Erewash Borough Council to help create jobs across the borough, by encouraging local firms to innovate.
The boost is in the form of research and development grants that businesses can apply for, with the authority to pay two thirds of the bill for coming up with new products, processes and technologies.
Firms that agree to meet a third of their project’s costs can be awarded between £5,000 and £20,000.
Cllr Curtis Howard, Erewash’s lead member for planning and regeneration, said: “The latest round of grants uses Government money that the council has secured via the East Midlands Mayor.
“We have been offering similar R&D grants since 2022. It means a total of £214,000 has been pumped into the local economy – securing existing jobs and creating new ones. Industries that have been helped range from furniture makers to factories that produce machinery.
“We’ve been very proud to support our great local manufacturers – but I’d very much like to see a broader range of local businesses apply and benefit.”
