Grants for Growth

Background

This grant support is provided by Runnymede Borough Council from funding allocated through the UK Shared Prosperity Fund (UKSPF).

Objectives of fund

The funding is intended to support small and micro businesses with their introduction of innovations and support growth. 

Key details of the scheme:

Round 2 of the Grants for Growth scheme will open on Tuesday 7 May 2024

Powered by Runnymede Business Boost, Grants for Growth offers small businesses like yours the opportunity to access funding and support to fuel innovation and drive growth. 

  • Small businesses can apply for grant funding in two tiers: small grants ranging from £2,500 to £5,000 and large grants ranging from £5,001 to £15,000. 
  • Applicants must match fund the grant amount at a rate of at least 50%. 
  • The application window for Round 2 of Grants for Growth will be open from 07/05/2024 to 26/07/2024, lasting for 12 weeks (about 3 months). 
  • Grant funding cannot be used for expenses incurred before the date of application. 
  •  Applicants who receive a grant cannot apply for a second grant, and they cannot apply for both small and large grants. 

Eligibility requirements for applicants:

  • Eligible businesses must be SMEs with less than 250 employees and less than £25m turnover, located in the Runnymede Borough Council area, and experiencing or anticipating high growth.
  • Businesses must have their main trading base in the Runnymede Borough Council area.
  • Businesses must be experiencing growth or anticipating high growth (provable)/having high growth potential and/or implementing innovation and/or with international trade opportunities.
  • The grant funding cannot be used to pay for anything for which the spend has occurred before the date of application.
  • Applicants who find themselves in receipt of a grant may not apply for a second grant.

How to apply for the funding:

  • Check that your organisation meets all the eligibility requirements listed above.
  • Complete the enquiry form below
  • Your enquiry form will then be screened and if eligible you will be sent an application form to fill out and sign (digitally) and return to runnymedebusinessboost@c2cbusiness.org.uk
  • Application forms will then be assessed and scored competitively.
  • Should your application form score highly it will be shortlisted, and you will be invited to attend the grant panel.
  • Applications and the amount granted will be approved by this independent grant panel.
  • You will then be notified as to the outcome of your application by Coast to Capital, via email.
  • There will be no appeals process for any unsuccessful applications.
  • Successful applicants will be sent a funding agreement and claim form by Coast to Capital
  • Once your grant claim has been completed, emailed to Runnymede Borough Council, and checked, grant payment will be made to the applicant by Runnymede Borough Council
  • Payment of grants will be paid retrospectively and will require evidenced expenditure (i.e. an invoice and proof of payment, using BACS/bank account screenshots).
  • Successful applicants must agree to provide evidence to Coast to Capital of the impact the grant has had on the business. For example, providing details of any new jobs created, jobs retain or an increase in turnover of profits as a result of the grant.

Enquiry form

Round 2  of the Growth for Grants scheme will open on Tuesday 7th May 2024. Feel free to submit enquiry forms now.

 

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Note

Please note that this is a competitive process and the decision of the funding panel will be final.

Please visit our landing page to apply for other suppport services.