funding

D2N2 supports businesses for up to £2m

Managing Director at Compendium Living, Dave Bullock, outside the Castleward development

Up to £2 million in funding could be loaned to businesses looking to grow and create more jobs as part of an opportunity launched by D2N2 Local Enterprise Partnership earlier this week.

D2N2 is a private sector-led partnership of business, local authorities, skills and training providers, community organisations and more. The Growing Places Fund (GPF) has been launched to boost the economy with loans aimed at kick-starting stalled capital developments or expansion plans which will directly grow the economy and create jobs.

Loans will be between £200,000 and £2,000,000 and must be to finance capital (building) to help further businesses. They must also be within the D2N2 area, including the administrative boundaries of Derby City Council and Derbyshire County. A previous project which was benefited by the GPF was Bondholder Compendium Living's Castleward housing and commercial development.

The news follows D2N2's announcement of a £300,000 initiative which looks to boost career options for young people by motivating and supporting them to make better informed decisions about their future careers.

To find out more about the Growing Places Fund, visit www.d2n2lep.org/GPF or to find out more about D2N2's work to promote skills and training visit www.d2n2lep.org/skills

Green light for £2.58m Museum of Making

Bondholder Derby Museums Trust is to transform Derby Silk Mill into a new Museum of Making as it gets an invitation to apply for £2.58m funding from the Arts Council.

It is to be a creative and inspirational museum housed inside the world's first factory, Derby Silk Mill, and will be rooted in the city's industrial history and kitted out with the latest tech to help build peoples' skills and creative talent.

We want to turn STEM into STEAM
— Tony Butler, Executive Director at Derby Museums Trust

Over the next 18 months, the Trust will receive an £85,000 development grant to complete its application to the funding programme, showing plans at a detailed stage of design and development. If successful, the Trust will secure the additional £2.58m to support the project.

Tony Butler, Executive Director at Derby Museums Trust said: "We are thrilled Arts Council England is helping us take our pioneering project to the next stage. We are intent on making the arts fundamental in understanding of the STEM subjects (Science, Technology, Engineering and Maths). We want to turn STEM into STEAM.

Peter Knott, Area Director, Midlands at Arts Council England said: "We're delighted to be investing in Derby Museums' fantastic plans for its Museum of Making. This new museum will be a place where arts and culture meld with science and technology. Building on Derby's rich industrial legacy we hope the museum will be a place which inspires the creators and makers of the future."