South West Growth Fund

Published on Monday 12 October, 2015 by Anushka Naidoo

 The South West Growth Fund is now taking applications for small business grants. The fund of £8.7m is a constituent part of the South West Growth Programme, a £10m allocation from the Government’s Regional Growth Fund (RGF) introduced to rebalance the UK economy away from over reliance on the public sector.

Key information: 

  • There is £8.7M worth of funding to distribute
  • Open to SMEs (and larger businesses in assisted areas)
  • Available across Cornwall, Devon, Somerset, Dorset, Bristol, Gloucestershire, Wiltshire
  • (including Unitary Authorities)
  • Mainly capital projects intended to achieve business growth
  • Grants from £15,000 minimum to £999,999 maximum per case
  • GBER (General Block Exemption Regulations - State Aid) rules will apply by default.
  • Projects must complete and have spent (defrayed) by end March 2017
  • Job creation is key – 1 job per £8k of grant typical
  • Industry sector exclusions will apply (see grant prospectus and guidance notes for more details)
  • Typical grant contribution (intervention) rate 20%
  • This may range from 10%-45% depending on area and size of business
  • Businesses must not be in difficulty

 

 

Download flyer below:

 

For more information go to: https://gaininbusiness.com/users/sign_in 

 Back to Newsletter 8

Sign up for news from the Dorset LEP

Please fill out the form below to keep up to date with the latest news from the Dorset LEP.