Grant funding is available to provide financial assistance to High Growth Start Ups from any sector, looking to grow in the Solent LEP region.
The definition of a Start up for this funding is "a business registered with Companies House but has not begun trading at the time of application". (Please note that any business that has been registered with Companies House for over two years cannot be considered as a start-up business even if they have not commenced trading).
Funding is available to those businesses that can demonstrate growth in:
Improved business productivity;
Developing new products;
Developing new markets;
Direct creation of private sector jobs.
How does it work?
The fund can provide up to 50% of the total project costs for capital expenditure only. High growth Start-ups will need to include detailed business forecasts, which include financial projections showing turnover or employment growth of circa 20% for the next three years, providing credible evidence that the business has the potential to grow quickly.
High Growth Start Up fund - For applications of a value between £5,000 - £100,000
Applicants must complete the enquiry form below and will be contacted by the Solent LEP Growth Hub team to discuss your proposal. If you project is considered eligible you will be provided with an application form and full details of how to submit. We strongly recommend speaking to the Solent LEP Growth Hub team pre submission as we are on hand to answer any questions you may have and are available to sense check your application before you submit your proposal.