The final date for Expressions of Interest in this round of the GAIN growth fund has been announced as 17th April 2014.
Funding is available to businesses in Cornwall, Somerset and Devon (including Plymouth and Torbay), in the form of grants of between £25,000 and £150,000 under the Smaller Grants Scheme, and between £250,000 to maximum £1,000,000 for the (imaginatively named) Larger Grants Scheme.
The funding will be available to pay for a range of things from purchasing capital equipment and specialist software, and improving business premises, to recruiting skilled employees who have the potential to transform a business – such as software developers or engineers. However, job creation is key.
Marine and Supply Chain, Advanced Manufacturing, Digital, and Environmental Technologies are the priority sectors for investment, but this does not mean that businesses in other sectors are not eligible. More information here.