Updated 8:10am 25 May 2013
Let’s Grow is a £30 million Regional Growth Fund programme running from February 2013 to December 2014.
The programme is the result of collaboration between Trinity Mirror Group, BE Group and UNW LLP and will provide grant support for capital investment and R&D projects creating or safeguarding jobs in the North East of England.
The programme will be run as a series of quarterly competitions promoted by The Journal and Evening Gazette and the first competition is open now for expressions of interest.
Who can apply?
Let’s Grow is available to businesses based in the North East, and will be focussed on manufacturing businesses and service sector businesses which offer more than a local service. We are looking to support projects of £200,000 or more in value which not only meet the scheme criteria, but also offer the highest levels of impact and the best value for money. Businesses of all sizes can apply, but non-SMEs will need to be located in an Assisted Area to access support.
What are the main criteria for support?
Successful applications must:
· create or safeguard jobs within the applicant company
· be planning expenditure on capital assets and/or R&D
· make a clear case for needing grant support
· have adequate private sector funding for the project
· comply with State Aid regulations
How much support is available?
The amount of support available will depend on a number of factors such as the location of the project, the size of the company, the types of expenditure planned and the level of job impact. Grants will be offered in the range £50,000 to £1 million and in most cases the level of support will be between 10% and 25%.
How do I apply?
Enquiries can be made to the BE Group Customer Services team on 0191 426 6408.