RGF & ERDF

Overview

The £3.2 billion Regional Growth Fund (RGF) supports eligible projects and programmes that are also raising private sector investment to create economic growth and lasting employment. Selected bidders must draw down their grants between 2011 and 2017.

Rounds 1 to 5 of the RGF have supported 430 projects and programmes across England – allocating £2.9 billion of government support. BIS estimates that this to deliver 573,000 jobs and £16 billion of private investment between now and the mid-2020s.

To date companies have drawn down £906 million of RGF support, delivering nearly over 88,700 jobs and £2.4 billion of private investment. Round 6 made over £200 million available to bidders.

RGF funding of less than £1 million

If you run a business and are looking for funding of less than £1 million, you may be able to apply to an RGF programme.

Featured Programmes

Green Bridge Supply Chain Programme

Due to very limited Green Bridge Supply Chain Programme funding remaining, this will be the final competition round in which SMEs can apply for Green Bridge funding.

Round 15 is a special funding round which will run for a very limited period, opening on 27th October and closing on 14th November 2014.

As funding is restricted in this final round, we strongly recommend that you do not wait until the competition closing date, as you risk losing out on the opportunity, but submit your application as a matter of urgency and well ahead of the funding round deadline.

Preference will be given to "quick win" projects, where spend will be made within a maximum of 2 months following approval by the Birmingham City Council Investment Board.

There will be 2 funding bands in Round 15.

  1. If you are looking for grant funding of between £10k up to £100k, then you will need to apply for the European Regional Development Fund Green Bridge Supply Chain Programme.
  2. If you require grant funding £100k up to £1 million, then you will need to apply for the Regional Growth Fund Green Bridge Supply Chain Programme.

European Regional Development Fund – Property Assistance Programmes

BCC secured over £8m from the European Union to support small and medium businesses and enterprises who wish to improve and develop their land and property. Grants are still available in three areas of the city and you are invited to apply.

There are two levels of funding:

  1. Property Assistance Programme - Grants are available up to 50% of the eligible project costs, up to a maximum grant value of £100,000. Applications are still invited and will be considered on a first come first served basis, until the funding is allocated.
  2. Key Opportunities Programme - Grants of up to 35% of the eligible project costs, from a minimum grant value of £100,000. A third open call for Tyseley has been launched. Applications are now invited until mid-day on 25th November 2013.

The emphasis of the grant is to help enable physical improvements to properties, generate employment growth, retain jobs and enhance economic competitiveness. To achieve this, the end use of the building would generally be for manufacturing and processing or office uses, as defined by Classes B1 and B2 of the Planning Use Classes Order. Please note retail, housing, education and leisure uses are not eligible. Talk to us if you are unsure.

Works could include new building work, extending existing commercial premises, internal works, fixed plant and equipment, and demolitions, land clearance and reclamation which would lead to new commercial space.

The Black Country Business Property Investment Programme through the LEP

Are you a small or medium sized business looking to expand or relocate in the Black Country? Do you need grant finance to make your development viable?

Up to 35% of eligible development costs are available towards your build project costs.

The Black Country Business Property Investment Programme presents another fantastic opportunity for Black Country Businesses to bid into a fund to support business and enterprise growth.

The programme is currently closed.

For more information on RGF funding and local grant programmes in your area call us on 0121 212 6580 or email info@advantage-ba.com

RGF & ERDF funds help projects which offer substantial benefits to the programme area and its communities. These projects would not take place without a grant. The rest of the funding, known as ‘match funding’, comes from other sources such as local authorities, government schemes, other public bodies and the private sector.

Rudi Kesic – Director at Advantage Business Agency
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