The Midlands Engine Investment Fund aims to transform finance for smaller businesses in the Midlands and to realise the region’s potential to achieve economic growth. Small businesses will be able to apply for the next round of funding in 2024. Current funding is already helping other businesses expand and hire more staff, bringing the total investment in the region to over £700 million since 2017.
Freeports are special areas within the UK’s borders where different economic regulations apply, such as tax & customs relief. The East Midlands Freeport is a fantastic place for businesses to grow, innovate and trade with the world, backed by generous incentives to invest and support from government. It will bring thousands of new high-skilled jobs to the region and unlock investment in low-carbon energy for the future.
From Skegness to Newark, Town Deals are improving transport across the East Midlands. In Newark, a partnership has been developed with Brompton Cycles to install docking stations across the town and support its ambition to become a ‘Twenty Minute Cycle Town’. And in Skegness, a full renovation to the town’s main station will see improvements to the internal concourse and taxi rank area, new community facilities and commercial units for start-ups.
The East Midlands will soon welcome learning facilities in Skegness and Mablethorpe thanks to investment from the UK Government. The Campus for Future Living – a flagship project for Mablethorpe, and the Skegness Learning Campus – a new, state-of-the-art learning centre, will prepare the learners of today to become the skilled workforce of tomorrow. And the new Air and Space Institute in Newark is already training the next generation of pilots, engineers and aviation ground crew.
Find news, information and advice from the government on starting or growing your business in the East Midlands.
Find out how some of the UK Government’s investment programmes, including the Levelling Up Fund and Community Ownership Fund, have been supporting projects across the East Midlands.
Other Levelling Up Projects in the East Midlands