Stoke-on-Trent and Staffordshire Grants for Growth
Stoke-on-Trent and Staffordshire Grants for Growth, part-funded by the European Regional Development Fund (ERDF), is delivered by the city council and provides gap funding to companies across Staffordshire to cover capital and revenue investment that will allow your company to grow in the market place and create new employment.
Grant funds can be used to expand your premises, buy plant, machinery and equipment, product and process-development, advice and consultancy including initial market development, technical feasibility studies and industrial property rights costs.
Capital and revenue grants are available between £10,000 to £250,000 on a variable intervention rate of ten per cent up to 30 per cent, which must be matched by your own private sector or other equity funds.
Your project costs must be for a minimum of £40,000 to qualify for a grant payment of £10,000.