Derby businesses are being encouraged to apply for grants and support from a project that is making a difference to the city’s business community.
Since its launch last year, the Derby Accelerator project has provided adviser support to over 370 businesses, with 25 applying for grants and 19 receiving growth vouchers. These initiatives are expected to create 50 new jobs and safeguard 19 existing positions.
Funded by the Government’s UK Shared Prosperity Fund, the Derby Accelerator project is made up of five strands:
- Start-up Accelerator: Providing support for individuals looking to launch their own businesses.
- Net Zero Accelerator: Offering free energy audits and training to help businesses reduce their carbon footprint.
- Digital High Street Accelerator: Connecting businesses with digital technology experts to enhance their online presence.
- Innovation Accelerator: Providing intensive support to high-growth businesses.
- Financial Accelerator: Offering growth vouchers and grants to help businesses invest in training, consultancy, and innovation.
Diane Beresford, Deputy Chief Executive of East Midlands Chamber, said: “The Derby Accelerator project is already paying dividends to businesses, whether it be through grant funding or access to innovation and other expert training and consultancy.
“While the project is not due to end until 31 March 2025, funds are likely to be fully committed before then. I would therefore urge any Derby business that hasn’t already been in touch with the Chamber to do so as soon as possible to discuss any potential projects.”
Councillor Nadine Peatfield, Leader of Derby City Council and Portfolio Holder for City Centre, Regeneration, Culture and Tourism, said: “Getting access to the right funding can make all the difference for a growing business, which is why this project is invaluable. These loans and grants are here to help local businesses innovate, expand, and thrive.
“By tapping into these resources, you’re not just investing in your own success – you’re also helping to drive our city’s economic prosperity.”
