Kenilworth and Warwickshire businesses to benefit from £90m investment
Businesses in Kenilworth and Warwickshire are set to benefit from £90 million worth of investment.
Coming from Warwickshire County Council's Business Investment Growth (BIG) fund, the money will support established Warwickshire businesses looking to expand.
Business which will help support a net-zero carbon economy are to be prioritised, particularly those in the automotive, mobility and digital technology sectors.
The £90 million announced today comes as part of a wider £140 million investment through the council's Warwickshire Recovery and Investment fund.
Further investment that will be aimed at smaller businesses is expected to be announced in Autumn 2021.
WCC said the key objectives of the BIG fund are:
- Creating new jobs within the county or for residents of Warwickshire
- Increasing economic output- Levering additional investment into the county
- Increasing level of business rates- Supporting transition to a low carbon economy
Cllr Kam Kaur, WCC's portfolio holder for economy and place, said: "We committed to be working with our partners and with local businesses to ensure Warwickshire bounces back better with a vibrant and sustainable economy that is fit for the future in the world after the Covid-19 pandemic and this sizeable fund for businesses is a clear demonstration of that.
"We know that this is a big commitment, but we need an ambitious and bold strategy to play our part in creating a healthy job market with opportunities for everyone to find work.
"We are seeking applications that will have a positive impact not only on the economy but also on our society and environment, making Warwickshire the best it can be, sustainable now and for future generations."
How to apply?
Businesses who feel they meet the aims and ambitions of this fund and want to find out more are encouraged to complete the expression of Interest form on the WCC website.
The Business Growth team at Warwickshire County Council will then make contact to discuss further and provide an initial view on the suitability of the fund.
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