Businesses in Greater Birmingham are invited to apply for funding as part of a newly launched grant programme. The scheme is designed to help organisations adapt their business models in reaction to the changing economic climate caused by Covid-19.
The £2 million Pivot and Prosper Grant Fund has been launched by the Greater Birmingham and Solihull Enterprise Partnership (GBSLEP) and gives businesses the opportunity to apply for match funding up to £40,000.
To qualify for funding, businesses must be based within one of the nine local authority areas within the GBSLEP region: Birmingham, Solihull, East Staffordshire, Cannock Chase, Lichfield, Tamworth, Redditch, Bromsgrove and Wyre Forest.
They must also have between 10 -100 employees and operate within one of the following sectors;
- Advanced Manufacturing & Engineering
- Business Professional & Financial Services
- Creative Industries
- Energy & Low Carbon
- Life Sciences, Food & Drink
The funding is aimed at organisations who are seeking to accelerate their recovery from Covid-19 by embracing new business models, entering new markets or changing the way they work. The funding is designed specifically to support the key strategic sectors identified in the Local Industrial Strategy. It will help accelerate the efforts of organisations to pivot to new ways of working, leading to an increase in employment and growth in productivity and innovation.