Growth Hub Enhancement Project nears 150 applications
Nearly 150 high-growth businesses within the Sheffield City Region have now submitted applications for help to achieve their growth potential from the Sheffield City Region Growth Hub Enhancement Project.
Launched just over a year ago, the assistance provided by the Growth Hub Enhancement Project to the businesses, located throughout the nine Local Authorities that make up the Sheffield City Region, aims to boost the Sheffield City Region’s economy by adding more jobs and increasing the GVA of the SMEs in the Region.
Dave Grimes, Head of the Sheffield City Region Growth Hub, said: “The Growth Hub Enhancement Project has been a fantastic addition to the suite of business support offered by the Sheffield City Region Growth Hub.”
“The Growth Hub Enhancement Project means that we effectively now have a solution for every high growth business looking for help with their growth.”
“The journey from its inception in April 2016 to now, where we are actively helping businesses, has been remarkable and we hope to celebrate a lot more successes over the coming weeks, months and years.”
Working with local businesses with high-growth potential, the Growth Hub Enhancement Project aims to provide business support in areas where there is no existing provision.
Businesses receive support tailored exclusively to their needs through liaison with a dedicated, expert Growth Specialist with access to grants which can support growth projects.
There is access to a suite of free masterclasses that businesses can sign up to, which provide advice on a range of topics, from employee engagement and business law, to tendering and digital marketing. Masterclass content is driven by demand from businesses across Sheffield City Region.
Advisors work with the business to identify relevant support for their business needs and assist in every step of the process – removing the need for the business to research or understand sometimes complex support initiatives.
Over half of the successful applicants have currently received approval for specialist support grants and started their growth activity utilising external specialists, whilst a number of businesses have already received support and grants and completed the identified work to enable their growth.
Interested in the Growth Hub Enhancement Project?
The Growth Hub Enhancement Project is always looking to help businesses achieve their growth potential. Telephone 03330 00 00 39 or email the Gateway for more information or to find out if your business is suitable.
To be eligible for help from the Growth Hub Enhancement Project, businesses must be SMEs, must be located within the Sheffield City Region and must be able to demonstrate high growth potential.
The Sheffield City Region Growth Hub Enhancement Project is receiving up to £2.7m of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. The Department for Communities and Local Government (and in London the intermediate body Greater London Authority) is the Managing Authority for the European Regional Development Fund. Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, business, create jobs and local community regenerations. For more information visit https:// www.gov.uk/european-growth-funding.