Businesses in the region are set to receive a substantial boost to their operations thanks to the new generation of business support provided by East Midlands Chamber. Securing £8.9m of public funding until March 2025, the chamber of commerce for Derbyshire, Leicestershire, and Nottinghamshire aims to deliver its Accelerator project, which will serve as a seamless point of entry for relevant business support. The project focuses on vital activities in the areas of net zero, innovation, digital, and finance, with the ultimate goal of assisting companies in all stages of development to start, sustain, grow, and innovate.
The East Midlands Chamber Accelerator project combines various publicly-funded contracts, including the UK Shared Prosperity Fund (UKSPF), which aligns with the government’s levelling-up agenda to enhance communities, businesses, and skills. Additionally, it incorporates Innovate UK EDGE, a program aiding innovative SMEs in achieving growth and scalability, and Made Smarter East Midlands, offering support to manufacturers transitioning to advanced and automated technologies.
Diane Beresford, deputy chief executive of East Midlands Chamber, emphasizes the meticulous design of the East Midlands Chamber Accelerator program to provide timely and suitable support to businesses across the district. A team of locally-based advisers and specialists, employed by the Chamber, will be at the core of this project, offering high-intensity support to businesses aiming to grow, generate new employment opportunities, or leverage technology to enhance performance.
Collaborating with an adviser or specialist is crucial for businesses interested in harnessing the benefits of Accelerator support. A diagnostics report will guide them towards the most effective utilization of their resources.