The aim of this grant is to provide support to SME’s covering start-up, high growth start-up and post start, early development situations, which are focused on individual business growth potential. The scheme will enable SME’s to establish and grow whilst making a positive contribution to the Worcestershire economy and employment rates across the County by creating more sustainable SME’s.
Eligible enterprises will have access to one grant per business of between £1,000 – £1500 (on a competitive basis) towards eligible capital and revenue expenditure required to develop and grow their business. Please note priority will be given to businesses who have engaged with the advisory provision offered under the Enterprising Worcestershire Start-Up and High Growth Start-Up Programme and Transitional Programme, as well as businesses that have not received a grant from Worcestershire County Council in the last 2 years.
Grants will be awarded on a matched funding basis and will therefore cover up to 50% of the total eligible costs.
General Business Eligibility Criteria
The Start-Up Grant programme is open to SME (see SME definition below) businesses and start-up enterprises in Worcestershire that have been trading for less than 36 months prior to the date the application is received.
The enterprise must be trading, or if start up intending to trade, 70% business to business.
Eligible expenditure can be defined as expenditure where the benefits last more than 12 months and can include:
- Building work
- Fixtures and fittings
- Website construction
- Logo design
And other similar one-off items that help with business start-up and early development
All grants are made at the discretion of Worcestershire County Council subject to availability of funding. Grants will be limited to one per business and applications will be considered on a competitive basis.
Enterprising Worcestershire is a partnership between the Worcestershire District Councils, Worcestershire County Council and is receiving up to £1,076,647 of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. For more information visit gov.uk/European-growth-funding.
For more information and details of how apply please contact the team on 01905 677 888 or firstname.lastname@example.org
Please read the full eligibility criteria for this programme at this link.
Find out more about Enterprising Worcestershire here.