Working with Cumbria Local Enterprise Partnership
When the Department for Business Energy and Industrial Strategy (BEIS) decided to launch the Growth Hub model – originally developed by Cumbria – nationally, they provided seed corn funding for three years through local enterprise partnerships.
Supporting the competitiveness and growth aspirations of key sectors for Cumbria that miss out on European support.
As Cumbria’s Growth Hub was already well-established, it was decided that the funding available through Cumbria LEP should be channelled into providing targeted support for Cumbrian businesses.
With so much support focused on ERDF eligible sectors the decision was made to help those businesses excluded from this, enabling support to some key sectors for Cumbria – the visitor economy, agriculture and nuclear – and others.
The emphasis this year is on 1-2-1 adviser support to SMEs in ERDF excluded sectors, and as part of this supporting scale ups – defined as businesses with at least five employees and a turnover of £250,000 or more in the last financial year – with an aspiration to grow turnover or profit by a minimum of 50% over a three-year period.