Finance for Growth: a new £10m funding package for Hertfordshire SMEs

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Rothamsted Research

West Common

Harpenden

AL5 2JQ

United Kingdom

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Learn about a new funding package that can help unlock your business growth at this essential event for Hertfordshire SMEs.

About this Event

Join us for the launch of a brand new £10m financial support package for high growth Hertfordshire SMEs - the largest funding package launched in the county in recent years.

Hertfordshire Local Enterprise Partnership (LEP) has partnered with FSE CIC to develop the ‘Business Expansion Grant and SME Growth Loan Scheme’ to help accelerate local business growth.

Aimed at Hertfordshire SMEs, this event will provide an introduction to:

  • Business Expansion Grant Scheme: Aimed at growing SMEs across Hertfordshire, the scheme provides grant funding to assist in the purchase of assets and delivery of projects that will increase productive capacity and fuel business growth. The programme is part funded by the European Regional Development Fund and Hertfordshire LEP.
  • SME Growth Loan Scheme: Growing SMEs across Hertfordshire can access loan finance from the LEP. The scheme is aimed at businesses with the potential to grow, that have a clear business strategy backed by a supportable business plan but have been unable to obtain all or part of the funding required through traditional methods.
  • Low Carbon Innovation Fund (LCIF): A venture capital fund that provides equity finance to Hertfordshire SMEs, funded by the European Regional Development Fund. LCIF co-invests alongside private sector investors such as founders, angel investors and/or other funds. It provides finance to early and growth stage businesses across a variety of sectors, enabling them to develop new products and processes that contribute to the development of a low carbon economy.

As the gateway to the Hertfordshire Growth Package, the Grant and Loan Schemes will be facilitated by Hertfordshire Growth Hub, the central point of access to business support in the county.

The Growth Hub provides businesses with the support and guidance they need to unlock their potential for growth. The service blends digital and physical support through a team of Growth Account Managers, and a website which brings together a network of business support providers giving businesses immediate access to advice, resources and events at a time and place of their choosing.

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Location

Rothamsted Research

West Common

Harpenden

AL5 2JQ

United Kingdom

View Map

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