Wednesday 13th Apr, 2016

Grants to help local businesses grow and boost local economy

Two grants schemes to help local businesses grow and boost local economy

Norfolk Community Foundation is currently helping to deliver two grants scheme for local businesses wanting to grow.

Norwich 4 New Enterprise (N4NE) grants programme is a scheme that has the support of a number of local organisations who make up the decision making panel including Aviva, Mills & Reeve, Norfolk County Council and Norwich City Council.

Up to £5,000 per grant is available for existing organisations based in Norwich, Broadland or South Norfolk, with at least 12 months trading accounts and employing up to 10 people. The panel would like to see evidence of 50% match funding. The funding must be used to support business growth, which will either create at least one new job or demonstrate that the business has growth potential within 12 months. The grant can be used to develop new products or services, procure professional services, undertake training and skills development, the acquisition of capital equipment, refurbishment of premises or the purchase of equipment or machinery.

You can find out more here..

The West Norfolk Employment Fund has been established to help young people in the West Norfolk area to set up or grow their own business with a grant of up to £10,000.  Grants can be used to meet start-up costs, assist with developing new products or services, to procure professional services to support and develop the business, to undertake training and skills development or the acquisition of capital equipment.

You can find out more here.

Norfolk Community Foundation’s chief executive, Graham Tuttle commented:

“These funds are quite different to our ‘bread and butter’ work, which is delivering grants to local community projects on behalf of individual donors, businesses and statutory bodies.  Here, thanks to a number of donors, the Foundation has an opportunity to help those working hard to make a real contribution to the local economy.”

For more information on how to apply for grants from either scheme, please visit: www.norfolkfoundation.com    or contact Graham Tuttle at grahamtuttle@norfolkfoundation.com or 01603 623958.

Photocredit: Antony Kelly, EDP