Posted on 29th August 2018
Coast to Capital LEP Region
Growth Grant Programme 2018-2019
The Coast to Capital LEP region Growth Grant Programme is a capital equipment (capex) grant. The grant provides last resort investment to part-fund projects undertaken by innovative, high growth small and medium sized enterprises (SMEs) and social enterprises in the Coast to Capital LEP area. Eligible projects will result in an increased turnover of at least 20% per annum and improved productivity in the company and wider economy.
Applications from all sectors are welcome, but the Programme would particularly like to see applications from companies in the following sectors (identified as key for the Coast to Capital region economy):
The proposed new activity must be additional to existing business activity.
Businesses must be able to incur the total project costs in full by 31 March 2019. The grant may only be used for capital equipment items.
Please note: start-up businesses and those in the retail/wholesale sector are excluded
This is a grant of last resort. Applicants will be expected to evidence that they cannot source the gap in project funding from other sources.
To be eligible businesses must:
For example, for a total project costing £850,000, the grant could contribute £170,000 (20%) towards the project. The business would need to provide the remaining 80%. Other forms of investment could be; retained profits, loans, shareholders’ investment or equity finance.
To discuss potential projects or request more information on the eligibility criteria, please contact the Growth Hub Team on 01403 333840 and speak to your local Account Manager. More details can be found on our website here: Coast to Capital Growth Grant Programme
Alternatively, you can email your enquiries to firstname.lastname@example.org
Eligibility criteria and terms and conditions will apply.
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