Led by the New Anglia Local Enterprise Partnership, and delivered in partnership with the Suffolk Chamber of Commerce
The New Anglia Growth Hub was set up in 2014 to provide free one-to-one support to businesses across Norfolk and Suffolk. Since then, the team have supported over 9,000 local businesses, with over 45,000 hours of advice.
Led by the New Anglia Local Enterprise Partnership, and delivered in partnership with the Suffolk Chamber of Commerce, the New Anglia Growth Hub can assist your business with a range of support including grants and funding, international trade, skills guidance, access to free training, specialist high growth support and much more.
Throughout the year the Growth Hub hosts high quality events for businesses in Norfolk and Suffolk run by expert coaches in Finance, Sales, Marketing, HR and other popular topics.
Working alongside local authorities and partner organisations, the team have continued to help businesses access financial support throughout the pandemic including local grant funding and New Anglia grant schemes. The team of knowledgeable advisers not only help to identify these opportunities, but they also work with businesses to help prepare their applications.
Grants may be offered to eligible businesses between £1,000 and £500,000.
Business Growth Adviser, Jo Ferriss, talks through some of the key grant schemes they can help your business access.
“There are many funding opportunities available so it may be difficult for you to identify the right one for your business.”
“Our team of experienced advisers can highlight suitable grants for you and support you with your funding application.”
“The Growth Through Innovation (GTI) Fund offers grants up to 50% of the project costs from £1,000 to a maximum of £25,000. The fund supports research and development projects, innovation aid and process and organisational innovation.”
“The Business Resilience and Recovery (R&R) Grant scheme offers grants between £25,000 and £50,000 and the grant award is up to 40% of the total project costs for capital expenditure only. The grant cannot be used for cashflow assistance, stock purchase, paying wages etc. The scheme would be able to support products to tackle the Coronavirus outbreak, related R&D, short term manufacturing diversification, Identification and mobilisation into new markets.”
“The Growing Business Fund (GBF) offers grants between £25,000 and £500,000. The grant award is up to 20% of the total cost of a project and for every £20k of grant, one full time job position must be created or an increase in productivity must be demonstrated.”
“It is vital for the recovery of our economy that we give a helping hand to as many businesses as possible and particularly SMEs who are the lifeblood of our growing and vibrant economy, so I urge businesses of any size and sector to get in touch with the Growth Hub team to see how we can help.”