Today the Government has published the final Assisted Areas Map 2014-2020, which forms one of many important parts of the Government’s efforts to promote business investment.
In Chatham, the ward of Chatham Central has been given assisted area status and means that, subject to EU approval, local businesses are eligible to bid for additional funding and tax breaks to create jobs, invest in new premises or machinery and grow. Programmes which attract funding in England include the Regional Growth Fund and the Advanced Manufacturing Supply Chain initiative.
Tracey Crouch MP said:
“This is positive and welcome news for Chatham and for the local business in the Chatham Central ward. By being able to apply for more funding as they are in an assisted area, businesses that are successful in their applications will be able to grow and invest in their businesses, create jobs and continue to contribute to the local economy.”
For full transcript of the Written Statement can be found here.