A total of 180 jobs will be created and 49 jobs safeguarded by a £735,000 investment in 17 Northamptonshire high-performance technology firms.
Northamptonshire Enterprise Partnership says the grants announced on Monday will also enable the companies to secure £5.1 million in private sector investment.
The 17 successful bidders for funding include Northampton firms XCAM, Verilocation, RanHeat Engineering, Mahle Powertrain and Integrated Vehicle Technology Limited, plus the National Lift Tower.
The Northamptonshire high-performance technology network contains about 800 companies specialising in motorsport, defence, aerospace, marine and construction, and is said to be worth more than £2 billion to the local economy.
XCAM, which makes digital cameras for science experiments, has been awarded £90,000. The money will allow it to conduct research and development and grow into new areas.
It is expected to protect eight jobs and create a minimum of 12 jobs over the next four years
CEO Karen Holland said: “We hope that most of these jobs will be engineering apprentices for keen youngsters who want to learn alongside working in an exciting engineering environment.
“I have known the team at NEP for a few years now, and they have watched us grow from a small pigsty in Moulton to our new facilities in Round Spinney. They know and understand what we are about and if, on their travels they spot something that may be able to help us, they’re on the phone.”
A campaign to promote Northamptonshire as an ideal location for business, which included putting posters in London Underground stations, has resulted in more than 50 enquiries from companies interested in moving to the county.
NEP set up the Love Northamptonshire campaign to encourage businesses based elsewhere in the UK and overseas to consider relocating to the county to expand and create jobs. Promotion included posters and billboards at Kings Cross, St Pancras and Euston stations.