PRESTIGE SHOWCASE
WEST MIDLAND SME’s IN LINE TO BENEFIT FROM FURTHER FUNDING SECURED
Birmingham City Council has £93 million of programme funding available designed to help businesses in the region develop and provide employment, among which the Greenbridge Supply Chain Programme (GBSCP) helps SME supply chain companies develop, grow and diversify their businesses within the green sector in the West Midlands.
The latest funding round consisted of two streams, the European Regional Development Funded GBSCP assists start up businesses and existing SMEs based in the West Midlands region, looking for grants of between £10k up to £100k. This fund supports investment in equipment and improvements in systems or processes/relocation & expansion into new premises/market development/new product development/business consultancy, coaching & mentoring. ERDF funding is available until June 2015.
The Green Bridge Supply Chain Programme has secured another £15m in the latest tranche of funding available to SMEs in the local enterprise partnership areas of Greater Birmingham & Solihull, Black Country, Coventry & Warwickshire, The Marches, Staffordshire & Stokeon Trent and Worcestershire, part funded through the Government’s European Regional Development Fund (ERDF) and managed by Birmingham City Council.
Round 7 of the competition has unallocated funding of £3m from both the Regional Growth Fund (RGF) and £15m from the European Regional Development Fund.
Both programmes are delivered in partnership with the 6 Local Enterprise Partnerships across the West Midlands Region.
To date, across both funding streams, 176 applications have been approved, equating to £84m of total project costs, and forecasts of almost 1,900 new jobs with over 1,000 jobs safeguarded.
Birmingham City Council has also recently launched the Business Innovation Programme
www.birmingham.gov.uk/bip a £9 million package of support, part funded by the European Regional Development Fund to stimulate innovation within SMEs and to encourage and enable existing businesses to invest for the future, to lever private sector investment, create new and safeguard existing jobs.
Existing West Midlands SMEs can apply to the Regional Growth Funded GBSCP for grants of over £100k up to £1million. This fund has £3m to be allocated in Round 7, for the purchase of capital equipment/improvements in systems & processes/relocation and expansion into new premises/new product or new market development/development of management & staff capability.
Full details of the programme are available on
www.birmingham.gov.uk/greenbridge
The programme offers grant based financial assistance of £10k £30k to support existing SMEs based in the West Midlands Region, which have been trading for 6 months or more and are ready to undertake investment in innovative production processes. This must lead to new products, which are 'close to market'.
Each application will be required to demonstrate viability, need, job creation, sustainability and new investment being linked directly to the creation of new jobs and safeguarding of existing jobs.
Further help for SME’s based in the Greater Birmingham & Solihull Local Enterprise Partnership area is available from the £8m Business Development Programme, launched to support existing small to medium sized enterprises (SMEs) with grants of £10k £15k.
This part funded ERDF programme is designed to help more than 400 qualifying existing SMEs to implement their growth and expansion plans, and has received £3.9m from the European Regional Development Fund, more details can be found at
www.birmingham.gov.uk/bdp
CONTACT:
To learn more about the full array of business support on offer, visit
www.birmingham.gov.uk/supportforbusinesses
GREATER BIRMINGHAM CHAMBERS OF COMMERCE DIRECTORY 2014/15 97
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