Major Growth Investment Grants available for SMEs

Small and medium sized enterprises (SMEs) in Northamptonshire can from today apply for up to £25,000 of grant funding to help stimulate growth and create jobs in the county.

The Major Growth Investment Grant (MGIG) initiative is part of the Ready2Grow business support project which is part-funded by the European Regional Development Fund and is delivered in Northamptonshire by the Growth Hub, the University of Northampton and Northamptonshire County Council.

Anyone wishing to know more can call the Growth Hub on 01604 212696, or email R2G@northamptonshiregrowthhub.co.uk for details on eligibility and how to apply. Applications should be submitted by 12 noon on Friday, September 29, 2017.

Cllr Andre Gonzalez De Savage, county council cabinet member for strategic infrastructure and economic development, said:

“I’m delighted to announce the first open call of the MGIG funding from August 21, 2017.

“This initiative will use ERDF funding to make sound investments in those small and medium sized enterprises which form the cornerstone of the recovering county economy.

“We’re seeing some very real progress here in Northamptonshire and I’m confident of our continued success on the journey towards prosperity.”

Julie Tebbutt, Head of Operations at Northamptonshire Growth Hub, added:

“We understand that there are often significant barriers to growth for SMEs and the Major Investment Grants have been created to help break down those barriers in order to let businesses thrive.

“We’re very much looking forward to supporting the growth of SMEs through this initiative which will lead to the creation of more and more jobs in the county.”