Growing Places Fund
In these uncertain times it can often be difficult to know how to move forward. Costs are continuing to increase with no real light at the end of the tunnel and as a business owner there’s always uncertainty as to the best way forward to help your business grow. At the Growing Places Fund (GPF), managed by the Hull & East Yorkshire Local Enterprise Partnership (HEY LEP), we may be able to help if you have plans to grow your business and are trading in either Hull or East Yorkshire.
The HEY LEP are not new to helping businesses in Hull and East Yorkshire. We have a successful track record of the previous Growing the Humber (Humber LEP) and Growing Hull & East Yorkshire funding programmes and we want to continue helping businesses at the next stage of their development, with grants normally being awarded to businesses with the aim of generating jobs, energizing local communities, and strengthening the economy.
The Growing Places Fund can provide capital investment with a view to increasing productivity in your business, in the forms of grants and/or loans from a minimum of £5,000 up to a maximum of £250,000. If your business has been trading for less than a year a grant would normally be capped at £20,000.
The Fund has been running since April 2022 and in that time we have supported 36 businesses with capital investment from a range of sectors, including Manufacturing to Real Estate across both Hull & East Yorkshire with a 50/50 split across both regions.
If you would like to talk to us further, please have a look at the funding page on our website:
Growing Places Fund Business Growth Capital Investment Programme » HEY LEP – Hull and East Yorkshire .
Please watch our funding page for further announcements regarding events around both Regions promoting the Growing Places Fund. If you are an SME in East Yorkshire we have event on 27th September and we would love to chat with you about your business and how we may be able to support your business growth.
To book your ticket for the above event please click on this link:
Good luck with your application and we look forward to working with you and your business.