Grant available for SMEs

If you are an SME (small or medium enterprise) manufacturer based in Shropshire, you could be eligible for an enhanced offer of a 50% grant to fund a business improvement project – but there are less than six months remaining to apply for Manufacturing Growth Programme (MGP) grant funding.

MGP, which is funded by the European Regional Development Fund (ERDF) and delivered by Economic Growth Solutions (EGS), has just delivered its latest grant to boost the fortunes of Shrewsbury-based A&S Landscapes, taking its total contribution to SMEs to more than £140,000. This assistance has been directed towards improving marketing, penetrating new sectors, developing business strategy, and R&D work. Companies – ranging from food and drink and automotive specialists to aerospace and textile manufacturers – have also benefited from assistance in introducing new quality procedures.

Martin Coats of EGS explains, “Over £140,000 has been awarded in the form of grants so far and this has been used by firms across the Marches to improve the way they manufacture, launch new products or access additional/new markets. This has already equated to 78 new jobs, with 26 more expected to be created once projects are completed.”

For more information on MGP, visit manufacturinggrowthprogramme.co.uk.

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