New round of funding launched to help local businesses grow - Business Leader News

New round of funding launched to help local businesses grow

WOE LEPThe West of England Local Enterprise Partnership (WE LEP) has today announced a third round of its Growth Fund.

The organisation is encouraging local businesses to get in touch for a share of the money.

This third round follows on from two successful rounds that have seen nearly 300 businesses successfully bid for a share of the £25 million pot.

Antony Corfield, funding manager of the WE LEP, comments: “The first two rounds of the West of England Growth Fund have enabled us to award funding to a whole range of businesses to help with capital investment, job creation and research & development.

“The £25 million has to be spent by April 2015 otherwise it goes back to the Government, so we’ve launched a third round to make sure we get as much out to local companies as possible before then.”

The West of England Growth Fund aims to bring about job creation and private sector investment that would otherwise not have happened, or that can be accelerated through public sector grant support.

The money, which can part-fund projects, can be used towards capital investment for SMEs, research and development, training, employing disabled or disadvantaged workers, and supporting female entrepreneurs to start businesses.

Full details of the Fund, including how to apply, can be found at*.