Economic Development

Erewash Borough Council is committed to developing our local economy through its Economic Development service. A strong local economy is vital to the overall success and well being of the Borough.

Through the Economic Development service we will ensure that the Borough's business investors and workforce have the necessary support to take full advantage of current and future opportunities.

The main avenues that the Erewash Borough Councils Economic Development team hope to deliver this through are;

D2 Business Support Programme

The D2N2 Growth Hub Business Investment Fund is now closed

Over the last three years the D2 Business Starter Project been hugely impactful to the local economy, supporting over 240 Derbyshire residents to turn their business ideas into a reality.The D2 Business Starter programme is working to continue to build on that success via one to one support from our Enterprise Advisers and workshops covering the following business start-up fundamentals:

• Business goals, vision and values
• Business basics
• Customers and competitors
• Sales and marketing
• Financial planning
• Laws and legislation
• Business planning

There are also Weekly Workshops on pushthebuttontoday.com

Supporting Development and Business Growth

Promote Erewash as a place where new businesses can develop, and existing businesses can grow. Provide a support network alongside Erewash Partnership Ltd to help develop the necessary contacts and opportunities for business growth. Existing businesses and start-ups could also benefit from financial assistance and mentoring offered by the D2N2 Growth Hub.

Create Growth East Midlands

Successful bid by EMC²awarded £1.3m of funding to support creative businesses
Project will run across Leicester and Leicestershire, Derby and Derbyshire, Rutland, and Greater Lincolnshire
High-potential businesses can go on to apply for finance from £7 million fund

Creative businesses in the East Midlands can now apply for a free programme of support to accelerate business growth, create jobs, and prepare for investment.

East Midlands Creative Consortium (EMC²) has today begun accepting applications from high-potential creative businesses after being awarded more than £1.3 million of Government funding.

Led by the Leicester and Leicestershire Enterprise Partnership (LLEP), the consortium provided one of six successful regional bids for the Government’s Create Growth Programme.

Andy Reed OBE, LLEP Co-Chair, said: “The creative sector has created almost 4,000 jobs since 2010 in Leicester and Leicestershire alone. The vast majority of those jobs are in microbusinesses and Create Growth will help these high-potential employers to scale up.”

EMC² has commenced its regional project across Leicester and Leicestershire, Derby and Derbyshire, Rutland, and Greater Lincolnshire.

It is backed by a coalition of partners including regional universities, Innovate UK, local businesses, and non-profit organisations.

The EMC² website is now live and accepting applications from local creative organisations. The programme starts in the Spring and runs to 2025.

It aims to support 100 creative businesses in four cohort groups across the three years. Around 50 creative organisations have already made early-stage expressions of interest.

EMC² is available to growing creative businesses operating in:

advertising and marketing
architecture
crafts design and designer fashion
film, tv, video and radio
photography
IT, gaming, software and computer services
publishing
museums, galleries and libraries

Since funding was confirmed by the Department for Digital, Culture, Media and Sport, the LLEP has been working with partners to develop a delivery plan that meets the specific needs of local creative businesses. It will offer bespoke business support and investor outreach activities.

Applicants will also gain the opportunity to go on and apply for finance support from a £7m Government fund delivered by InnovateUK.

Creative industries are worth more than £100 billion to the UK economy and account for 2.3 million jobs.

De Montfort University Leicester helped the LLEP to prepare the Create Growth bid.

Helen Donnellan, PVC Regional Business and Innovation, said: "The Create Growth fund has the potential to transform the creative sector by supporting ambitious businesses to scale up their business in the region.

"We already have one of the largest creative clusters outside of London but as Andy says, many of these are microbusinesses and this fund will help them to grow, creating more jobs and creating a thriving creative centre here.

“We'd encourage creative businesses to apply for this funding and not miss this opportunity."

Leicester City Mayor, Sir Peter Soulsby, said: "This investment will help create new jobs and opportunities for growth, not just in Leicester but across the East Midlands, and we look forward to working with our partners to continue to develop this important sector."

For more information about applying for Create Growth with EMC², go to the East Midlands Growth Website.

Inward Investment

Promoting the Borough's Inward Investment opportunities alongside our partners, Marketing Derby, Derbyshire County Council and Derbyshire Economic Partnership.

Respond to land and property enquiries in a timely manner and champion our employment sites. Acting as a liaison between potential investors and site owners/agents.

Town Centres

Work with partners on a range of regeneration initiatives to improve the vitality of our town centres.

Skills and Training

Encourage our businesses and residents to develop and improve the skills needed to maintain the Borough's competitiveness. Maximise opportunities to get local people into employment and training.

If you would like any more information regarding how the Economic Development team are able to offer support they can be contacted via the following;

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: 0115 907 2244

Economic Development
Erewash Borough Council
Town Hall
Derby Road
Long Eaton
NG10 1HU