In January 2014 the Growth Vouchers programme launched a £30m fund aimed at encouraging small businesses to seek professional advice to help address key business issues such as raising finance, managing staffing costs and implementing company pension schemes in line with new Auto Enrolment rules.
The scheme is open to any business based in England that has been running for over one year, has up to 250 employees and has not sought “strategic advice” in the last three years.
However, the programme closes to new applicants on 31st March 2015 – so you only have 1 week to apply and benefit from the scheme.
Businesses who wish to apply need to:
- Be registered in England
- Have less than 250 employees
- Be actively selling goods and/or services
- Have a turnover no greater than €50m or £45m
- Own 75% or more of their business
Why Growth Vouchers?
Statistically, businesses are more likely to grow and succeed if they have a ‘financial business plan’ in place. However, there are many areas in which an equivalent business plan will also help to generate growth and help to focus the direction of the business.
The Growth Vouchers programme recognises this and provides the ability to seek financial support for advice across a range of key business areas. With the Growth Vouchers scheme, you can receive advice for Finance (e.g. business planning, forecasting), IT strategy, HR and Marketing. Please be aware that the project has to be completed within 90 days of the voucher being awarded.
How to apply?
If you have been looking for advice on any of the subject matters covered and would like funding towards your project, please register now before the opportunity expires at the end of March. The Growth Voucher application process is online and can be accessed here.
Following submission you will be contacted and advised on the next steps (if successful).
Tait Walker is an accredited Growth Vouchers adviser and our Growth Vouchers profile can be viewed on the Enterprise Nation Marketplace.
For further advice and guidance, please contact Alastair Wilson on 0191 285 0321 or email email@example.com.