The Invest to Grow is a £16m programme designed to support private sector businesses, predominantly in the form of loan funding, to grow and create jobs.
Grants or loans - according to the needs of the business - are available for around 30% of the cost of investment to help create long term sustainable job growth. The business has to find around 70% of the project cost.
Minimum award size is £15k, so the minimum project cost is likely to be £50k. Maximum award size is £1m.
The programme is aimed at growth sectors such as Transport Equipment Manufacturing, Life Sciences, Construction, Food & Drink Manufacturing, Logistics, Low Carbon, Creative Industries and Visitor Economy.
