The Lancashire Manufacturing Growth Fund provides SME manufacturers in the county impartial manufacturing expertise to assess business opportunities and barriers to growth in order to make improvement recommendations and identify a suitable consultancy project for grant support where appropriate. Projects will be approximately £15k in scale and attract a 36% grant.
What can it be used for?
We’re looking to support relatively significant projects with a value of around £15k which would attract a grant of £5,400. Eligible projects include those that lead to job creation, help to develop new products or services and bring them to market, plus drive up productivity.
How can my business benefit?
To apply for funding, you’ll need to speak to one of our specialist Manufacturing Advisors. First they’ll check you’re eligible to receive support from the European Regional Development Fund (ERDF), then they’ll visit you on-site to understand more about your growth ambitions and the steps you want to take to deliver those ambitions.
They’ll act as an impartial set of eyes in your business, helping to identify and define improvement recommendations and a consultancy project that will unlock your potential and could be suitable for grant support. They’ll also help you search the marketplace, securing quotations from potential suppliers and help you to select the most suitable expert for your business.
From there, you’ll receive support to complete a grant application form, setting out the scope, timeline, cost and intended results of your project. Successful applications will be those that help to create jobs, introduce new products or services to your customers, reach new markets or drive up productivity.
How much does it cost?
Businesses benefitting from the 36% grant will need to fund 64% of the consultancy project themselves.
For more information and to apply for the grant please contact Boost on 0800 488 0057 or:
Steve Wilkinson, Manufacturing Advisor, Lancashire Business Growth Fund
Phone: 07595 466 817