The Regional Growth Fund supports eligible programmes and provides finance to small businesses, which can showcase a clear growth strategy, create local job opportunities and invest in private capital.
The RFG scheme aims to invest up to £2.9 billion in the growth of businesses across England, creating and safeguarding 289,000 jobs.
The Exceptional Regional Growth Fund (eRFG) is only open to exceptionally strong bids, which present an opportunity to secure internationally mobile investment. Successful eRFG bids will be subject to due diligence by BEIS.
The RGF schemes are currently run by local or national organisations, which have been awarded the opportunity to offer Regional Growth Fund grants and/or loans to qualifying businesses.
Each RGF funding programme will have their own criteria as to what makes an application successful. However, all businesses applying for an investment should be able to demonstrate a growth plan, invest in the private sector and provide local employment opportunities. Before you apply for Regional Growth Fund cash, your business will need to contact each of the programme’s leads directly, to find out whether it will be suitable for the specific programme criteria.
CapEx Associates can help identify suitable programmes and assist with your Regional Growth Fund Application.
The RFG scheme is mostly suitable for small companies or businesses looking for more finance options or help with growing the business. With funding of up to £1 million available you can help your business develop beyond the start-up stage, and start making an impact on a local and regional level.
CapEx Associates’ expert team can research whether you are eligible for this funding or any other business grants and financial support, and provide valuable guidance and assistance through all stages of the application process.Get in touch