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Funding support available in the North East

17th May 2011

Funding support available in the North East

Funding support available in the North East

North East based companies and entrepreneurs are being urged to look at funding that is still available through Business Link. Some of the funds will close to applicants on June 17th so now is the time to see how you can benefit!

There is a range of investment support available through North East England Investment Centre to help budding entrepreneurs as well as established firms looking to grow and diversify, all of which can be accessed through the Business Link service.

The support includes:

Intensive start-up support – the fund for new businesses which have been trading for up to six months. This fund removes barriers to starting up and aims to improve the survival rates of new businesses. The fund includes help with branding and corporate identity, financial planning, e-commerce, IT, market research and mentoring. (Up to 70% funding of eligible activity up to £8000).

Starting a high-growth business – this fund helps new businesses with the potential to achieve an annual turnover in excess of £500k within three years of trading. It is for people thinking about launching a business within six months and for businesses that have been trading for up to six months. It includes consultancy support, product and process development as well as areas such as financial planning. (Up to 70% of eligible activity up to £45000).

Innovation, advice and guidance – the fund helps existing businesses identify opportunities, implement change and become more innovative, competitive and profitable. This can include improving existing products, processes and services or introducing new technology into the business. (Up to 50% of eligible activity up to £19500).

Flexible skills fund – for small and medium-sized companies, aimed at encouraging higher-level skills and training, defined as NVQ level 4 and above. (Upto 45% of eligible training costs).

Contact us to discuss:

For support in your innovation, technology, digital and marketing projects please give Paul a call to discuss how we can help on 08451 222611 or email us at paul@betterbrandagency.com.

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