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Funding available for enterprising new businesses

Budding entrepreneurs and new businesses are being urged to attend a special clinic that will help them to grow and be successful.

Taking place on Thursday 6 July, from 9.30am until 4pm at Malvern Hills Science Park, the session aims to guide businesses through the process of applying for a Start-up and Early Stage Business Grant.

Worcestershire Business Central will be hosting the clinic, in partnership with Malvern Hills District Council and other Worcestershire district councils. 

The Enterprising Worcestershire Start-up and Early Stage Business Grant is in place to provide support to small and medium sized enterprises (SMEs) as they start up and look to grow their business and realise their potential, and is part funded by the European Regional Development Fund.

Businesses that are eligible for the grant will have access to funding between £1,000 and £5,000, awarded on a match funded basis, to use towards the capital and revenue expenditure required to grow their business.

This means that if a business is looking to spend £2,000 on things like equipment, machinery, fixtures and fittings, website construction, consultancy, logo design or software – they can apply for a grant of £2,000, which would mean they have £4,000 to spend on these things.

David Chambers, Leader of Malvern Hills District Council, said: “The clinic is a brilliant opportunity for new businesses to find out how they can apply for funding that could take them to the next stage in their development. It is also good to have businesses that are looking to grow and create jobs in the area.”

The grant is open to SME businesses and start-up enterprises in Worcestershire that have been trading for less than 36 months prior to the date the application is received.

The enterprise must be trading, or if a start-up intending to trade, and the trade must be 70% business-to-business. The enterprise must create 36 hours or more employment per week for the applicant.

To book a slot at the clinic telephone 01905 677888 or email info@business-central.co.uk.

Visit www.business-central.co.uk/enterprising-worcestershire for more information.