Milton Keynes is one of the first places in England with a chance of securing up to £79million of European funding for jobs and growth.
The South East Midlands Local Enterprise Partnership has approximately £79million to be distributed across the area over the next six years.
Councillor Peter Marland, SEMLEP Board Director and Leader of Milton Keynes Council, said: “SEMLEP has worked hard to secure European funding on this scale and it should be a real boost for our local economy.
“We have worked closely with all the relevant agencies and partners to be one of the first to launch this programme of funding to help projects in our area benefit from investment at the earliest opportunity.”
The money comes from three separate funds – the European Regional Development Fund (ERDF), the European Social Fund (ESF) and the European Agricultural Fund for Rural Development (EAFRD) – all aiming to increase social and economic prosperity and to create a more competitive, prosperous and inclusive economy.
Daniel Charles Mouawad, chief executive of SEMLEP, said: “The funding launched today will benefit a wide range of projects across the South East Midlands that will help create jobs and stimulate the economy as well as support community and social initiatives.
“It demonstrates continued confidence from central government in the potential future growth in the South East Midlands and we would encourage all eligible organisations to consider applying for part of this funding support as soon as possible.”