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Sunday, 24 May 2015

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Success to be celebrated

TO enable Cumbrian businesses to become “fit to grow” there is a scheme available now across Cumbria to help finance important capital investment projects over the next 10 to 12 months.

Called a discretionary RGF grant, it can be used to complement companies’ own resources and bank funding.

The funding is available through a Cumbria-wide Regional Growth Fund scheme, Up until June 30, it can offer large companies with 250 or more employees up to 15 per cent as a discretionary grant towards eligible costs, therefore the grants will be limited to 10 per cent due to new EU rules.

For medium sized and small firms grants can cover 10 to 25 per cent of eligible costs. There is also an additional supplement if you are planning to invest in research and development with a whole suite of materials, patent registration, labour and other costs potentially eligible for grants and rates up to 50 per cent of eligible costs.

Now is the time to ask Furness Enterprise and/or the Growth Hub for Cumbria for either an initial expression of interest stage one grant form or a full grant application form and to request our joint “free” assistance with the filling in of the forms, the preparation of accompany business plans and associated material. If you wish to start the application process contact myself by email marked RGF Confidential on sklosinski@furnessenteprise.co.uk.

There’s potential to have Cumbria Local Enterprise Partnership review and determine your RGF grant proposal quite quickly, as it convenes its growth panel every month.

Across Cumbria millions of pounds of the Regional Growth Fund grants have already been awarded and, with a significant sum still available, it’s a local flexible financial incentive that manufacturing businesses especially should seize as an opportunity now.

New potential tender and contact opportunities are emerging in Ulverston as GlaxoSmithKline advances its planned biopharmaceutical development’s early stages. Following the indication in April by GSK that investment might get under way late next year, the company’s local website www.GSK-Ulverston.co.uk/opportunities.asp is inviting businesses to register interest in undertaking all or part of the planned new site entrance and car park build contract arrangements. There is particular mention of smaller suppliers and sub-contractors involving building works, landscaping, mechanical, electrical, masonry and stonework.

It’s great to see multinational firms seeking local suppliers. It’s also great to hear from Dong Energy that its potential Walney 3 Wind Farm has a potential value of around £2bn.

At The Forum tomorrow, we will be celebrating, with the Federation of Small Businesses, as part of Celebrating Success 2014, business success with a host of exhibitors, complemented by presentations by Andy Bernard on enterprise and Geoff Ramm on marketing.

The event runs from 4pm to 7pm. Book by phone on 01229 820611 or just go along, it’s not to be missed.


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