Business Growth Programme – Just £4M Remains!

The Business Growth Programme (BGP) is still taking applications for grants to help grow businesses in Greater Birmingham and Solihull, The Marches and Stoke-on-Trent and Staffordshire LEP areas.

Of the initial £33m available, just £4m remains, with applications coming in to secure funding, it is only a matter of time until available funds are depleted. If you are operating a business in these areas and are trying to expand your reach, this could be the perfect opportunity to do so. The scheme has been developed to encourage growth of businesses and support job creation in the process.

It has proven to be successful in doing this across many different organisation, with Cox Exhibitions stated that the grant “enabled us to expand our UK office” as well take on employees in the process. Other organisations have responded to the programme citing tremendous success, with one saying “this grant has enabled us to expand our current workspace, take on more staff and meet the growing demand for our products.”

Grant funding can be between £10k up to £167k to support your project. Funding can be granted towards: capital expenditure, new product development, market development, building information modelling, relocation and expansion, site investigation, site preparation and building and construction.

For further information visit www.birmingham.gov.uk/BGP. Or contact the Grants Hotline at 0121 464 6456 or email bgp@birmingham.gov.uk to see if your business is eligible, have a look at the 9 points outlined on the BGP website.