Bournville College and The Birmingham Post have joined together to offer businesses improved access to grants from the government’s Regional Growth Fund. A launch event was held in central Birmingham on Monday (23rd April) for the Birmingham Post Regional Growth Fund.
Birmingham Post editor Alun Thorne and B0urnville College principal Normal Cave gave details of the jointly managed fund at the launch event attended by around 60 entrepreneurs and local business people.
The fund enables small and medium sized businesses in Birmingham, Solihull and Coventry to apply for grants of £10,000 to £100,000 and will be available for enterprises, entrepreneurs, SMEs and start-ups that can provide up to 50 per cent match funding. Grant recipients will also be given support, skills assessment and training.
The £2.4 billion Regional Growth Fund was established by the government last year in a bid to help businesses grow and provide more jobs. The minimum grant that can be applied for directly is £1 million, excluding smaller businesses from benefiting from the fund.
The Birmingham Post, who themselves received a grant of £5 million from the Fund, have partnered with Bournville College in Longbridge to give smaller businesses and start ups the opportunity to apply for smaller grants from the Regional Growth Fund and to offer support.
Norman Cave, Principal at Bournville College said: “Bournville College is delighted to be managing this important and exciting initiative. Through this grants scheme we want to provide a much needed lifeline to innovative small and medium sized businesses and enterprises to enable them to grow and prosper in difficult times and provide a structure for creating real jobs and training to meet their specific needs.”
In February, business secretary Vince Cable told the Birmingham Post: “This project will make a real difference for small and medium sized enterprises in Birmingham, Solihull and Coventry by providing them with the finance they need to start and grow.”
For further information about Regional Growth Fund, contact Elaine Kingston, Business Partnership Development Manager on 0121 477 1393 or firstname.lastname@example.org
Interested parties should complete an Expression of Interest form which is available at www.thebusinesssupportnetwork.co.uk Access to the Expression of Interest form closes at midnight on Thursday 24th May 2012 and the closing date for full applications is midnight on Thursday 31st May.
West Midlands businesses urged to sign up for regional growth fund – Birmingham Post