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The fourth round of the regional “Let’s Grow” fund

The Journal's Let's Grow Fund logo

The fourth round of the regional “Let’s Grow” fund

The fourth round of the regional “Let’s Grow” fund will shortly be coming to a close.  The deadline for ‘expressions of interest’ is Friday 24th April, with the deadline for full applications being the 22nd May.

The scheme offers grants of between £50,000 to £1m on projects with spend of £200,000 or more and the best tips we can offer anyone considering an application are:

  • Get advice from your accountants and consult with BE Group throughout the process to increase your chance of your bid being acceptable.
  • Make sure you meet State Aid requirements (check out ukassistedareasmap.com) for guidance, or speak to an adviser.
  • Make sure you create or safeguard sustainable jobs without causing loss of jobs elsewhere in the UK.
  • Large companies can only apply for new activities, which is a change to the previous rules.
  • Have a watertight argument to support the need for grant assistance.
  • The icing on the cake for the judging committee would be if the grant supported innovation, increased competitiveness or was seen to create apprenticeships.

Let’s Grow is a great source of grant funding for the North East but there are many others available, some of which may fit your needs better.

If you would like to discuss a grant application, or the funding required to go alongside your investment plans, then please contact Steve Plaskitt on 0191 285 0321 or email steve.plaskitt@taitwalker.co.uk

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