Did you know that we can provide consultancy and procurement support and assist you in claiming back (usually within two weeks!) 35% of our fees? This funding is part of a £9.2m funding stream that we can access to provide your business with a wide range of consultancy services including Procurement, Supply Chain, Human Resources, Sales, Lean and much more.
The Manufacturing Growth Programme (MGP) can fund 35% of the cost of working with a consultant. The funding is provided via a growth/improvement grant.
To be eligible to apply for the grant, you must be:
1. An SME as defined by the EU definition
a. Fewer than 250 employees
b. A turnover less than or equal to €50m (circa £44m) Or
c. A balance sheet total less than of equal to €43m (circa £38m)
2. A manufacture, defined as:
“A business that engages in any economic activity directly related to a product or
production process they have researched, designed or produced, or otherwise hold
core intellectual property in.”
3. Able to demonstrate the intention to grow/improve – (through creation of increased turnover, increased jobs and/or introduction of new products/services/processes)
A grant can be used for consultancy projects between the value of £1k & £10k.
An average project value is £4k and would attract 35% grant contribution. The grant value is £1400 and means you would only pay £2600 for a £4000 consultancy project.
If you would like to discuss your eligibility or possible ways in which your business could benefit from this, please get in touch.