The deadline for applications to the North East Business Support Fund has been extended until 14 of February 2023, for projects that can be completed by the 30 of April.
SME’s based in Tyne & Wear could access up to 35% funding for business improvement projects costing between £3,000 and £8,000 (maximum grant of £2,800) – you can use the grant for almost any type of business support that will help your business to grow or become more resilient.
What types of project can this fund?
As long as the work involves using external expertise to improve your business, you could be eligible for a grant towards the cost.
Examples include:
Making more sales:
- Marketing strategy
- Web design/development
- Video and animation
- Social media
Reducing costs:
- Management systems
- Product development
- Process improvement
- Quality management
Planning for the future:
- Succession planning
- Business growth planning
- Financial restructuring
- Change management
Funding could be used to support two pieces of work (financial planning and a marketing strategy, for example) completed by two different providers.
Your business must be trading and classed as an SME – that means it must employ fewer than 250 people and have a turnover of less than €50M to apply. It takes around 15 minutes to make an application.
For more information about the North East Business Support Fund visit: https://nebsf.co.uk/grant-funding/business-grants-in-tyne-and-wear/
For more information about Business Support in South Tyneside visit: https://investsouthtyneside.com/business-support/
