Are you looking to expand your business but haven’t got the funds to take the next step?

Help is at hand thanks to the D2 Enterprise Growth Fund (D2EGF) which has recruited two new experts to support businesses in Derby and Derbyshire.

The D2 Enterprise Growth Fund is managed by Derby City Council and Derbyshire County Council to distribute loans and grants to businesses to help fund projects aiming to create jobs and business growth.

Money towards the Fund has also been provided by the European Regional Development Fund, the  Regional Growth Fund and the Local Enterprise Partnership for Derby, Derbyshire, Nottingham and Nottinghamshire (D2N2).

Over 2,200 new jobs have been created in and around Derby as a result of support from the Derby Enterprise Growth Fund (DEGF). This fantastic milestone, which effectively achieves the funds job target, comes as the fund reaches its fourth anniversary. The impressive results have been achieved by identifying innovative businesses which have the ambition and opportunity to grow, then supporting them with the finance necessary to achieve their potential.

Heading up the Growth Fund is Jo Hadson who recently joined as Senior D2EGF Manager. Jo brings wide experience from the private banking sector and joins Jane Kirby now D2EGF Monitoring Officer with a service quality background in the rail industry.

Economics and Financial Services graduate Jo looks forward to using her experience of commercial and corporate banking to add value to the support Derby City Council and Derbyshire County Council offer businesses. Having managed a portfolio of commercial clients in the Chesterfield, Derby and Nottingham areas, she is able to identify growth opportunities amongst applicants.

Jo believes managing relationships with businesses will help create on-going job opportunities. She has previously worked for NatWest and The Royal Bank of Scotland.

Jo said: “Having been involved in private sector banking for many years I am keen to use my skills to assist local businesses and in particular, SME’s in achieving commercial success.

Whilst the client base will be very similar, the business growth D2EGF enables will focus on creating jobs for local people. I am looking forward to being part of the economic development of Derby and Derbyshire.”

New Monitoring Officer Jane Kirby also brings a wealth of relevant experience gained in both public and private sectors. During her five years with the East Midlands Development Agency Jane was engaged in coaching SME’s through the grant and delivery process. She also spent five years consulting in service quality for the rail industry which has allowed her to understand viable propositions within this important sector to the local economy.

The Growth Fund can provide loans and grants to eligible businesses whose expansion plans will help create jobs. Businesses interested in applying can find out more by visiting DEGF website. 

The D2 Enterprise Growth Fund has recently been successful in bidding for additional funding to make the scheme countywide.  The funding has been awarded through the European Regional Development Fund (ERDF) and means the Growth Fund can support a greater number of businesses wishing to invest in innovation, growth and job creation.

Derby City Council Deputy Leader and Cabinet Member for Regeneration & the Economy, Councillor Martin Rawson, said:

“We’re proud to be managing and delivering the D2EGF scheme which is making a huge difference to businesses in Derby and Derbyshire and is achieving fantastic results for the local economy.

We’re delighted to welcome Jo Hadson and Jane Kirby to the team. Both bring very valuable skill sets which will be of great benefit in achieving the Fund objectives. On behalf of Derby City Council, I am delighted to see the Fund helping to stimulate growth and create jobs locally.”

Derbyshire County Council Cabinet Member for Economic Development and Regeneration Councillor Tony King said:

“Small businesses are an important part of the Derbyshire economy – particularly within the supply chain which supports the county’s thriving aerospace, rail and motor industries. These new appointments will increase support available to SME’s and help them grow and create jobs.”

To find out more visit the Derby City Council website.