The bidding process for the third round of the Government’s Regional Growth fund is currently under way for companies requiring support of £1m or more. There is £1bn available nationally.
However, the Leeds City Region LEP is also looking to put together a bid for a bundle of projects on behalf of companies with smaller projects, which do not meet the £1m minimum criteria.
In rounds one and two, £60m of funding was awarded to organisations across the Leeds City Region.
The minimum threshold for bids is £1m. However, companies requiring support of up to £1m can apply to the LEP to be part of a wider programme bid.
Paul Hamer, LEP board member and chairman of the Leeds City Region Green Economy Panel, said: “The Regional Growth Fund can offer crucial funding for businesses looking to expand and create new sustainable jobs.
“For low carbon and green businesses who often struggle to secure appropriate financing in this emerging sector, Regional Growth Fund could make a real impact on their plans for growth.”
The LEP is keen to support businesses in their applications. The deadline for applications to the Department for Business Innovation and Skills is June 13. The deadline for LEP application support is the end of April.
For more information, visit www.leedscityregion.gov.uk.