North mill project a ‘great example’ of how to attract funding into region
£250k helped leverage a further £3.6m in national investment
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The Early Stage Growth Challenge Fund, announced today (10 July 2020) by Economy Secretary Fiona Hyslop, will open to applications on Monday 20 July.
It is part of the £230m economic stimulus package launched by the Scottish Government in June.
The new fund is for successful businesses whose routes to investment and growth have been negatively impacted by the coronavirus (COVID-19) pandemic.
It will be open to applications until Friday 31 July. All eligible applications will be assessed and graded with the highest-graded applicants receiving funding.
Welcoming the announcement, HIE’s director of business growth, David Oxley, said:
“This fund is aimed at firms involved in life sciences, technology and advanced engineering, as well as the emerging space sector. It’s also intended to support companies that have the potential to create jobs and that have a low carbon focus.
“These criteria apply to many companies in our region, so we would encourage them to consider making an application.”
£250k helped leverage a further £3.6m in national investment
Plans to establish a new facility in Moray that is expected to support up to 300 manufacturing jobs in the next ten years have secured up to £5.6m capital investment.
Partnership supports childcare career development in Skye
HIE funding will support the element of the project that focuses specifically on reducing carbon emissions and energy costs.
The Tapestry of the Highlands and Islands exhibition has been created by communities across the region as part of the Spirit of the Highlands and Islands Project.
Community trust to convert steading to create new distillery
The owners have secured up to £175,900 investment from HIE towards the works, which will help boost annual turnover and support local jobs.
A community project is under way in Knoydart to improve cycling facilities for visitors and residents.
Sumitomo Electric UK Power Cables Ltd plans to establish major operations in the region, supplying high voltage cables to the growing offshore wind energy sector.
Property demand study launched by HIE