The Heart of the South West Local Enterprise Partnership (HotSW LEP) is inviting grant applications from foreign-owned companies with business growth projects. The scheme offers 40% match funding up to £150,000, and is aimed at foreign-owned businesses, supporting inward investment and the development of new job opportunities in the region. The programme is funded by the European Regional Development Fund (ERDF).
Companies must be a small to medium-sized enterprise (SME) employing less than 250 employees, with a turnover below €50 million a year in an eligible ERDF sector.
Funding is available to companies that are newly landed and existing, foreign-owned businesses that are based in the Heart of the South West. The funding can be used to support the expansion of SMEs from EU countries that are already located in the HotSW area but cannot support the costs of relocating to the area from the EU.
Funding is available for both capital and revenue investment, including machinery, fixtures, fittings, business accommodation and workspace, services & consultancy, digital marketing, intellectual property, quality management, and IT systems.
Alongside the grant scheme, businesses will be entitled to a business support brokerage service.
Focus of fund/fund aims:
Grants up to £150,000 for foreign-owned SMEs based in the Heart of the South West LEP area.
Contact the Heart of the South West LEP for details