Manufacturing Grants
Grants are now more important than ever to UK business. The Economy has been in a recession for over 18 months. During recession growth plans are often put on the back burner. However a grant could help you still make vital capital investment your business needs.
RBS announced on the 14th of January 2010, that a £1bn Manufacturing loan fund will be put in place to assist the manufacturing sector. Great! However the minimum loan is £250,000. This does not help your average SME how may only be spending £250,000 and the bank wont want to give you 100% loan finance on that! So what is there available to SME manufacturers?
Well... GRANTS!
The UK is still a driving force in niche advanced manufacturing and the government has a large pot of money available to support this manufacturing base. This money is available to manufacturers in the UK through a national grant scheme and to those who have a new growth project which requires additional finance to make it happen.
Are you looking to grow through a capital investment project?
Do you require additional finance for the last piece of your funding jigsaw?
Do you know that 80% of England is now grant aided for Manufacturers?
Over the last 2 years in England alone there has been around £120m in grant offers made and accepted to English manufacturers. Including Scotland and Wales this figure is more like £200m.
What is this national grant scheme?
Grant for Business Investment
(GBI)
The scheme is a BERR grant scheme (formerly SFIE) which is administered on a regional level through the 9 Regional Development Agencies. The scheme is aimed at manufacturing companies to assist them in growing through financial assistance towards there capital investment programmes.
| | 2007 | 2006 |
| | Amount | Nos of Grants | Amount | Nos of Grants |
| East of England | £4.1m | 5 | £4.3m | 13 |
| East Midlands | £4.7m | 16 | £3m | 23 |
| London | £0.66m | 5 | £1.9m | 5 |
| North East | £15.7m | 76 | £12.7m | 97 |
| North West | £10.3m | 46 | £18.5m | 39 |
| South East | £0.3m | 4 | £2m | 3 |
| South West | £2.7m | 11 | £4.2m | 3 |
| West Mids | £15m | 40 | £10.9m | 32 |
| Y&H | £6m | 42 | £8m | 45 |
| Total | £59.8m | 245 | £65.9m | 294 |
| | | | |
| The data above is reflective of published BERR grant data on the SFIE scheme and relates to ALL offers made to successful applicants in England in Tier 1 & Tier 2 regions. On average over the past 3 years 90% of all offers have been over £75K with the largest being £6.8m to a large multinational manufacturer. The scheme is aimed at English SME's who operate in the manufacturing and/or added value sectors. |
|
|
|
|
|
|
Do you want to know more about the scheme and if you may be eligible?
All of the UK is now grant aided apart from London, more companies than ever before are now eligible for some of this grant money. In the North West alone, 50% of all new applications are from companies who were not in previously eligible geographical grant areas.
Don’t start your project before you speak to a professional about GBI as once you start a project you are not eligible for consideration.
UK Grants Limited are a leading national specialists on GBI. We have riased over £20m in GBI/SFIE and RSA grant finance since 1991 and are in the very best position to give you qualified advice and assistance ingetting hold of some of this money.
So don’t miss out – Some of that money could be yours!
Call us today to see if you are eligible.
Contact: Ian Heywood on 0870 240 3933
Or alternatively e-mail: info@manufacturinggrants.co.uk _____________________________________________________________
This site is sponsored by:
www.uk-grants.co.uk
The UK’s leading GBI grant consultancy
____________________________________________________________________
www.manufacturingfinance.co.uk www.engineering-grants.co.uk www.sfie.co.uk www.uk-grants.co.uk www.capitalinvestmentgrants.co.uk www.sfiegrantconsultants.co.uk www.grantlink.co.uk
www.gbie.co.uk www.gbigrant.co.uk www.gbi-grant.co.uk
