Thrive Telford – Business Development Fund

Grants from £5,000 - £9,000 for eligible SMEs in Telford and Wrekin. 30% match funding required.

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The Business Development Fund is targeted at SME businesses based within Telford and Wrekin. The fund aims to support:

  • business growth
  • expansion into new markets
  • adoption of new to firm technologies or processes
  • improved productivity
  • job creation / safeguarding
  • businesses to introduce new products or services

It will do this by offering match funded grants from £5,000 to £9,000 for specialist support services as part of a growth plan.

These may include but are not limited to:

  • consultancy
  • market research
  • innovation support
  • professional advice

This fund is open to business from B2B and B2C categories, however applications will be prioritised from businesses operating within the following sectors – manufacturing, engineering, digital, professional or other office services, logistics and distribution, wholesale, construction and environmental.

Businesses who are seeking to procure specialist 3rd party support from other businesses are able to secure up to 70% of the total project cost, up to a maximum of £7,000 grant.

Businesses who are seeking to procure specialist 3rd party support from Higher Education

Facilities are able to secure up to 70% of the total project cost, up to a maximum of £9,000 grant.

Visit the website for full details and how to apply.

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