In these continuing 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 Investment Programme Team are not new to helping businesses in Hull and East Yorkshire. We have a successful track record since 2012 with the previous Growing the Humber (Humber LEP) and Growing Hull & East Yorkshire funding programme and now the Growing Places Fund is continuing to help businesses at the next stage of their development. Grants are generally awarded to businesses with the aim of generating jobs, energising 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 43 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 do contact us on 07496 315038, or 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 the funding page for further announcements regarding events around both Regions promoting the Growing Places Fund.
Good luck with your application and we look forward to working with you and your business.
