On the day that the British Business Bank announces £120m of SME finance, the first wave of the eagerly awaited £250m Midlands Engine Investment Fund, Councillor Sam Webster, Portfolio Holder for Business, Education and Skills has commented on what this means for businesses, growth and job creation in Nottingham.

“This is really important news for businesses in Nottingham and Nottingham City Council fully supports the Midlands Engine in its launch today of these new and vital funding opportunities.

“Nottingham has long been known for its ambitious communities of emerging and established small businesses which innovate and thrive in the city’s well-connected and vibrant economy. We firmly believe that this funding will support these hard working businesses to develop, expand into new markets, grow economically and continue to make a fundamental contribution to job creation in the city.

“Over the coming months, Business Advisors from Nottingham City Council will be working hard to promote these funding opportunities to Nottingham businesses through social media and their own business networks. In preparation for this, the Growth Hub team will be holding breakfast events in September and October aimed at financial intermediaries who will play a key role in promoting and administering these opportunities to Nottingham businesses.

“I welcome this news today and would highly recommend that established small businesses and entrepreneurs in Nottingham who are looking for opportunities to start up or grow their interests make full use of the support and funding available.”

Businesses who are interested in finding out more about funding opportunities and the support available through the Nottingham City Council Growth Hub Team can contact the team on 0333 0069178.

More information can be found here: