If you are an SME manufacturer, the Manufacturing Growth programme provides many advantages for you, including:
By joining the Manufacturing Support Programme, you can benefit from:
If you’re a manufacturing SME, we’d love to find out more about your business and discuss how we can support you to achieve your growth plans.
To apply you must be:
1. An SME as defined by the EU definition. This means your company or group of
Companies must have:
a) Fewer than 250 employees
b) A turnover less than or equal to €50 million OR
c) A balance sheet total less than or equal to €43 million
2. A manufacturer, defined as:
“A business that engages in any economic activity directly related to a product or production process they have researched, designed or produced, or otherwise hold core intellectual property in.”
If you are unsure if you meet this definition, please get in touch with your
local Manufacturing Growth Manager.
3. Able to demonstrate the intention to grow/ improve – (through creation of
increased turnover, increased jobs and/ or introduction of new
Businesses operating mainly in the following sectors are unfortunately not eligible:
Fishery and aquaculture
Primary production, processing and marketing of agricultural products
Coal, steel and shipbuilding
To be suitable for the Manufacturing Growth Programme you must be able to
demonstrate an intention to grow/improve. This may be through the creation of
increased turnover, increased jobs, improved productivity and/or the introduction
of a new product, service or process.
The grant is funded by the European Regional Development Fund (ERDF) to
support the cost of working with an external expert/coach of your choice to
implement a pre-agreed Improvement project as detailed within your Action plan.
Grant values are specific to each business application. Typical project value of £5,000 with a minimum grant value of £1,000. Capital grants are available and will be considered for exceptional cases (subject to panel approval).
The % of grant funding support is based on each individual business case and
supported by the Category of Region (more developed region or transitional
region) these are based on Local Authorities.
The scope of support provided and action plan provided will be specific to each
applicant’s growth needs and will be discussed in detail with their dedicated
Manufacturing Growth Manager. It will typically cover:
Grant supported Improvement projects must be completed, paid and claimed for
within 4 months of grant confirmation.
SME beneficiaries are at liberty to select any consultant/ coach of their choice,
provided they can evidence and justify value for money in their selection.
To apply, click here: https://www.manufacturinggrowthprogramme.co.uk/
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