Following the recent success of the Government-led Growing Hull & East Yorkshire Programme the Hull & East Yorkshire Local Enterprise Partnership is pleased to announce a new 3-year Capital Investment Programme launching 1st April 2022.
The Growing Places Programme Fund is a £3.25m business investment scheme aiming to provide capital grants and loans to SME businesses in Hull and East Yorkshire to support and incentivise business growth, investment, and job creation.
Grants of between £5,000 and £250,000 and/or loans of between £75,000 and typically up to £250,000 are available to eligible organisations that are able to demonstrate viability and may in turn contribute to the wider clean growth and carbon reduction targets of Hull and East Yorkshire.
David Kilburn, the Chair of the Hull & East Yorkshire Local Enterprise Partnership’s Investment Panel, said:
“The launching of a new programme of the Growing Places Fund from 1st of April is very welcome news for the local economy. This is a significant opportunity for businesses with growth plans to secure financial help and support to speed up the process. Don’t be put off applying by any thought of bureaucracy being slow and cumbersome. The partnership with the public and private sector that administers the fund works closely in dealing with all Expressions of Interest speedily and thoughtfully. Please apply now if you have plans to grow and need financial support. Here in Hull and The East Riding we want to encourage growth and opportunities for all in developing a robust forward thinking economic environment.”
James Newman OBE, the Chair of the Hull & East Yorkshire Local Enterprise Partnership, said:
“The Growing Places Fund will continue the invaluable support the Growing Hull & East Yorkshire Grant Programme has been providing for many years to SMEs wanting to invest in growth and enabling them to be more productive and more efficient.
This targeted support is especially needed at this time to support businesses in their recovery from the economic impact of the pandemic, providing new or safeguarded employment opportunities whilst allowing companies to move forward with their business growth plans.”
From left to right: David Kilburn, Chair of the HEY LEP Investment Panel, Thomas McSherry, MD of MEC Humber Limited, Lewis McSherry, Commercial Manager of MEC Humber Limited and
James Newman OBE, Chair of the HEY LEP.