Approval for £107m fund to drive growth

The board of the East Midlands Combined County Authority has approved an investment plan that will make £107 million funding available to drive growth across the region.

The Local Growth Fund programme was recently approved by members of EMCCA’s Investment Committee, with 17 programmes now endorsed to progress towards delivery.

The plan will bring together programmes aimed at driving long-term economic development across Derby, Derbyshire, Nottingham and Nottinghamshire.

It spans five key themes, including innovation and thriving places, helping to support businesses, strengthen town centres, improve connectivity and unlock new opportunities for residents.

Mayor of the East Midlands Claire Ward said: “Growing the economy in all parts of this region needs us to invest in different ways at the same time.

“Whether it is investing into places, investing into businesses, or investing into people: all of it matters.

“These projects will make a real difference in helping our high streets to thrive, enabling business success, and ensuring that more people can shape and benefit from our region’s growth.”