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Let’s Grow Funding for Manufacturers

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Let’s Grow Funding for Manufacturers

Time is running out to apply for Let’s Grow North East

Are you looking to strengthen or grow your manufacturing or service business and seeking financial support?

If your business has a project of £200,000 or more which will be completed before 31st March 2017 continue reading for information on grant funding which may be available to you…

Let’s Grow is a £60million programme providing grant funding specifically supporting manufacturing and service sector businesses which offer more than a local service. Funding is available to businesses of all sizes – with SMEs benefiting from higher levels of support.

Grants of £50,000 and above are available with levels of support ranging from 10% to 30% of project expenditure.

To be successful, applications must:

  • Create new, sustainable jobs within the applicant company
  • Offer good value for money in terms of value of grant per new job created
  • Make a clear case for needing grant support
  • Have adequate private sector funding for the project
  • Comply with State Aid regulations

 

How to apply:

Let’s Grow is run as a series of competitions, the deadlines for which are show below.

 

Expression of interest deadline:5th February 2016

Full application deadline: 4th March 2016

 

Expression of interest deadline:6th May 2016

Full application deadline: 3rd June 2016

 

Expression of interest deadline:5th August 2016*

Full application deadline: 2nd September 2016*

*this round of funding is subject to sufficient funds being available and projects being completed quickly

 

Contact our Corporate Finance team for more information.

 

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