Northumberland is buzzing with new opportunities for businesses! Recently, two grant schemes have been introduced to bolster capital investment and job creation. Whether you’re a budding enterprise or an established player, these grants offer a golden chance to elevate your business.
1. Business Growth Fund – Umi’s Gateway to Expansion
- Who Can Apply: Open to all company sizes, including subsidiaries of larger corporations.
- Grant Details: Offers 30-40% of investment value, capping at £300k.
- Project Completion: All projects must wrap up by 31 March 2025.
- Application Time: Expect a 4-6 week processing period.
- Eligibility Criterion: Must demonstrate the grant’s necessity for investment.
2. Northumberland Small Business Service – Rural Revitalization
- Target Group: Tailored for businesses with fewer than 50 full-time employees, based in Northumberland’s rural areas.
- Exclusions: Major parts of Blyth, Bedlington, and Cramlington. (Contact for eligibility check in these areas.)
- Grant Details: Similar to the Business Growth Fund in terms of percentages and cap.
Need More Info? We’ve just skimmed the surface. For detailed insights and application guidelines, visit Business Growth Fund and Northumberland Small Business Service. And, if you’ve got questions, we’re here to help. Contact us anytime!
Conclusion: Northumberland’s new grant schemes are a game-changer for local businesses. Whether it’s to start a new project or scale an existing one, these grants are your ticket to growth and success.
