Further applications invited to LEP’s £900k inward investment fund
The HotSW LEP has announced a second round for applications to its £900k ERDF Inward Investment Support Grant Scheme. The fund, designed to boost economic recovery and create new jobs in Devon, Somerset, Plymouth and Torbay, offers grants of between £25k-£150k which require match funding, to foreign-owned businesses based in the region who are looking to grow.
Two businesses who successfully secured grants of almost £190k between them in the first round are EFFECT Photonics and Vexcolt, which will lead to the creation of over 70 new jobs.
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