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 identify a suitable consultancy project for grant support. Projects will be £10k in scale and attract a 30% grant.
What can it be used for?
We’re looking to support relatively significant projects with a value of around £10k which would attract a grant of £3k. 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 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 a consultancy project that will unlock your potential and could be suitable for grant support. They’ll also help you search the marketplace, securing three quotes and selecting the most suitable expert for your business.
From there, you’ll 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 30% grant will need to fund 70% of the consultancy project themselves.
For more information and to apply for the grant please contact Boost on 0800 488 0057 or:
Anne Campion, Manufacturing Services Manager, Lancashire Business Growth Fund
Phone: 0161 237 4196