Applications are now being accepted for funding of up to £80,000 to support new activities that will lead to business growth and job creation
Full details of Round 2 are available in our guidance and are summarised below:
Applications can be made for between £10,000 and £80,000
Applications must be for new and additional activity, or a combination of activities, that will enable companies to grow and employ new staff.
Applications can only be accepted from Small and Medium sized enterprises.
Grant funding will be released in arrears of expenditure and at a fixed rate of 20% of eligible expenditure incurred. No funding can be released for any expenditure incurred after 31 March 2015. Funding is made available under the European Commission De Minimis Regulation and is allocated as notified State Aid for economic activities.
Some exclusions apply and there are some rules around eligible costs. These are detailed in our guidance.
Applications can be made between 17th March and midnight on the 30th April 2014.
For more information please visit: www.westofenglandlep.co.uk/funding/growth-fund. Please feel free to forward this information to colleagues, clients and customers who may benefit form the fund.