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European Regional Development Fund (ERDF) - South West

Deadline: 01 March 2015 09:00 (10:00 CET) | Value: £1,000 (min), £50,000 (max) | Area: South West

The Business Investment for Growth (BIG) programme is a £3.6 million investment fund, financed by the European Regional Development Fund and delivered by Cornwall Development Company.

The funding is available on a 50% contribution rate (match-funding basis) to businesses with project based investment proposals leading to business growth and job creation.

 

It can support such projects as:
  • Access to new markets - Market research, Implementation of e-commerce solutions to support trading beyond established markets
  • Marketing (including digital and e-marketing techniques)
  • Consultancy re growth ambitions - Business plan development, Systems software solutions, Finance escalator/advice, Capital needs assessment
  • Technology and product design - Patent/IP protection/management, Prototype development, Manufacturing process improvement (post SWMAS advice)
  • Knowledge transfer/exploitation
  • Environmental measures – Accreditation, Implementation of environmental processes, Environmental audits
  • Feasibility - Proof of concept, New product development, Diversification
  • Inward investors - Settlement support for new investing businesses
  • Employment - BIG can be used to cover recruitment costs in some circumstances and will fund interim managers from reputable sources when hired on a temporary contract. BIG can not be used to fund wage costs for staff employed by the applicant
  • Capital expenditure - Machinery and other capital equipment
The funding cannot support a
  • business as usual
  • wage costs
  • stock
  • training

More information can be found on the Cornwall Development Company website.

 

You can apply by following the instructions on the Cornwall Development Company website or by emailing big@cornwalldevelopmentcompany.co.uk  for more details.