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6th June 2014

£2.4m funding available to Tees Valley businesses

A £2.4m pot has opened for Tees Valley SMEs to access in grants of between £25k to £1m.

Tees Valley Business Compass has now opened the Business Growth Investment Scheme which will provide grant support on the basis that recipients create new permanent jobs.

Stephen Catchpole of Tees Valley Unlimited, said "The Business Growth Investment Scheme will help a wide range of businesses, offering significant assistance to companies and enterprises that are keen to grow in the Tees Valley.

The scheme provides long-term growth capital which can help businesses to unlock their full potential and expand the size and scope of their activities.

The scheme is designed to encourage and enable growing enterprises in key sectors wuch as engineering , advanced manufacturing, digital and creative industries, chemicals and process technology to invest sooner than they had planned, or it may allow them to commit to a larger project than they may have been able to  without the funding.  We'd encourage businesses to get in touch to find out more."

The Business Growth Investment Scheme will be administered by BE Group.  For further information and to find out if your business is eligible click here.