The GSK Enterprise Fund was established in 2019 as part of a package of measures aiming to address the local economic impact of job losses resulting from the restructuring of the GSK Ulverston antibiotics business.
Administered by Cumbria Chamber of Commerce, the fund supplied grants to businesses and start-ups of all sizes in eligible areas. It encouraged the creation of new jobs and/or safeguarding of existing jobs, and promoted competitiveness, sustainability and growth.
Owing to the challenges which have been facing businesses over the last few years, and continuing challenges, not all of those awarded grants have been able to use or fully use the funding.
As a result we’re now able to reopen the scheme for a short period so that we can reallocate the small amount of funds freed up.
The fund offers grants to businesses in the LA post code areas of Cumbria to meet up to 30% of project costs (capital and revenue) which will lead to the creation or safeguarding of permanent jobs.
Anyone interested in applying will need to complete and submit an Expression of Interest by 8th September 2023, these will then be taken to panel for a decision. If asked to submit a full application, business adviser support may be available.
Further details and the Expression of Interest form can be found by clicking here.