Sun. Jul 3rd, 2022

Isle of Wight Observer News

The Island's Free Newspaper

Up to £25,000 for Island businesses

2 min read

If you are an Island business in need a cash injection for a business growth project, you should act now to get a share of £700,000 grant funding from GetSet Solent.

Eligible projects with costs between £4,000 up to £100,000 can access 25 per cent grant funding. Already in high demand, GetSet Solent recommends applying as soon as possible, so you do not miss this opportunity which is available until the end of July.

The GetSet Solent growth grant is for businesses planning a step change in its operations, production, or engagement with customers. The money can be used to fund capital costs, such as new machinery, equipment and other assets not funded through asset finance. The grant can also be applied to revenue investment, including activities like marketing consultancy, branding and website development, new performance improvement systems such as client relationship management software or developing an app.

The grant award is up to 25 per cent of your total eligible project cost. The maximum grant awarded under the scheme is £25,000 for a total project cost of £100,000. The minimum is £1,000 for a total project cost of £4,000.

“This is an incredible opportunity for businesses,” said Nicola Wiley, senior funding for GetSet Solent. “Right now, we have growth grant funding worth £700,000 to allocate to successful applicants who fit the criteria for the grant scheme.

“Getting a growth project off the ground can make a huge impact on the success of any business. The GetSet Solent team have finance advisors on hand to support you through the grant application process, as well as experienced business growth and sales and marketing specialists to help ensure you make the most of the investment received.”

Interested businesses must enrol on the GetSet Solent programme to access the growth grant and get fully-funded business, marketing and finance support. Grants will end when all the funds have been allocated on a first come – first served basis.

To find out more and check eligibility visit getsetforgrowth.com/solent/grants or call 0800 917 5411.