Eligible businesses must have a trading address located in the 12 local authority areas of the region: Burnley; Chorley; Fylde; Hyndburn; Lancaster; Pendle; Preston; Ribble Valley; Rossendale; South Ribble; West Lancashire; Wyre.
Eligible businesses must have fewer than 250 employees, an annual turnover of less than €50m and have less than €43m on their balance sheet. Companies may be owned by another company or group, but they must also fall within these criteria.
The Manufacturing Growth Fund will prioritise manufacturers across the following high growth sectors:
Advanced Manufacturing and Materials
Energy and Low Carbon
However, we will consider applications from all market sectors.
Eligible businesses must be able to provide headline financial data and forecasts, alongside two detailed and formal quotations for their chosen project. The grant will be processed and paid retrospectively, following successful completion of the project and receipt of required evidence relating to supplier payments and evidence of completion.