3 years ago, my colleague posted a blog about the Manufacturing Growth Programme Grant Scheme.
This scheme is still up and running and available to eligible businesses in Hastings, Lewes, Eastbourne, Rother and Wealden districts. Now more than ever is a great time to take a look at how this fund can help your business in the aftermath of COVID-19 and during the Brexit transition.
What is it?
The Manufacturing Growth Programme Grant Scheme is a growth and improvement grant offering up to 33% of the cost to implement plans to enable your business to grow and improve business strategies (typical project plan values are between £3k – £5k). It also provides free advice and support to manufacturing SMEs.
What are the criteria for eligibility?
You must be an SME as defined by the EU definition. This means your company or group of companies must have
- 1. Fewer than 250 employees
- 2. Turnover of up to €40 million
- 3. You must be a Food or Drink producer (not a grower of food or a farm), or a Manufacturer, defined as:
“A business that engages in any economic activity directly related to a product or production processes they have researched, designed or produced, or otherwise hold core intellectual property in.”
(If you are unsure if you meet this definition, please get in touch with your local MGP team)
- 4. You must be able to demonstrate your intention to grow/improve – (through creation of increased turnover, increased jobs and/or introduction of new products/services/processes)
Where’s the money coming from?
The grant is funded by the European Regional Development Fund (ERDF).
How do I get involved?
Check that you meet the eligibility criteria on the Manufacturing Growth Website http://www.manufacturinggrowthprogramme.co.uk/ then get in contact with your local MGP team for a free, no-obligation Strategic Business Review. You will then be guided through the rest of the process by a dedicated Manufacturing Growth Manager.
So, get involved and access expert free advice from your dedicated Manufacturing Growth Manager plus 33% funding toward the cost of implementing your business growth strategy.