EMDA HELPS MORE REGIONAL BUSINESSES

The East Midlands Development Agency (emda) has increased a scheme which helps businesses in the region's deprived areas.

The East Midlands Development Agency (emda) has increased a scheme which helps businesses in the region's deprived areas.

The European Regional Development has enabled emda to extend the DTI's Selective Finance for Investment (SFI) grant scheme to other parts of the region.

The agency can provide support to small and medium sized enterprises in the more disadvantaged areas of the cities of Derby, Leicester and Nottingham, the Peak District and across Lincolnshire.

Discretionary grants of between £10,000 and £100,000, which help towards projects with fixed capital expenditure, such as land, property, plant and machinery, will now be available in these areas.

The SFI grants replaced Regional Selective Assistance (RSA) and the Regional Enterprise Grant in the Assisted Areas of the East Midlands, on 1April this year.

emda's website, which has been set up to guide people through SFI, can be accessed at www.emda.org.uk/sfi

Source: emda 26/11/04

Website: http://www.emda.org.uk