Redditch Growth Grant

What is the grant scheme?

Redditch Growth Grant provides match-funded grants of between £1,000 and £5,000 to help established businesses to make a step change, scale-up and grow.  Funding is available for expenditure that will help businesses to access new markets or customers, adopt new technologies or improve productivity, and create new jobs.

This programme is funded by the UK Government through the UK Shared Prosperity Fund.

Eligibility Criteria

• The grant is available to businesses that trade from business premises within the local authority area of the Borough of Redditch. If you do not trade from business premises please contact us to check eligibility.
• Businesses must have been trading for more than 3 years.
• Businesses must have less than 5 employees but at least one full-time employee for whom this is their sole employment.
• Applicants must have a current business plan including marketing plan and financial forecasts.
• The grant may not be used for recurring costs (including salaries, stock, rent, utility charges, repairs & renewals etc) or for the repayment of existing loans or debts. The grant is not retrospective and cannot be used for the reimbursement of goods or services purchased prior to approval of the grant.
• Applicants must provide three quotations for each item or service to be purchased.
• Businesses located within the Town Centre should apply for the Redditch Town Centre Grant.
• The final deadline for submitting applications is 6 December 2024. All projects must be delivered with 3 months including financial completion or by 31 March 2025, whichever is sooner.
• Grants are limited to one per business on a first-come, first served basis.

The Grant

• Successful applicants will be offered 50% of the costs of an eligible project up to a maximum of £5,000. At least 50% of costs must be funded from the business’ own resources.  The minimum grant amount is £1,000.
• Grants will be paid upon receipt of evidence of eligible expenditure being made on or after the grant approval date. Businesses are required to pay for the goods / services before claiming the grant.

How to apply?

Please email ukspf@bromsgroveandredditch.gov.uk for an application form.  The final deadline for submitting applications is 6 December 2024.