Investing In Growth

About Investing In Growth

If you are ready to expand your business but need financial support to make it happen, we are here to help. The Investing in Growth programme, funded by ERDF, is designed to help SMEs in Worcestershire to initiate significant expansion projects through the provision of advice and funding.

How can this programme help your business?

This programme works in two ways – firstly to support your business to become investment ready and secondly to help you access and apply for relevant funding.

The programme is delivered by John Painter and Ian Priest, follow the links below to find out more about them:

Business Support

If your business is at the point of significant expansion, but needs assistance to really take off, the Investing in Growth programme can support you.

Through one-to-one consultancy and workshops via our delivery partners, your business will be reviewed to identify potential barriers to growth and supported to access finance, create business plans and manage growth.

Business Grants

Your business may be eligible to apply for a business grant through Worcestershire County Council.  Up to 45% of the capital required can be provided through a capital and revenue grant, which is available up to the value of £50,000.  

These grants can be put towards capital and revenue items such as:

Building works

 

Website development

 

Relocation

 

Machinery

 

Research and Development

 

Is your business eligible?

There are some exceptions, but generally, your business will need to be:

Based in and trading from Worcestershire

 

With fewer than 250 employees

 

Turnover less than the equivalent of 50 million Euros per annum or a balance sheet of less than 43 million Euros

 

Contact our team to find out more

More Information:

GRANTS

The Business Growth Grant is a revenue and capital grant programme, offering grants from a minimum of £20k to a maximum of £50k.

The intervention rate will be 45% with 55% provided by the SME. The types of activity the grant programme will support are:

  • physical expansion, building works, fixtures and fittings,
  • capital equipment, machinery, electrical appliances,
  • website construction, logo design, software,
  • support for research and development to strengthen market position
  • relocation costs
CRITERIA

To qualify, your business must:

  •  Be located in Worcestershire or looking to locate in the county
  • Be an SME (have fewer than 250 employees, turnover less than the equivalent of 50 million euros, a balance sheet of less than 43 million euros)
  • Meet the De Minimis State Aid Criteria
  • Have been trading for more than 12 months
  • Be trading “Business to Business” rather than “Business to Consumer”
  • Have the potential to expand and grow your business

Full European Regional Development Funding (ERDF) eligibility criteria apply

For all programme information and details of how apply please contact the team on 01905 677 888 or email info@business-central.co.uk.

Investing in Growth-

This project is receiving up to £1,150,000 of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. The Department for Communities and Local Government (and in London the intermediate body Greater London Authority) is the Managing Authority for European Regional Development Fund.

Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations. For more information visit https://www.gov.uk/european-growth-funding.

Case Studies

Press Releases

Open Call for the Investing in Growth Grant Fund

The Investing in Growth Grant Fund is a Capital and Revenue based grant scheme which offers grants from £20,000 up to a maximum of £50,000 at an intervention rate of 45%. The Grant programme aims to aid business expansion enabling established SMEs to realise their...

read more

‘Attracting Investment’ – event on the 9th February

Working in partnership with the Investing in Growth programme, the Low Carbon Opportunities Programme has an event on the 9th February focused on 'Attracting Investment'. Chris Briggs from local accountants Baldwins is the main presentation speaker for this event....

read more

Find out more about Investing in Growth

Our Open for Business programmes are here to help get you started.

Call our team today on

01905 677 888

Or E-mail our team today

Click here to make an enquiry
  • By submitting this form, you acknowledge and consent to the data in this application form being held on the shared database in accordance with the Data Protection Act 2018. By submitting this form you consent to receiving information on grants, business support and funding schemes via telephone, mail and email by partners. For further information please visit http://www.business-central.co.uk/data-statement/

By using this website you agree to accept our Privacy Policy and Terms & Conditions