Creating new jobs and work space are at the heart of a new regeneration initiative being launched in the High Peak.
High Peak Borough Council has approved the principle of creating an investment fund for regeneration projects in the borough and is now looking for suitable projects to support. No financial figure has been allocated but the Council is interested in investing in projects that will promote growth and jobs.
The ‘fund’ can support private or public sector projects which are commercially viable and which will create new jobs or workspace. Funding can be in various forms such as equity investment in the development of start-up employment units, loan funding to help enable a significant expansion or relocation of business, or investment to bring forward mixed use development schemes.
The initiative will be formally launched at business breakfast briefings at the Palace Hotel in Buxton on Thursday, 6th November and at Glossop Cricket Club on Tuesday, 11th November where further details will be available.
Council Leader Councillor Caitlin Bisknell said: “We’re delighted to be launching this initiative to support projects to deliver job opportunities and workspace across the High Peak.
“It’s aimed at projects and schemes which might not otherwise proceed but which will have a real impact on jobs and growth in the borough – a key priority for the Council. With that in mind, we’re making an initial call for projects and we will work with applicants to bring forward suitable schemes as soon as possible.”
Councillor Godfrey Claff, executive member for regeneration, added: “The Council already has measures in place to support businesses and to make sure they have information about, and access to, other funding streams and training opportunities.
“The ‘Growth Fund’ complements this. It will provide a real focus to bring forward the best projects to benefit our residents.”
Further details are available on the Council’s website – www.highpeak.gov.uk – and at the business breakfast meetings in Buxton and Glossop in early November.
The breakfast briefings are taking place between 7.30am and 9.30am in both Buxton and Glossop. To book a place at either event visit the website www.highpeak.gov.uk