Cumbria Local Enterprise Partnership’s Growing Our Potential Programme is funded by the Government’s Local Growth Fund and is designed to support growth, increase productivity, foster innovation and create jobs.
The fund can support capital investment in established SMEs with CLEP providing between 10-40% of the total investment with the grant range between £50,000 and £200,000.
Applicants will need to demonstrate a clear need for public funding support and that their project can be completed by 31 December 2020.
Growth Hub advisers may be available to help SMEs with applications (subject to eligibility) – please contact us via firstname.lastname@example.org or 0844 257 8450 to check.
Further information on the Fund is contained in the scheme guidance.
Once assessed, applications will be considered by a Grant Panel which will meet on a monthly basis.
All successful and unsuccessful applicants will receive feedback on their submission following the Grant Panel meeting.
Full guidance on how to apply can be found here: https://www.thecumbrialep.co.uk/news/growing-our-potential-support-for-businesses-to-grow/
Current dates for consideration of applications are as follows;