William Eichler 03 March 2020

North of Tyne mayor announces nearly £20m funding package to ‘boost’ business

The mayor of North of Tyne has announced a £19.75m funding package to support business growth and innovation.

Mayor Jamie Driscoll said the money would boost rural economies, and bring new investment to Newcastle, Northumberland and North Tyneside.

The money is part funded by the European Regional Development Fund (ERDF) and will unlock a further £20m in private investment.

‘This money will help the North of Tyne business community in three different ways,’ Mayor Driscoll said.

‘There’s money for firms wanting to expand or try new things and which need the support to do so.

‘There’s money for foreign or UK owned businesses who want to make their first investment in the region.

‘And there’s money to help rural businesses scale up and to provide the business advice and support they need to do so.’

The investment is the result of cooperation between the North of Tyne Combined Authority (NTCA), the business community and the three local authorities of Northumberland County Council, North Tyneside Council and Newcastle City Council.

‘It’s great that we’ve been able to work together to draw down these ERDF funds and make an offer to business that will result in real growth and jobs,’ Mayor Driscoll said.

North of Tyne cabinet member for Economic Growth, Cllr Bruce Pickard, commented: ‘Support for business is key to the North of Tyne devolution deal.

‘We’re committed to seeking ways to unlock potential, create conditions for businesses to flourish, nurture investment, and support long term opportunities for growth.

‘This money will support both existing businesses and inward development.’

Leader of Northumberland County Council, Peter Jackson, described the funding announcement as ‘excellent news’.

‘This funding will address the scale up challenges faced by our businesses with growth potential in rural areas, supporting them to access suitable finance products, enabling growth and maximising opportunities,’ he said.

‘The scheme will help drive increased productivity and business performance, encouraging more overseas trading and incentivising business innovation in the county.’

SIGN UP
For your free daily news bulletin
Highways jobs

Standards, Compliance and Development Manager - Children’s residential provisions

Oxfordshire County Council
£57187.00 - £60485.00
This role will lead on Quality Assurance, Standards development, and Regulatory compliance for Oxfordshire’s residential children’s provision, including the unregulated reforms 2022. The post holder will conduct internal inspections within the registe Countywide
Recuriter: Oxfordshire County Council

Streetcare LGV Driver / Operative - WMF2112e

Westmorland and Furness Council
£27,711 - £28,624
Westmorland and Furness Council are seeking to employ an enthusiastic and motivated person into a Street Cleansing role Cumbria
Recuriter: Westmorland and Furness Council

Specialist Communication Support Worker (CDC)

City Of Doncaster Council
Grade 7, £27,259 - £29,955 (pay award pending)
The City of Doncaster Council puts improving the life of its residents at the centre of everything we do. Doncaster, South Yorkshire
Recuriter: City Of Doncaster Council

Apprentice Social Value

Durham County Council
£14,566
Earn. Learn. Qualify.   Do you want to earn while you learn, with the chance of progression once you qualify? Do you want the opportunity to grow, dev Durham
Recuriter: Durham County Council

Pay Reward and Employment Services Support Officers

Durham County Council
£25,584 to £27,711 p.a. (Grade 5) Pay Award Pending
An exciting opportunity has arisen for ten Pay, Reward & Employment Services Support Officers to join our CIPP accredited team.   WHAT IS INVOLVED?  Spennymoor
Recuriter: Durham County Council
Linkedin Banner