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Regional Growth Fund Grants Summary

Tue 10th June, 2014 by Leicester & Leicestershire Enterprise Partnership

The following grants are available through organisations which the council works in partnership with.

Regional Growth Fund Grants

Grants are available from £5k to £1m through the Leicester and Leicestershire Enterprise Partnership. If you’re a business in Leicester or Leicestershire, you could be eligible for a grant to help kick-start your business or help your company to grow. For more information or to submit an expression of interest, visit the LLEP website www.llep.org.uk/rgfllepsmegrowthfund

Grants under £25,000

Available in Leicestershire County through the ‘Enterprising Leicestershire’ programme:

• Grants are available from £5,000-£25,000.

• Grants can be used to purchase capital items only e.g. equipment, machinery, premises improvement, plant items and infrastructure improvement.

• Grants are available at a 2:1 (33%) investment ratio; therefore to access the minimum grant of £5,000 the total project cost must be £15,000, with £10,000 coming from private sources.

Grants between £25,000 and £150,000

Available in Leicester and Leicestershire through the LLEP’s Regional Growth Fund 3:

• Grants can be used to purchase capital items only e.g. equipment, machinery, premises improvement, plant items and infrastructure improvement.

• Grants are available at a 3:1 (25%) investment ratio for companies employing less than 50 people, and a 9:1 (10%)investment ratio for companies employing more than 50 people (but less than 250).

Grants from £150,000 - £1 million

Available in Leicester and Leicestershire through the LLEP’s Regional Growth Fund 4:

• Grants can be used to purchase capital items only e.g. equipment, machinery, premises improvement, plant items and infrastructure improvement.

• Grants are available at a 4:1 ratio (20%) investment ratio for companies employing less than 50 people, and a 9:1 (10%)investment ratio for companies employing more than 50 people (but less than 250).

To be eligible for all programmes business must be trading business to business i.e. non-retail. Other sector exclusions apply.

Please note: the above is a simplified form of the programmes; it is advisable to contact officers before applying as each application will be assessed on a case by case basis. For all programmes, it will be necessary to demonstrate job creation/safeguarding, need and value for money.

To discuss your grant requirements and eligibility contact the Leicester and Leicestershire Enterprise Partnership on admin@llep.org.uk or 0116 454 2917

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