This £33 million Business Growth Programme (BGP) is now open for applications.
Launch of Business Growth Programme Round 21
The latest funding round launched and will close on 7 March and could be the last round.
Round 21 of the ERDF £33m Business Growth Programme launched on Monday 15th January 2018. The programme offers grant support of £10k – £167k* (*€200,000 equivalent) to SMEs to assist with a range of business growth and innovation projects, including helping businesses preparing to bid for HS2 opportunities.
The package of support is designed to strengthen supply chains, stimulate innovation and grow existing Small to Medium sized Enterprises (SMEs) across the Greater Birmingham and Solihull, Stoke and Staffordshire and The Marches Local Enterprise Partnerships (LEPs).
Part-funded by the European Regional Development Fund and managed by Birmingham City Council, the BGP builds on the successful delivery of the Business Development Programme, the Business Innovation Programme and the Green Bridge Supply Chain Programme, all of which closed in 2015.
The current programme limits awards to one grant per SME from any one of the four components of the Business Growth Programme (i.e, you cannot apply for a grant from each component).
The HS2 Supply Chain Programme is a component of the £33m Business Growth Programme, which is a comprehensive business support package part-funded by the European Regional Development Fund (ERDF). As lead partner, Birmingham City Council and 3 Local Enterprise Partnerships (LEPS) are working together to deliver this important initiative, which covers the Greater Birmingham and Solihull, Stoke-on-Trent and Staffordshire and The Marches LEP areas.
HS2 Supply Chain Programme (HS2SCP): Offers grant support of £20,000 to approximately £167,000 (GBP equivalent of €200,000) towards project costs for supply chain companies preparing their business to take advantage of future HS2 business opportunities.
It is estimated that 60% of HS2 procurement opportunities will be available to Small to Medium sized Enterprises (SMEs), so a HS2SCP grant funded project could be used to help prepare your business and increase your chances of success.
You do not have to have secured a HS2 Contract to be considered for HS2SCP grant funding, but applicants must be existing B2B supply chain SMEs looking to expand their business with projects which will improve their capability/capacity, thereby enabling them to pitch for HS2 opportunities.
Note 1: The use of consultants or third parties in completing the application form is an ineligible cost.
Green Bridge Supply Chain Programme – Offers grant support of £20k-£150k towards project costs for supply chain companies operating in, or diversifying into the green economy.
CASESTUDY Socket and Allied Screws Limited is a producer of bespoke fastener components. Following approval of their Business Growth Programme grant, the company invested £135k in new CNC machinery to achieve growth in both the UK and globally. To see more click here
CASESTUDY – ICDM Established in 1994, International Construction Design & Management Limited (ICDM) is a specialist firm of Construction and Engineering Professionals, with proven expertise across many sections. To see more click here
Business Innovation Programme – Offers grant support of £10k-£30k towards project costs for SMEs investing in innovative close-to-market processes, products and services.
Business Development Programme – Offers grant support of £10k-£20k towards project costs for businesses looking to expand, relocate and improve access to markets.