£7.8 m Grants Available for Manufacturing Businesses

Grants totalling £7.8million are up for grabs by manufacturing businesses in Leicester and Leicestershire.

This latest grant fund is the result of the Leicester and Leicestershire Enterprise Partnership’s (LLEP) successful bid into a national government ‘Regional Growth Fund’ programme and is set to deliver over 1000 jobs and lever £23.4m of private investment.

The Regional Growth Fund is a competitive grant scheme that will help to fund Small and Medium Enterprise (SME) business growth projects that will lead to significant job creation and additional investment from other sources that will boost the Leicester and Leicestershire economy.

Andrew Bacon, Chair of the LLEP said: “The LLEP’s success in obtaining £7.8million of government funding will have a major impact on the local economy.

“Job creation is expected to be significant, with an estimated 312 direct jobs and 936 indirect jobs being generated.”

Businesses in the manufacturing sector can apply for a share of the £7.8m pot to receive 25% capital investment grant of between £25,000 and £150,000.

The money can be put towards projects such as:

•             Machinery acquisition

•             Property improvement

•             Building expansions

•             Infrastructure improvement

To be eligible, businesses must be an SME based in the City of Leicester, County of Leicestershire or moving into the area, with plans for growth and the creation of jobs within 12 months of project completion.

Local manufacturing companies, looking to grow their business should complete an Expression of Interest online form http://forms4.evolutive.co.uk/llep/Forms/formExpressionOfInterest.aspx

For details of how to apply, contact Sue Tilley LLEP Economic Growth and Investment Manager on 0116 252 8636 or email: sue.tilley@llep.org.uk

For full terms and conditions and eligibility criteria, visit http://www.llep.org.uk/rgfllepsmegrowthfund

• 
• 
• 
• 
• 
• 
•