Grants of between £5,000 and £500,000 are available from our Growing Business Fund. As the new financial year kicks in, we thought it would be a great opportunity to give you some top tips on securing a grant, which is funding you don’t pay back.
New Anglia Local Enterprise Partnership helps to drive business growth and enterprise in Norfolk and Suffolk and we’ve secured funding from Government for companies in the two counties which want to grow their business and employ more people.
We’ve given grants to more than 180 companies since April 2013. But, what is the criteria and which other businesses have been successful?
Here are our top tips.
- You need to be looking to invest, expand and recruit new staff
- You must be an established and growing SME in Norfolk or Suffolk and your project must be based in one or other of the counties
- What’s the project? You need to be considering something really tangible to help your growth plans. You may need new equipment, or machinery or to buy larger premises.
- The Growing Business Fund can provide up to 20% of the cost of the total funding you need. However, you must be able to secure at least 80% from private funds such as a bank, your business, other investors etc.
- You need to demonstrate why you’ve been unable to secure all the funding you require from other financial sources, be it a loan or another grant scheme.
- It’s really important that you meet the criteria and supply all the information we need in your application. The full criteria is here.
Companies which have secured grants range from manufacturers to digital companies and specialist food companies to sign-makers. Here are some case studies of justsome of the local companies who’ve received grants from our Growing Business Fund, to help them grow. Click here
Find out more:
Visit our Growing Business Fund web page here
Phone our New Anglia Growth Hub on 0300 333 6536 and meet up with one of our Growth Hub Advisers to get some free face-to-face advice or mail [email protected]
Watch a short video of three businesses which have benefited from grants here