Multimillion-pound Government funding could bring jobs to Croydon after a south-east England business partnership won a slice of the cash.
The Coast to Capital Local Enterprise Partnership, which supports firms from Croydon to Brighton, lodged two succesful bids for a share of the £506m regional growth fund.
The private-public partnership will use the money to dish out grants to local businesses investing in innovation and environmental technologies, focussing on new ideas, products, services and intellectual property.
Councillor Vidhi Mohan, Croydon Council's cabinet member for communities and economic development, said: "Receiving a slice of this multimillion-pound fund is fantastic news which will provide a huge boost to the local economy in Croydon.
"It will generate private investment in the borough, help innovative businesses grow, and create jobs for residents."
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