What is the Business Growth Grant?
The Business Growth Grant is part of Business Gateway Growth Hub project funded by the European Regional Development Fund (ERDF) and run by Leicester City Council in partnership with East Midlands Chamber (Derbyshire, Nottinghamshire, Leicestershire), Leicestershire County Council and the Leicester and Leicestershire Enterprise Partnership (LLEP).
The project supports small and medium-sized enterprises (SMEs) in Leicester and Leicestershire who are looking to grow or develop their business.
Grants from £2,000 up to £25,000 are available providing 35% towards the cost of capital projects (e.g. new machinery, tools, premises improvement or expansion).
A business adviser will support you throughout the process.
Please note: only SMEs trading business-to-business for at least 24 months and based in Leicester or Leicestershire are eligible.
An SME is defined as:
- employ fewer than 250 people or volunteers
- have a turnover of less than or equal to €50M and/or have a balance sheet of less than €43M
- have received less than €200k in public grants in the last 3 years
- do not have more than 25% of the organisation owned by an enterprise that in itself is not an SME.
Discuss your needs with one of our team to determine your next steps. Call us on 0116 366 8487 or use the Submit an Enquiry form below.