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Growth grants now available
6th November 2019

The Coast to Capital growth grants programme has opened for 2019-2020, with £3.5m available to businesses to fund capital grant projects.

SME businesses can apply for between £40k-£170k, and the grant will normally pay for up to 40% of project costs. The minimum project size is therefore £100,000.

The fund is applicable to businesses within the C2C region, and applicants from the region’s growth sectors are particularly encouraged to apply. These are:

  • Advanced Engineering & Manufacturing
  • Creative, Digital & IT (CDIT)
  • Low Carbon & Environmental Technologies
  • Goods & Services
  • Healthcare, Medical Technology & Life Sciences
  • Business, Finance & Professional Service
  • Horticulture, and Visitor Economy (excluding Retail)

These grants can be used to purchase or develop innovative assets (e.g. a new design instrument, manufacturing machine or a bespoke piece of software) which have a clear link to boost productivity and profit margin. Unfortunately the grants are not able to support the retail or wholesale sectors.

Businesses must first check their eligibility by reviewing the criteria document and eligibility FAQs, and then get in touch with the Growth Hub, before submitting an Expression of Interest (EOI). If successful at EOI stage, businesses will then be invited to submit a Full Application.

More information about the grants can be found on the Coast to Capital LEP’s website.

 

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