Over the last 2 years in England alone there has been around £120m in grant offers made and accepted to English manufacturers. Including Scotland and Wales this figure is more like £200m.
What is this national grant scheme?
Selective Finance for Investment in England (SFIE)
The scheme is a BERR (formerly the DTI) grant scheme which is administered on a regional level through the 9 Regional Development Agencies. The scheme is aimed at Manufacturing based companies to assist them in growing through financial assistance towards there capital investment programmes.
How much did your local RDA offer to other manufacturers during 2007?
| 2007 | 2006 | |
| Amount | Nos of Grants | Amount | Nos of Grants | |
East of England | £4.1m | 5 | £4.3m | 13 | |
East Midlands | £4.7m | 16 | £3m | 23 | |
London | £0.66m | 5 | £1.9m | 5 | |
North East | £15.7m | 76 | £12.7m | 97 | |
North West | £10.3m | 46 | £18.5m | 39 | |
South East | £0.3m | 4 | £2m | 3 | |
South West | £2.7m | 11 | £4.2m | 3 | |
West Mids | £15m | 40 | £10.9m | 32 | |
Y&H | £6m | 42 | £8m | 45 | |
Total | £59.8m | 245 | £65.9m | 294 | |
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The data above is reflective of published BERR grant data on the SFIE scheme and relates to ALL offers made to successful applicants in England in Tier 1 & Tier 2 regions. On average over the past 3 years 90% of all offers have been over £75K with the largest being £6.8m to a large multinational manufacturer. The scheme is aimed at English SME's who operate in the manufacturing and/or added value sectors. | |
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Do you want to know more about the scheme and if you may be eligible?
As 80% of England is now grant aided, more companies than ever before are now eligible for some of this grant money. In the North West alone, 50% of all new applications now are from companies who were not in previously eligible geographical areas.
Don’t start your project before you speak to a professional about SFIE as once you start a project you are not eligible for consideration.
UK Grants Limited are the leading national specialists on SFIE. We live and breath the scheme and are in an enviable position to give you the very best advice and chances of getting hold of some of this money.
So don’t miss out – Some of that money could be yours!
Call us today to see if you are eligible.
Contact: Ian Heywood on 0870 240 3933
Or alternatively e-mail: info@Engineeringgrants.co.uk
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This site is sponsored by UK Grants Limited – The UK’s leading SFIE grant consultancy practice.
www.uk-grants.co.uk www.manufacturinggrants.co.uk www.manufacturing-grants.co.uk www.sfie.co.uk www.sfieconsultants.co.uk www.capitalinvestmentgrants.co.uk
