Businesses in line for boost if they’re Portsmouth Naval Base supporters

CASH BOOST Portsmouth Naval Base
CASH BOOST Portsmouth Naval Base
Bar staff Matt Shaw and Megan McEnroe at Drift on Hayling Island

Old boathouse offers cocktails with a twist and views over the sea

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FIRMS which support Portsmouth Naval Base are being invited to bid for £4.7m worth of investment.

Small and medium-sized companies in the Solent area can each apply for between £10,000 and £300,000.

The projects have to demonstrate they will help safeguard the 20,000 jobs linked to the base or create new ones.

More details will emerge during a meeting at the base this morning.

More than £1m has already been attracted to the region in investment thanks to the Bridging the Gap fun, which has been administered by Solent LEP.

A Solent LEP spokesman said: ‘This is a really big growth opportunity.

‘The purpose of our funding is to help those small and medium-sized businesses, whether it means helping them get capital equipment or helping them upgrade their systems.’