Coventry & Warwickshire businesses are encouraged to apply for the Investment Fund grant under the Business Support Programme funded through the European Regional Development Fund (ERDF).
Applications for the Investment Fund are welcomed from all sectors except retail and are available to established and new start-up businesses needing financial assistance.
The Coventry and Warwickshire Business Support Programme assists Small Medium Enterprises (SME) with fewer than 250 employees are encouraged to apply for the fund; in particular, companies looking to invest in capital assets, for example, machinery or equipment, hardware/software, refurbishment, or purchase of new premises – benefiting from up to 30% of grant to cover the costs of the investment.
The investment must create jobs in the region and the grant will not need to be repaid. Depending on the value of your investment you may qualify for grants from £1,000 to £50,000.
We are looking to support businesses that have not previously received grants from either Coventry City Council or Warwickshire County Council. However, businesses could also apply for funding under the Green Business Programme and/or Innovation Programme if the investment fits the eligibility criteria.
Expenditure will need to take place prior to December 2021 and a business will need to demonstrate the need for a grant to enable the investment to take place.