Funding For Growth

RTC North can help your business reach new heights with grant funding, additional support and guidance from our business advisors to help you grow.

If you are a company looking for funding, one option is to apply for a business grant. One thing to note with such grants is the strict eligibility criteria and fierce competition that you will be subject to during the process. With this in mind, we have summarised exactly what you need to consider before applying. Applications must be from an established company, no pre starts. 

Revenue grants are available for projects that involve working with an external consultant. Project values must be a minimum value of £2,500 excluding VAT. In addition, all projects must be paid first then a proportion claimed back (35-40%). We can’t help with ongoing business running costs (i.e. rent, business rates or salaries) likewise with membership fees and we can’t help fund training costs.

Capital grants cannot be used for any “moveable” item’s such as curtains, tables, chairs, desks computers, software or printers used in the general running of your business such as processing orders or accounts.

Business grants can be used to help you overcome many challenges and barriers to business growth. From expansion, developing new products/services, leadership development and getting help with strategic planning and skills. Our experienced team at RTC North can help your business to excel.

RTC North has received funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020.

Is my business eligible?

  • To be eligible to apply for help and support through RTC Grants companies will need to meet the following criteria:
  • Be based in the NELEP area
  • An annual turnover of less than £50m
  • Operate in an ERDF eligible sector
  • Have less than 250 employees
  • What support is available?

One to one support, you can access a dedicated business advisor to guide your growth, the advisor will be with you every step of the way

Workshops targeted to develop skills that will help drive business growth –see a full list of current events here >>

Support about sources of finance and access to RTC grants

With a variety of options to choose from, depending on your specific needs, our business professionals are on-hand to enhance your experience and guide you every step of the way on your business journey.