New £20 million green technologies fund launched for SMEs

A new £20 million fund has been launched with the support of the Marches LEP to help SME supply chain companies develop, grow and diversify their businesses within the green sector.

Businesses in Shropshire are being invited to apply for grants from the Green Bridge Supply Chain Programme, a scheme for businesses based in six West Midlands LEP areas.

Grant support of between £20,000 and £100,000 is available to companies to develop new markets, new products, new processes, skills development and purchase of capital equipment and premises refurbishment.

However, applications for funding of over £100,000 may be considered where applicants can demonstrate significant economic benefits.

The scheme is aimed at companies operating in the green sector or seeking to diversify or set up within this sector, such as renewable energy, low carbon, building technologies, manufacturing and transport and logistics.

Funded through the Government’s Regional Growth Fund, and managed by Birmingham City Council, the scheme is open to businesses in the local enterprise partnership areas of The Marches, Greater Birmingham & Solihull, The Black Country, Coventry & Warwickshire, Staffordshire & Stoke-on-Trent and Worcestershire.

Graham Wynn, chairman of the Marches LEP, welcomed the launch of the programme.

He said: “Environmental technologies is a key sector for the Marches, one which experienced 65 per cent growth in 2011 and that trend is continuing.

“The LEP identified in its Strategy for Growth that it wished to drive the transition to a high value, low carbon economy, maximising the opportunity in new technologies and this fund will assist in that aim.

“I urge supply chain companies across the Marches to apply for a slice of this £20million, a fund which has been created thanks to the cross-LEP partnerships which have successfully developed across the Midlands.”

The first round of funding is now open and deadline for the submission of applications is August 9 2013 and all projects will need to be completed by March 2015.

Further information on how to apply can be found at: www.birmingham.gov.uk/greenbridge

Section:

Pete White Pete White

Love Shrewsbury editor and chief developer at The Web Orchard, find out more on petejwhite.com

Read More from Pete White