Worcestershire Growth Fund

The Worcestershire Growth Fund is a capital grant scheme designed to enable businesses to realise their potential to expand through increased employment and productivity.

Funded by the Worcestershire Local Enterprise Partnership, through the Worcestershire Growth Deal, the programme is expected to run until March 2018, subject to availability.

Eligibility

If you are a Worcestershire based business or are thinking of moving to Worcestershire you may be eligible to apply for the Worcestershire Growth Fund.

We are particularly keen to support growth within our key sectors of Advanced Manufacturing, Agri-tech and Cyber Security and Defence but will also consider applications from other sectors where increased productivity and employment growth can be demonstrated.

Grants of up to £100,000 are available although higher levels of support may be considered in exceptional circumstances. Grant requests of less than £20,000 are unlikely to be considered although we would still encourage you to discuss your ideas with Worcestershire.Business.Central. at 01905 677888 or info@business-central.co.uk.

Successful applications will:

  • Generate new, sustainable jobs based in Worcestershire
  • Result in increased business productivity
  • Provide match funding of at least 50%
  • Comply with State Aid Regulations

The types of activity that are most likely to be supported include undertaking a physical expansion; and/or purchasing capital equipment.

How to Apply

Potential applicants are strongly encouraged to speak to Stephen Butterworth, Project Manager for the Worcestershire Growth Fund on 01905 846096 or sbutterworth@worcestershire.gov.uk prior to developing an application. Alternatively, please contact Worcestershire Business Central on 01905 677888 or info@business-central.co.uk.

Stage 1

Applicants will be invited to download, complete and return the Expression of Interest Form. The Expression of Interest will be appraised on project and organization eligibility with the Worcestershire Local Enterprise Partnership inviting successful applicants to complete a Full Application.

Stage 2

Should the proposal be successful at Stage 1, applicants will normally have 3 months to develop a Full Application. Support will be offered to ensure that a high quality proposal is submitted to the Worcestershire Local Enterprise Partnership for consideration.

It is expected that regular Funding Rounds will be held over the next 12 – 18 months depending upon the funds remaining within the programme. Dates for the first three rounds are as follows:

Download the Expression of Interest Form

Expression of Interest funding rounds:

Round 1

  • Open call 13th Nov 2015
  • Call close 18th Dec 2015

Round 2

  • Open call 8th April 2016
  • Call close 13th May 2016

Round 3

  • Open call 26th August 2016
  • Call close 30th Sept 2016