Business Growth Programme – £5.7m additional funding

Leeds City Region LEP has secured a further £5.7 million from the Regional Growth Fund, which it is making available to SMEs who are planning to invest within the Region – this includes all of West Yorkshire plus Barnsley, Craven, Harrogate, Selby and York.

The additional funding is on top of the £20 million with which the LEP originally launched its Business Growth Programme, providing grants of between £10,000 and £1 million for the creation of new jobs and business growth.

The fund can meet up to 20 per cent of the total cost of capital investment in land, buildings, plant, machinery and equipment, or towards research and development projects.