A fund offering significant cash grants of up to £150,000 has been relaunched for businesses across Tendring.
The aim of the initiative is to help businesses in the District to grow, flourish and create new jobs. The money is available now until March 2018 to both new and existing firms – and the grants start from £3,000. Those eligible for funding need to be involved in manufacturing, engineering, energy, low carbon, maritime or research and development activities.
The cash is coming from Tendring’s SME Growth Fund – jointly funded by Essex County Council – and is intended to help towards the costs of starting up or growing existing businesses. The grants can be used for revenue costs – such as salaries – or capital costs, including plant machinery or other equipment.
Giles Watling, Tendring District Council’s (TDC) Cabinet Member for Planning and Regeneration urged companies to get their bids in. “The aim of the exercise is to create new permanent full-time or part-time jobs, or safeguard existing jobs in our District,” he said. “The scheme originally only applied to those within Tendring’s Assisted Area but it has now been opened up to all in Tendring which should make it more attractive.
Firms will need to be able to put up some of their own funding, 75 per cent for existing businesses and 50 per cent for those starting up. Cllr Watling added that the fund is being heavily promoted and he hoped that it would attract considerable interest. “The first move you need to make is to register an interest,” he said. “Things will then move on from there.”
To register an interest in the Council’s SME Growth Fund contact the dedicated email address email@example.com. You can also make contact with a member of the programme team at the same address should you want to discuss the issue in more detail. The link to information on the SME Fund on TDC’s website is http://www.tendringdc.gov.uk/sme-growth-fund