Manufacturing Grants
Grants are now more important than ever to UK business. The Economy is slowing and a possible recession is on its way. In this times growth plans often get put on the back burner. However a grant could help you still make vital capital investment your business needs.
The UK is still a hotbed for great British 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 |
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| 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. |
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Do you want to know more about the scheme and if you may be eligible?
As 80% of England is now grant aided, more companies than ever before are now eligible for some of this grant money. In the North West alone, 50% of all new applications now are from companies who were not in previously eligible geographical 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 the leading national specialists on GBI. We live and breath the scheme and are in an enviable position to give you the very best advice and chances of getting 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 SFIE grant consultancy practice
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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
