Whether you are looking to launch a start-up, expand your current business or make your operations more resource efficient, you will most likely require some financial support.
Wychavon District Council business start up grant
Free business start up training is still available To book a place on the business start up programme and also see the full calendar of events, please visit business events.
Wychavon District Council business growth grant
Worcestershire County Council secured almost £10m of European funding, to deliver a range of business support programmes with financial contributions from their district council partners to help businesses start, grow and invest in Worcestershire.
The programmes have been very successful and many Wychavon businesses have benefitted from business advice and grant funding. Most of the programmes have been completed, and more funding has been applied for to extend these programmes.
The following programmes are currently available:
Enterprising Worcestershire business start up support
Grant support from £1000 – £2500 is available to start up and early stage enterprises looking to make some capital or revenue purchases that will help them establish or grow. Make your application using the Enterprising Worcestershire Grant Form.
For more information about the Enterprising Worcestershire programme, please visit the Worcestershire Business Central website.
Business Energy Efficiency Programme – BEEP
BEEP has successfully bid for more funding and the new programme will run until 2022 and will help your business to save energy and cut costs. The support on offer is twofold – firstly to assess your business premises, products and processes to see what improvements can be made with energy and resource usage and secondly, to provide grants of up to £20,000 (up to 40% of the total cost of the project) to implement the recommendations from the assessment and make your business more energy efficient.
To check your eligibility and apply for an assessment through BEEP, call Worcestershire Business Central on 01905 677888, or visit the Business Central website to find out more about the Business Energy Efficiency Programme.
Low Carbon Opportunities Programme
If your business is looking to implement a large scale renewable energy project or has the potential for high-tech green growth, support may be available to help your business grow. Through the ERDF funded Low Carbon Opportunities Programme, small and medium sized businesses in Worcestershire may be eligible for feasibility support and grants to install renewable energy systems or launch low carbon projects.
Grants of up to 45% of the total cost of a project (to a maximum contribution of £100,000 for capital, £50,000 for revenue) are available.
Find out more about the Low Carbon Opportunities Programme.
Proof of Concept
Worcestershire ‘Proof of Concept’ (POC) has been designed to support local businesses to develop innovative new products and processes. Support is offered to applicants that aim to investigate, advance, protect and commercialise early stage innovative business ideas. The principal objective of the Proof of Concept fund is to encourage SME investment in innovation, creating products and services that are new to the company or new to the market.
The latest round of funding was launched in February 2019. The programme offers grants of up to £30,000, representing 40% of the total project costs. All costs must be external to the company and are claimed retrospectively. Worcestershire County Council delivers the grant fund in partnership with Central Technology Belt.
If you would like more information about the Worcestershire POC grant fund please contact Worcestershire Business Central. Eligible businesses will be referred to Jane Holmes at Central Technology Belt, who will contact you to discuss your proposed project in more detail.
Find out more information about Proof of Concept.
EAFRD Growth Programme is Now Open
Additional European Funding for tourism businesses with up to 50 full-time employees has now launched. It is likely to be the last tourism-focused funding for Worcestershire before the end of the European Programme.
The minimum grant available has been lowered to £20,000, and the maximum is £175,000. Grants need to be matched and in most cases they will only cover 40% of the eligible costs. This means your project can be as small as £50,000, or as large as £430,000.
While there will be many projects that could fit the criteria, priority will be given to ones that:
- Create new or grow existing visitor businesses
- Develop infrastructure to connect rural visitor assets
- Future proof the visitor experience, investing in technology to bring the visitor experience to life
- Support the use and provenance of Worcestershire food and drink
Expressions of interest must be submitted by Sunday 16th February 2020
Find out more information about RDPE Growth Programme