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Funding available for enterprising new businesses

Wychavon District Council is to host a special clinic that will help businesses starting out and looking to grow find the funding they need to be successful.

Taking place on Friday 23 June, from 9am until 5pm atthe Civic Centre, Pershore, the clinic aims to guide businesses through the process of applying for a Start-up and Early Stage Business Grant.

The Enterprising Worcestershire Start-up and Early Stage Business Grant is in place to provide support to small and medium sized enterprises (SMEs) as they start up and look to grow their business and realise their potential, and is part funded by the European Regional Development Fund.

Businesses that are eligible for the grant will have access to funding between £1,000 and £5,000, awarded on a match funded basis, to use towards the capital and revenue expenditure required to grow their business.

This means that if a business is looking to spend £2,000 on things like equipment, machinery, fixtures and fittings, website construction, consultancy, logo design or software – they can apply for a grant of £2,000, which would mean they have £4,000 to spend on these things.

Jane Dobson, Economic Development Officer at Wychavon District Council, said: “This is a great opportunity for young businesses out there to find out how they can apply for the kind of funding that could take them to the next stage in their development, and hopefully towards continuing success. This has to be good for them and it’s good for the region too to have businesses that are looking to grow and create jobs in the area.”

The grant is open to SME businesses and start-up enterprises in Worcestershire that have been trading for less than 36 months prior to the date the application is received.

The enterprise must be trading, or if a start-up intending to trade, and the trade must be 70% business-to-business. The enterprise must create 36 hours or more employment per week for the applicant.

To book a slot at the clinic, telephone 01905 677888 or email info@business-central.co.uk.

For more information about the grants go to www.business-central.co.uk/enterprising-worcestershire, and to check the full eligibility criteria for your business click here or go to
www.business-central.co.uk/enterprising-worcestershire-start-early-stage-business-full-eligibility-criteria/.

All grants are made at the discretion of Worcestershire County Council subject to availability of funding. Grants will be limited to one per business and applications will be considered on a competitive basis.

Enterprising Worcestershire is a partnership between the Worcestershire District Councils and Worcestershire County Council, and is receiving up to £1,076,647 of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020.