A number of Local Enterprise Partnership (LEP) organisations were successful in bidding for Regional Growth Fund (RGF) finance to offer grant funding from £10,000 to £2,000,000.
Most of those LEPs have allocated significant funding but have also had a number of project which, although approved, have not gone ahead. This means that there is still LEP grant funding available over the next 12 months.
Most of the funds will support SME’s on capital projects but research and development (R&D) projects are also supported. Grant levels vary but are typically between 10-30% of eligible expenditure.
Soapstone has been extreamly successful to date, with all applications progressing to offers.
For a quick guide to whats available and where, click here.