Enterprise zone cash boost announced

Cash boost for business

Cash boost for business

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A NEW £2.94m fund to attract businesses to the new Solent Enterprise Zone was announced today.

And a £500,000 pot of cash to generate 300 apprenticeship places in the region was also confirmed.

The awards took today’s investment in business in the area past the £5m, as they were revealed at this morning’s launch of the Solent Local Enterprise Partnership’s Bridging the Gap fund, which will give a share of £2.1m to small and medium businesses in Portsmouth, Gosport and Havant to generate jobs and growth.

That money was won through hard work from the government’s £2.4bn Regional Growth Fund – and that’s where the money to attract firms to the enterprise zone in Lee-on-the-Solent will come from.

Announcing the fund, Solent LEP director Stuart Hill said: ‘It’s just fantastic news.

‘This is all about the ambition to see we get an internationally recognised centre of excellence in the marine and manufacturing sectors.’

Anne-Marie Mountifield, the executive lead for the Solent LEP, said the sums on offer to businesses would be considerable, but the guidelines to apply for the cash were still being finalised and will be online at solentlep.org.uk.

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