Are you aware that your business may be eligible for grant funding and funded training?

Are you aware that your business may be eligible for grant funding and funded training?

According to a recent British Chambers of Commerce report UK business confidence is surging.  However, businesses shouldn’t rest on their laurels. 

SME’s need to seize every opportunity available to them to help improve profitability, productivity and efficiency.  They must innovate, adapt quickly to changing market forces and identify new and niche markets in order to achieve sustainable growth and realise their full potential.

There is currently grant funding available to help businesses achieve just this.

There are two schemes available in the North West providing access to grant funding and funded training for companies looking to grow.

Growth Accelerator Scheme - For companies with a desire to grow or double their turnover

Growth Accelerator is a £200m million scheme providing support for high-growth companies, subsidised by the Department for Business Innovation and Skills (BIS).

The scheme is open to Limited Companies, LLP’s, Partnerships and Charities that can demonstrate a desire to double their turnover.  SME’s must be registered in England, be VAT registered, employ less than 250 people and have a turnover of under £40 million.

What is on offer?

Assistance is focused on business development, innovation and commercialising new products and services which will lead to an increase in turnover.

Eligible businesses will be able to access between 4 and 10 days of an expert with the relevant experience of their sector, access to workshops/masterclasses, waived joining fee to the Institute of Directors and other benefits with a total value of £3,500.

What does it cost?

Businesses with up to 4 staff -£600, 5 to 49 staff £1,500 and 49 to 250 staff £3,000.

Leadership & Management Training Grants - For companies with the potential for growth

A strong management/leadership team can make all the difference in a business to allow it to reach its full potential. 

What is on offer?

The scheme provides expert coaching and mentoring and an extensive range of training courses and programmes for business leaders and senior management teams.  There is no set list of training that can be supported, but can include coaching and mentoring and tailored training to meet specific needs.

What does it cost?

Growth Accelerator offers match funding of up to £2,000 training cost for every business leader/senior manager involved in the strategic decision making of a business.

Businesses must be on the Growth Accelerator Scheme, be in the private sector or a social enterprise and employ 2 to 250 employees.

If you would like more information please don’t hesitate to contact Peter Atkinson on the details below and we will arrange for a specialist to meet with you to discuss the funding opportunities and eligibility in more detail:

Peter Atkinson
01942 292503