Growing Business Fund

The New Anglia Local Enterprise Partnership is calling for local businesses wanting to grow and create new jobs to apply for grants through the Growing Business Fund.

The Fund is made up of two programmes: a Small Grant Scheme, for grants between £5,000 and £25,000, and a larger scheme for grants between £25,000 and £500,000.

Both programmes are delivered by New Anglia LEP in partnership with Suffolk County Council and Finance East, and supported by OrbisEnergy.

Small (including Micro) sized businesses may apply for a grant of up to 20% of the total project cost needed for investment, and be used to leverage funding from other sources, such as banks and other financial organisations, while Medium sized businesses may apply for up to 10% of the total cost of the expansion project.

Businesses based in an Assisted Area in either Norfolk or Suffolk may be eligible for the following levels of grant funding:
– Small (including Micro) businesses – up to 30%
– Medium sized businesses – up to 20%
– Large businesses – up to 10%.

If you’re not sure if you are based in an Assisted Area, you can check here.

To be eligible for grant funding, applicants must meet the following essential criteria:

  • Be a trading and growing small or medium-sized enterprise;
  • Be based in Norfolk or Suffolk;
  • Be ready to invest, expand and recruit new staff in the local area;
  • Be able to evidence secured match funding from private funds;
  • Be able to prove a need to apply for a grant;
  • Be able to create at least one new job for every £10,000 worth of grant.
  • Additional criteria apply to Large businesses.

For more information on both programmes and to access the Grant Programmes Guidance click here.

If you are interested in applying for a grant or want to discuss your expansion plans, please contact the team at OrbisEnergy.

 

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The Team

Katie Snell

Having worked within the property department for 9 years, I have had the pleasure of working within the majority of the Nwes sites in the Norfolk and Waveney area. For the last 2.5 years I have been based at OrbisEnergy and more recently as Senior Coordinator overlooking the renewable hub and team.

Devon Mills

Devon has joined the team at OrbisEnergy as an Administration Coordinator in November 2014 and more recently a Centre Coordinator in January 2016. Having previously worked within various customer service roles she is pleased to be able to apply her skills and knowledge to her position at OrbisEnergy.

She is keen to build a strong understanding within the Offshore Renewable industry, whilst being able to develop a good mind for business and sales.

Johnathan Reynolds

Johnathan is responsible for all aspects of business and supply chain development for the flagship innovation and incubation centre for offshore renewables in the east of England, OrbisEnergy.

Matthew Holden

Matt’s role is Technical Support Manager, his main duty is leading the European Clusters for Offshore Wind Servicing Project (ECOWindS, www.ecowinds.eu) on behalf of Nwes. In addition to ECOWindS Matt’s role is provide support for the property team and to carry out specific project work.

John Balch

John is Managing Director of Nautilus, Director of Nwes and Hub Director of OrbisEnergy and Beacon Innovation Centre. He is a mechanical engineer and has broad experience gained over 40 years in the international offshore industry.

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