New £20m green technologies fund launches for West Midlands businesses
- Published on Monday, 17 June 2013 12:58
- Written by Vicki Mitchem
A £20m funding programme to help SME supply chain companies based in the West Midlands develop, grow and diversify their businesses within the green sector has launched.
Funded through the government's Regional Growth Fund and managed by Birmingham City Council, the Green Bridge Supply Chain Programme is aimed at companies that operate in the green sector or are seeking to diversify. The grant is looking for applications from companies across a range of sectors including automotive and transport, renewable energy, building technologies, manufacturing and logistics.
Grant support of between £20,000 and £100,000 is available to develop new markets, new products, new processes, skills development and purchase of capital equipment and premises refurbishment. Applications for funding of over £100,000 may be considered where applicants can demonstrate significant economic benefits.
The Green Bridge Supply Chain Programme is available to businesses in the local enterprise partnership areas of Greater Birmingham and Solihull, Black Country, Coventry and Warwickshire, the Marches, Staffordshire, Stoke-on-Trent and Worcestershire.
The first round of funding is now open and deadline for applications is 9 August 2013.