The Growth Fund

Grant funding for business growth projects that lead to job creation. The scheme is part-funded by the European Regional Development Fund (ERDF)

• From: Department for Business and Trade
• Published: 8 January 2021

• Type of support: Finance, Grant and Expertise and advice
• Business stage: Start-ups (1-2 years trading) and Established
• Industry: Construction, IT, digital and creative, Life Sciences, Manufacturing and Science and technology
  Show 3 more
  Service industries, Transport and distribution, and Travel and leisure
• Number of employees: 0 to 9 employees and 10 to 249 employees
• Region: North East

Who it’s for

Small and medium-sized businesses located in Gateshead, South Tyneside & Sunderland, planning an expansion project with costs of at least £134,000.

What you can get

A capital grant of between £40,000 and £200,000 to cover up to 30% of eligible expenditure. All projects must lead to additional employment in the business.

There are a range of grant percentage thresholds for the scheme. These are dependent on whether the applicant company is a small or medium SME and whether they (or their project if it’s a relocation) are located in an “assisted” or “unassisted” area.

ERDF criteria applies.

How to apply

Speak to the provider to discuss your specific project. You can also express your interest using the online form.

on the Growth Fund website

Published 8 January 2021