Business Compass’ Small Grant Scheme could help. The fund aims to support companies in Tees Valley, to grow their businesses and the local economy in response to the closure of the SSI UK steelworks.
The scheme is designed to support companies with small grants to access external expertise and professional services to overcome barriers to growth and create opportunities that will lead to new jobs or safeguard existing jobs.
Who can apply?
Companies located in Tees Valley (within the Local Authority areas: Darlington, Hartlepool, Middlesbrough, Redcar & Cleveland and Stockton on Tees).
The scheme may be used to support businesses in most manufacturing sectors of the economy, and to service sector businesses which offer more than a local service. All projects should contribute positive benefits to both the regional and national economy.
What can I apply for?
The fund will provide grants to support a wide range of projects which could include:
Product and market diversification;
Business change management;
Development of environmental/efficiency programmes;
Process and system improvement;
Supply chain improvement;
Brand / re-brand design.
The company will need to demonstrate how the project will impact on the growth of the business and why the grant funding is required to support this activity.
What level of support is available?
The scheme will operate under the de minimis state aid rules.
The fund will provide a maximum contribution of 50% of the eligible costs. The minimum grant that can be applied for is £2,500 and the maximum grant available will be £25,000.
How to apply?
Let us know if you’re interested and we can point you in the right direction, or alternatively visit http://www.teesbusinesscompass.co.uk/ or call 01642 939386