Freeport East invests nearly £1 Million in local business and skills growth in the East of England

Freeport East has announced an investment of over GBP980,000 to boost local businesses and skills development in high-growth sectors such as clean energy. The funds will be distributed through two new programs: the Clean Growth Fund and the Innovation and Skills Fund. These initiatives aim to foster innovation, create green jobs, and equip the workforce with future ready skills across the East of England.

The Clean Growth Fund will provide financial support to local businesses in key sectors like green hydrogen, agritech, engineering, and digital.

Notable recipients include MKC Rail, Rux Energy, and Versatile RobotX, which are developing innovative solutions in areas such as railway engineering, hydrogen storage, and agricultural automation.

Meanwhile, the Innovation and Skills Fund will focus on enhancing education and skills training in underserved communities.

Recipients include Suffolk New College, which will lead a consortium to deliver specialist skills programs, and MENTA, offering business support to SMEs in digital and trade-related sectors.

Steve Beel, CEO of Freeport East, emphasised that the investment will help the region thrive in emerging industries, stating, “We’re not only supporting local businesses but also setting the stage for a future where our region is at the forefront of high-value sectors like clean energy, trade, and digital.”

This initiative is part of Freeport East’s broader strategy to bolster economic resilience and competitiveness in the region.

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References

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