Backed by the European Regional Development Fund, the Essex Growth Programme brings an unrivaled package of European Grant Funding to start-ups and growing SMEs across Essex.

Please note, applications for the Essex Growth Programme are still open however with a large percentage of funding already granted, the remaining funding will only be available for a limited time. With new applications being processed on a first come first served basis, if you are considering applying, submit your details as soon as possible to avoid disappointment

Grant Funding

Discretionary capital grant-based support is free to apply for within the programme. £20,000 is the maximum monetary amount available and 20% of the asset’s total cost is the maximum percentage available.

For example, if your business needed to invest in a new piece of machinery at a cost of £100,000, the Essex Growth Programme could provide you with up to £20,000 towards it (20%). Likewise, for a £10,000 investment, the programme could provide you with up to £2,000 (20%).

Please note, 20% is the maximum percentage available. At the discretion of the grants panel, and depending on your requirements, the percentage you receive may be lower than 20%.

 

Increase your productivity and energy efficiency

Helping Essex businesses across a variety of sectors source the capital assets they need to grow, the grant-side of the programme can also be a fantastic way to improve the productivity and energy-efficiency of your business. Previous applicants have used the support of the grant to fund:

  • New machinery including Lathes, CNC milling machines and robotics
  • New technology including 3D Printers, laser technology and production equipment
  • Fixtures and fittings including Mezzanine flooring expansions
  • Specific computer equipment for business projects including Computer Aided Design (CAD)

 

1-to-1 Business Support

The Essex Growth Programme also includes free business advice and support for applicants to help maximise business growth.

  • Confidential and impartial business advice through qualified business advisors
  • Guidance in formulating a solid business plan and financial forecasts
  • Access to related programmes and further sources of finance from Nwes and it’s partners

 

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“The grant money has helped our business purchase the very latest technology. The new machines are green and reduce the companies carbon footprint by up to 60%”. David Rasch, Director of Phoenix Photographic

Eligibility criteria

  • Start-up businesses looking to grow through capital investment
  • Autonomous SMEs looking to grow through capital investment
  • Capital assets that display a clear contribution in supporting the growth of a business
  • Retail enterprises can receive support but are not eligible for the grant

 

What the grant can’t support

  • Paying-off debts or refinancing
  • Purchasing stock, land or buildings
  • Building maintenance or renewal
  • Research and development costs
  • Financial investments
  • Salaries, travel, subsistence, training or accreditations
  • Ongoing normal business costs e.g. business rates and overheads
  • Costs associated with meeting a statutory or legislative requirement
  • Projects that have been commissioned or paid for
  • Specific sectors benefiting from other subsidies such as agriculture, healthcare, education, fisheries, forestry

 

How to apply

Interested in learning more or completing an application? The Nwes team is here to help. Exclusive to Essex and available for a limited time, click below to get in touch via phone or email.

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Interested in applying?

Speak to a member of the Nwes team today

General Enquiries: 08456 099991

Property Enquiries: 08454 374465

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