UK: Business Growth and Adaptions Grant Program

The Business Growth and Adaptions Grant is designed to help SMEs purchase and implement new products and equipment, in doing so, increase production of physical, tangible products to drive business growth and expansion.

Funding Information

• Apply to Fund 1 for grants between £6,000 and £10,000
• Apply to Fund 2 for grants between £10,001 and £30,000

Uses of funds

• Grants can be used for products or equipment to help the business achieve one of the following:
  • increase or improve production
  • start production, including bringing production ‘in-house’
  • adapt to regulatory change related to production practices, enacted in the last three years.
• All projects should support operations or processes to maintain or increase turnover.
• Your application must be for planned future expenditure. Items purchased before you are awarded a grant will not be eligible for funding.

Who is eligible?

• SMEs in the West of England Combined Authority area. That’s businesses with a registered and/or trading address in the Bath and North East Somerset, Bristol, or South Gloucestershire local authority area.
• Please note if you have applied and received funding in a previous round of the Business Growth and Adaptions Grant, you will not be eligible to apply for further funding under this scheme.
  • Fund 1 £6,000 to £10,000
    • Have a registered and/or trading address in the Bath and North East Somerset, Bristol, or South Gloucestershire local authority area
    • Be able to provide a minimum of 20% match funding for your purchases
    • Have traded for at least 1 year
    • Be a sole trader, limited company, limited liability partnership, or a co operative
    • Be a small or medium sized enterprise (SME), this means you must not employ more than 249 people.
  • Fund 2 £10,001 to £30,000
    • Have a registered and/or trading address in the Bath and North East Somerset, Bristol, or South Gloucestershire local authority area
    • Be able to provide a minimum of 20% match funding for your purchases
    • Have traded as a limited company, limited liability partnership, or a co operative for at least 3 years
    • Be a limited company, limited liability partnership, co operative or a registered charitable company
    • Be a small or medium sized enterprise (SME), this means you must not employ more than 249 people
    • Provide your latest full filled accounts with Companies House where the previous year’s figures are also included. These should consist of the Profit & Loss Statement, Balance Sheet Statement and Notes to the Accounts. They will not accept abbreviated or draft accounts.

For more information, visit West of England Combined Authority.