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Finance for Growth ERDF Programme

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What is the Business Support?

We have an intensive programme of support available and our expert advisors will be on hand to help your business become investment ready. With fully funded workshops and seminars, you will have a full programme of support and we will be with you every step of the way. Since launching the scheme, several businesses have accessed the grant to procure accountant prepared business plans and financial information. This specialist support provided them with the ability and confidence to approach potential investors and financiers.

Restrictions

As a minimum, your business must:

Be trading in the Humber area – Hull, East Riding of Yorkshire, North East Lincolnshire, North Lincolnshire
Have less than 250 full-time equivalent employees
Have a turnover of less than €50m or a balance sheet of less than €43m
If eligible, SMEs will be able to apply for all aspects of the #GrowMySME programme.

What could it do for your company?

The Finance for Growth scheme can give you the specialist support you need to help with any financial aspects of your business growth.

Our advisors will also be able to signpost you to other solutions and relevant support as part of the wider #GrowMySME programme.

Our full package of support can help you apply the financial tools and techniques to achieve your growth potential.

Let us help you with:

Addressing the key issues preventing your business from accessing finance, such as ineffectual business planning and a lack of in-depth management information.
Assisting you to understand what lenders/investors are looking for as an investment opportunity.
Helping you to understand the financial landscape and negotiate the financial options, products and support available.
Supporting you with applications to lenders and accessing equity funds

Our fully funded workshops, masterclasses and briefing programmes can help you develop the skills you need to enhance your understanding of all things finance. We have specially selected expert speakers and presenters so you can be confident that you’ll come away from the event with valuable skills and knowledge.

Who runs it?

Hull City Council

How to find out more?

To find out more click here

What is the grant available for?

Grants of between £1,000 and £5,000 (dependent on total eligible project spend) are available, eligibility will be identified through our business advisors and are discretionary and applications will need to be assessed.

Your advisor will be able to signpost you to other solutions and relevant grant programmes as appropriate and support you by making sure your business is ready for submitting your grant application.

Capital or Revenue or Both?

This is a revenue grant only.

What grant amounts are available?

Grants of between £1,000 and £5,000 (dependent on total eligible project spend) are available.

Who provides the grant?

Finance for Growth programme.

How to apply for the grant?

For further information please click here

Contact information:

https://www.growmysme.co.uk/finance/

01482 615359

Additional information

Closing Date: 30/06/2023

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