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Invest East is a £1.8m European Regional Development Fund programme that aims to support businesses with scale-up ambitions. The programme will run from September 2018 for three years. It will use the results and case studies to demonstrate to overseas investors that Norfolk and Suffolk offer a fantastic investment opportunity.
There are four delivery partners in the project: New Anglia LEP, the Adapt Low Carbon Group at the UEA, Norfolk County Council and Suffolk County Council. Each brings their own specialism to the project.
Your first point of contact is the New Anglia Growth Hub, which will facilitate referrals to and from the following components of the programme:
• Investment Readiness:
Training and guidance workshops across both counties for businesses targeting any investment fund. The workshop leader, Adapt, has supported businesses through the Low Carbon Innovation Fund (LCIF) for many years. There will be four cycles over the three years. Each cycle will provide 30 businesses with up to 40-50 hours of intensive support. Other businesses can choose elements of support as needed.
• Investor Support:
This will show you how to attract and manage external investors, and develop promotional offers with New Anglia LEP. Norfolk and Suffolk County Councils, who have been providing investor support since 2012, will lead in their counties and provide joined-up delivery across ‘The East’.
• Promotion and Profile Raising:
This will show you how to promote your business nationally and internationally to attract investment and talent. New Anglia LEP will lead with support from local sector groups, which will be critical in targeting market opportunities and developing sector offers.
Overall, Invest East aims to support 150 businesses, attract five additional SME investors, create 80 jobs and help launch 40 new products. It will engage a range of investor stakeholders and local partners to develop and support campaigns.
The Invest East Programme is now open for applications. If your business could benefit from its support, please contact the New Anglia Growth Hub on 0300 333 6536.
If you run a large business and need investment support, please contact Locate Norfolk or visit our <grants and funding> page.