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:
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.
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:
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
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
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 email@example.com.
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.
Worcestershire manufacturers Rocket Caravans Ltd thanks Investing In Growth for improving efficiency
https://www.youtube.com/watch?v=6KWAyzDzjlc Rocket Caravans were in a unit that was not suited their requirements and as such, were looking to move premises. Having received a grant from Worcestershire County Council previously, they looked to see if any...read more
The Investing in Growth Business Grant Fund is a Capital and Revenue based grant scheme which offers grants from £20,000 up to a maximum of £35,000. The Investing in Growth Programme is supported with funding from the European Regional Development Fund, The...read more
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
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.