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"This isn't just about tomorrow it will have a wider span than elections. Employers have a civic responsibility to help drive this agenda going forward."
A NEW company is being formed to help drive Nottingham's plans for a creative quarter backed by nearly million. The Creative Quarter Company will have a chief executive, a small staff and a board of unpaid directors to help steer a programme which takes in investment funds, property development and skills training.
Two smaller schemes, a Creative Quarter Loan Fund and a Student Start Up fund, are due to begin work in December this year.
The city council has also been given powers under the terms of the City Deal to vary business rates. These details of this initiative are still being worked on, but will come into force from next April.
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At its heart are two substantial investment funds which will see tens of millions invested directly into Nottingham businesses active in the creative and technology sectors
Mr McDonald was joined on the platform by Craig Chettle, of the Confetti Media Group, Adam Bird, chief technology officer of city business Esendex, and John Yarham, the council's director for economic innovation.
He added: "This is about taking Nottingham back to a heritage of designing and making things."
Firms will have to apply for cash from the fund, with decisions about investments made by an independent fund manager likely to be selected during the next two months.
One is a million venture capital fund which is due to go live in February 2013. It comprises million from the Government together with around from Notts councils' Nike Air Max 2016 Mens Shoes
There will also be a million Nottingham Technology Grant Fund, also due to go live next February.
"The second relates to skills here we know that Nottingham is not producing enough people with the skills they need and we need."
Besides the in funding, the Creative Quarter initiative will also be supported by a number of mentoring and advise initiatives for businesses which show promise.
The details emerged at a workshop held at the City's Antenna creative hub where key figures involved in the initiative outlined some of the details in front of an audience of industry businesses.
"This is an opportunity to help makes businesses in these sectors more successful and take on more employees.
successful bid for a Government sanctioned City Deal, which gives it money and powers to boost the city economy.
Mr Bird said it was a key opportunity for creative and technology businesses to collaborate in the name of growing the city economy.
said: "The Creative Quarter Company will be about more than just a business focus. We need to be supporting events which draw creative and technical people into the city.
Plans for the development of an identifiable creative quarter in the city formed a central part of Nottingham City Council's Nike Air Max 2014 Sale Womens
The Creative Quarter is centred on a swathe of the city stretching from the Eastside island site at the foot of London Road, through Nike Air Max 2014 On Feet the Lace Market and into Hockley. But the investment funds will be open to firms based outside these areas.
"Bank lending is just not happening and a lot of businesses with really good business plans and viable routes to growth just can't get the funding.
Devising plan for new city creative quarter
Introducing the workshop, Councillor Nick McDonald, who holds the portfolio for jobs, skills and business at Nottingham City Council, said: "We are trying to make people more aware of a project which is incredibly important for the city.
pension funds and some cash from private investors.
"This is about the restructuring of the city economy around sectors which can grow and create new jobs, skilled jobs and sustainable jobs. To do that we have got to make some big changes and the first of these is about access to finance.
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