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Due to a high volume of applications we have temporarily closed the fund to new submissions whilst we process those currently in our system. To register an interest for future funding opportunities please fill out the enquiry form here to be notified of future funding rounds.
Grants from £5,000 - £9,000. 30% match funding required.
The Business Development Fund is targeted at SME businesses based within Telford and Wrekin. The fund aims to support:
It will do this by offering match funded grants from £5,000 to £9,000 for specialist support services as part of a growth plan.
These may include but are not limited to:
This fund is open to business from B2B and B2C categories, however applications will be prioritised from businesses operating within the following sectors - manufacturing, engineering, digital, professional or other office services, logistics and distribution, wholesale, construction and environmental.
Businesses who are seeking to procure specialist 3rd party support from other businesses are able to secure up to 70% of the total project cost, up to a maximum of £7,000 grant.
Businesses who are seeking to procure specialist 3rd party support from Higher Education
Facilities are able to secure up to 70% of the total project cost, up to a maximum of £9,000 grant.
Next Steps
All businesses will be required to go through a three stage application process:
All applications will be assessed against pre-defined criteria, we anticipate high volumes and with a limited amount of funds we will not be able to support all projects that are submitted.
We encourage all applicants to work with the Invest Telford team to fully scope out the proposed project to align with fund goals and maximise the chances of success.
The onus is on the applicant to complete the application correctly, provide the necessary information and demonstrate that it meets the requirements of the fund. There will be no appeals process and the ability to provide comprehensive feedback will be limited.
Application timings
All dates are subject to change, any updates will be show here on the fund page.
Fund document and links
If you have any questions please contact us through the enquiry form here.
The Invest in Telford team can deliver bespoke, turnkey solutions to ensure your development is completed to requirements.
We are able to cover the complete construction process from initial concept through design, process from initial concept through design, tendering and construction to the delivery of a completed building and its future maintenance.
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