Firms in Northamptonshire have been given a share of £473,000 in funding from Northamptonshire Enterprise Partnership.
NEP has so far awarded £1.2 million to 28 businesses as part of a scheme supported by the Government’s Regional Growth Fund and the European Regional Development Fund.
The latest grants will secure or create 359 jobs in the county, according to NEP.
Firms to receive money in the latest round of funding include Hi-Force Ltd based in Daventry, BS Project Engineering (Alto Performance) in Wellingborough, and Diamond Hard Surfaces based in Towcester.
Chris Walker, director/CEO of Diamond Hard Surfaces, said the firm was creating a prototype coating application process for depositing carbon onto substrates.
“Our unique product doesn’t require sophisticated and lengthy preparation. The process of applying for finance through the HPT Investment Programme was equally straightforward, made easier with a local point of contact at NEP who was always available to answer any queries or to offer advice.”
Other grant recipients will include Fablink Cab Systems, Enterprise Control Systems, Aero Research Partners, Aurora Computer Services, Rolton Group, Silwood Numberplate Components, Navtech Systems and Building Services Design.
Tim Bagshaw, head of investment at Northamptonshire Enterprise Partnership, said: “The sector is an incredibly important one to the wider Northamptonshire economy. At the centre of the UK’s world-leading High Performance Technologies (HPT) cluster incorporating a unique and comprehensive industry supply chain, more than 800 HPT businesses based in Northamptonshire currently contributes £2.1 billion to the local economy each year.”
NEP has been given a total of £1.7 million to hand out through its investment programme.