Following the ongoing success of the Coventry City Council Business Support Programmes, there is now additional funding which has now been awarded which local businesses are able to take advantage from.
Coventry & Warwickshire businesses are encouraged to apply quickly for the Investment Fund grant which is running to the end of 2022 and is being funded through the European Regional Development Fund (ERDF), it’s on a first come first served basis.
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; 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 10% of grant to cover the costs of the investment. Depending on the value of your investment you may qualify for grants from £1,000 up to £25,000.
They are looking to support businesses that have not previously received an ERDF grant from Coventry City Council's current Business Support Programme.
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 March 2023 and a business will need to demonstrate the need for a grant to enable the investment to take place.
To apply for the Investment Fund, please get in touch with one of their Business Development Advisors who will be able to assist. The grants will be awarded on a first-come, first-served basis or until the funds run out and applications must be submitted by the end of December 2022.
For further information please email investmentfund@coventry.gov.uk or call 024 7697 2046
Find out more
https://www.coventry.gov.uk/business-finance-funding/funding-programmes/2
