Business Investment for Growth

Business support

The Business Investment for Growth Programme supports the development of businesses with growth ambitions across Cornwall and the Isles of Scilly by co-financing investment proposals which lead to quality job creation and additional GVA.

Businesses propose a specific project to the programme and if successful, via the application and private sector led panel approval process, will benefit from an ERDF voucher of up to 50% of the cost of the investment.

The amount of ERDF voucher assistance will range from £1,000 up to £50,000 which is the maximum ERDF contribution

The voucher programme will only support investment in “new” rather than “business as usual” activity. Here is a non-exhaustive list of possible investment opportunities eligible for voucher support:

Access to new markets

Market research
E-commerce solutions to support new markets
Digital and e-marketing 

Business consultancy

Systems software solutions
Finance
Capital needs assessment

Technology and product design

Patent and IP protection
Prototype development
Manufacturing improvement (post SWMAS advice)
Knowledge transfer/exploitation

Environment

Accreditation
Environmental processes
Environmental audits

Feasibility

Proof of concept
New product development
Diversification

Capital investment

Machinery and other equipment items


Business Innovation Fund

This pilot scheme is part of BIG and is designed to help all types of Cornish SMEs bring new products,services or processes to market, improve existing products, services or processes and/or introduce new Know How to maintain competitive advantage.

Created by CUC Universities and Colleges working with Cornwall Development Company to help fund higher risk development projects with less certainty of outcomes.

Find out more about the Business Innovation Fund here.