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Birmingham City Council offer £23.5million in grant funding to help grow local SME and Start Up Businesses

Posted on: Thursday 27 June, 2019
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Visit Programme Development Team to Learn More at the Festival of Enterprise 2019 – STAND J24

Birmingham: June 2019: If you are an SME or Start-Up business in the Birmingham area, then we have some great news for you.

Less than a month ago, Birmingham City Council launched a £23.5m Business Growth Programme 2 (BGP2), a targeted grant scheme that will financially support the growth plans of eligible local enterprises in the Greater Birmingham and Solihull and Marches Local Enterprise Partnership (LEP) areas.

BGP2 has been created to improve business confidence, encourage private sector investment and create local employment. Part-funded by the European Regional Development Fund, and managed by Birmingham City Council, the programme launched in April 2019 and is now officially open for business.

Grants of between £10,000 and £1,000,000 are available for existing B2B SMEs, based in either of these LEP areas, with grants of up to £10,000 are available for eligible B2B Start-Ups located in the Marches Local Enterprise Partnership area only.

Speaking about the launch of BGP2, Waheed Nazir, Strategic Director of Inclusive Growth at Birmingham City Council, said, “I am delighted that our business development and innovation teams will be showcasing the European Regional Development Fund Business Growth Programme 2 at this year’s Festival of Enterprise 2019 event. I would strongly encourage SMEs to come and visit Stand J24 learn more about how these business grants are offered and how they can help your enterprise grow. With over £20million in grants available to dynamic and forward thinking companies, there is much to be gained by working together.”

Eligible companies include; supply chain companies investing to develop and grow; SMEs investing in innovative close-to-market processes, new products and services; business looking to expand, relocate and conduct marketing activities; and new Start-Ups or businesses trading less than six months, looking to consolidate – based in The Marches area only.

If you are a business seeking growth then your project could qualify.   Grants are subject to eligibility criteria.  For details, please visit Birmingham City Council’s website to find out more details www.birmingham.gov.uk/bgp2

 

Written on: Thursday 27 June, 2019

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