Business Development Programme
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Business Development Programme moves to funding Rounds
Forthcoming event – Thursday 2nd October 2014 in Solihull. You can find out more details and register here...
The Financial Assistance scheme of the Business Development Programme (BDP) now operates on a funding round basis and we are delighted to announce that BDP Round 1 is now open. The deadline for submission of applications is Friday 24th October 2014.
Your completed application form, along with supporting documentation must be submitted before the closing date of 24th October 2014 to qualify for consideration.
Financial Assistance Applications received after the funding round closing date will not be taken into account in the Round 1 assessment process, but may instead be carried over into the next funding round, should sufficient funds still be available.
What is the Business Development Programme?
The £8m Business Development Programme was launched to support existing small to medium sized enterprises (SMEs) across theGreater Birmingham & Solihull Local Enterprise Partnership (GBSLEP) area.i.e. Birmingham, Cannock, East Staffordshire, Lichfield, North Worcestershire (Bromsgrove, Redditch, Wyre Forest), Solihull and Tamworth.
The Programme has been designed to help more than 400 qualifying existing small and medium-sized businesses to implement their growth and expansion plans. It has received £3.9m from the European Regional Development Fund (ERDF) and is available to businesses throughout the GBSLEP area.
Financial Assistance Scheme
The scheme provides financial assistance to eligible companies by way of a grant of between £10,000 and £15,000 against minimum project costs of £22,900. The grant award is available for 43.5 per cent of eligible project costs, subject to satisfying criteria and approval. It aims to create more than 200 new jobs and safeguard more than 200 others.
A judging panel will assess all eligible applications received in Round 1 and this process will take place in November 2014, following the closure of the funding round. We aim to inform applicants of a decision within one month of the competition round closing date.
Coaching and Mentoring Programme
As well as the financial assistance scheme, an intensive coaching and mentoring scheme for businesses is available called great200leaders. It offers 100 hours of leadership development. It is delivered in peer group workshops, each headed by an inspirational expert speaker. Each participant receives £4,000 of funding towards the cost. This scheme is aimed at 200 ambitious business owners and directors to deliver personal performance and business growth. It aims to create 200 new jobs and safeguard 200 others
Great 200 Leaders Video Case Studies
Steve O’Connor, Commercial Director at Strip Tinning tells us how great200leaders has brought together directors of businesses that really can share their opportunities in a positive, open way, allowing leaders to think outside the box. Watch the Video
Liz Smith, Managing Director of LG Davies tells us how great200leaders has developed herself as a leader and helped her to mentor the team at LG Davies. Before great200leaders, Liz didn’t think that social media would improve their market place – but now with the help of coaches and one-to-one sessions, she can see the benefit and has integrated a strategy to ensure that LG Davies have their plans in place to stay ahead of the game. Watch the video
See how Polar explorer Mark Wood looked at parallels between survival in the wilderness and running a company at a recent great 200leaders event presenting to over 30 businesses on the great 200leaders programme - These businesses received up to 100 hours of support helping them grow and create jobs. Watch the video
The programme runs until June 2015.
Find out if your business is eligible for support by looking at the criteria in the document below or contact your GBSLEP area representative, details of which are provided in the leaflet above.
The project is funded by Birmingham City Council and the European Regional Development Fund.
For the latest news on the programme, tips and advice on applying for BDP, advance notice of events in your local area and case studies of businesses which have benefited from BDP, see our latest e-newsletter.
If you would like to see first-hand how SMEs across the GBSLEP area have used the BDP funding to deliver successful projects, then why not visit the BDP case studies page
Not for you?
If you decide that the Business Development Programme is not what you are looking for, we have a number of other grant funding programmes which you may be interested in, namely the Business Innovation Programme and the Green Bridge Programme
Last Updated : 1st October 2014