Manufacturing Growth Programme (Free)

What is the grant available for?

The grant is funded by the European Regional Development Fund (ERDF) to support the costs of working with an external expert/coach of your choice to implement a pre-agreed Growth/Improvement Action plan. The scope of the Growth/Improvement plan will be specific to each applicant’s growth needs and will be agreed in advance with our Manufacturing Growth Manager. It will typically cover:

  • Expert consulting/coaching input – to analyse, recommend and support implementation of a Growth/Improvement Plan
  • Associated other expenditure specifically related to achieving a Growth/ Improvement objective (eg small equipment, preparation for accreditation costs etc)

Percentage of Project Cost

An average project value of £4,000 of support would attract a 35% Grant contribution (Minimum grant applications accepted: £350). Larger grants may be considered for exceptional cases (subject to panel approval) for projects demonstrating significant job/new product growth and higher level of applicant contribution (ie >65%).

Eligibility Criteria

To apply you must be:

1. an SME as defined by the EU definition. This means your company or group of companies must have:
a. Fewer than 250 employees
b. A turnover less than or equal to €50 million OR
c. A balance sheet total less than or equal to €43 million

2. A manufacturer, defined as:
“A business that engages in any economic activity directly related to a product or production process they have researched, designed or produced, or otherwise hold core intellectual property in.”
If you are unsure if you meet this definition, please get in touch with your local MGP team.

3. Able to demonstrate the intention to grow/improve – (through creation of increased turnover, increased jobs and/or introduction of new products/services/processes)

Businesses operating mainly in the following sectors are unfortunately not eligible:

  • Fishery and aquaculture
  • Primary production, processing and marketing of agricultural products
  • Coal, steel and shipbuilding
  • Synthetic fibres

Delivery targets and required outcomes

Grant supported Growth/Improvement projects must be completed, paid and claimed for within 4 months of grant confirmation.

SME beneficiaries are at liberty to select any consultant/coach of their choice provided they can evidence adherence to EU procurement rules requiring them to invite a minimum of 3 quotations for the work and justify value for money in their selection.

Contact Information:

Address:
Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB

Website:
www.economicgrowthsolutions.co.uk