Growing Business Fund

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  • Are you an established and growing business?
  • Are you looking to invest, expand and recruit new staff?
  • Are you seeking capital funding to make this happen?

Our Growing Business Fund offers grants up to £500,000 for local businesses which want to grow and create new jobs.

The grants can cover up to 20% of the total project cost.

To find out more, contact one of the New Anglia Growth Hub’s Business Advisers on  0300 333 6536 or growthhub@newanglia.co.uk for free advice.

The Fund is delivered by New Anglia LEP in partnership with Suffolk County Council and Finance East.

 

How to apply

Please contact the New Anglia Growth Hub on 0300 333 6536 or growthhub@newanglia.co.uk. Our Business Growth Advisers offer free, impartial support and will guide you through the application process.

The advisors can:

  • Meet you face-to-face to discuss your growth plans
  • Advise on eligibility to apply
  • Help identify possible sources of match funding
  • Provide guidance on the application forms
  • Support you throughout the process

View our Growing Business Fund grant approvals from 1 April 2018 to 31 March 2019 here.

Case study: Mirus Aircraft Seating

The Growing Business Fund has awarded just over £23.9m in grants to 235 projects generating over £187.3m of private match funding and creating over 2790 jobs.

Figures: May 2019

Guidance and contacts

More information and guidance can be found in our Grant Programme Guidance.

The Growing Business Fund Terms of Reference can be found here.

If you are interested in applying for a grant or want to discuss your expansion plans, please contact the New Anglia Growth Hub on 0300 333 6536 or growthhub@newanglia.co.uk  who will assist you with the grant application process or advise you as to possible alternative business support programmes should you be ineligible.

 

The New Anglia Growth Hub has produced a Webinar giving more information on the Growing Business Fund. The video is available above to watch.

Please note, we cannot be held responsible for any advice on eligibility you receive from third parties with respect to the grant programmes and we will not accept Expression of Interest forms through any route other than the Growth Hub whose services are free of charge.

Large Company Capital Grant Scheme

  • Are you an established and growing large business?
  • Are you planning a significant capital investment in the New Anglia region (Norfolk and Suffolk)?
  • Will your project create new jobs and involve supply chain SMEs?

Our Large Company Capital Grant scheme could help to support companies in very specific circumstances, where capital investment is planned in the region, creating new jobs and ensuring that businesses continue to be located within Norfolk and Suffolk.

Grants could cover up to 15% of the capital costs of a project, subject to State Aid legislation.

Funding must be claimed, with evidence of spend, by March 2021.

To find out more contact Iain Dunnett, iain.dunnett@newanglia.co.uk

Case Study: CIM Signs and Graphics

"It’s a very exciting time at CIM. Business continues to grow, enabling us to further invest in new facilities, machinery and staff."

-Mark Baker, managing director of CIM

CiM Signs and Graphics