Grant Schemes

Grant Schemes

Else Solicitors work closely with Central Finance to add value to clients who are looking to raise additional funds for business growth.

Central Finance, based in St Paul’s Square, Birmingham can help businesses, specifically manufacturing businesses to access grant schemes.

If there is a requirement for future spend on commercial property or large pieces of plant and equipment, then there is funding currently available towards these types of projects.

Central Finance have sixty years collective experience in commercial finance including; grant applications, peer to peer funding, bank loan, underwriting applications and have significant knowledge of lending criteria from lenders and investors.

They are experienced grant and SME business advisors well versed in banking, funding including peer to peer and other alternative finance, grants and growth acceleration.

The grants are generally non-repayable, must be creating jobs and currently used for machinery and premises acquisition.

Grants available:

Capital only – equipment and property
Stoke on Trent and Staffs up to £1M – 20%
Growing Priorities – Black Country up to £1 M – 25%

Equipment only
Greenshoots – Black Country, Telford, Staffs, Hereford– up to £150K – Equipment only – Manufacturing – 30%

New product process development
Horizon 2020 – 100%
Technology Strategy Board – R & D 60%

Examples of grants secured:

• £577K – Dudley based manufacturing co – Growing Priorities Grant (RGF) Toward premises and Plant (£2.5M)
• £250k – Tipton manufacturing co moving to Wolverhampton – Toward premises purchase (£1.25M)
• £80K – Stourbridge manufacturing co – Greenshoots – toward premises purchase and plant (£600K)

There are new schemes coming in Feb/March next year for smaller projects and a wider range of businesses. For further information visit the Central Finance website here.

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