14 May 2014
Businesses in Aylesbury Vale can now access Velocity Growth Grants of up to £5000 for small and medium-sized companies that have the ambition to grow.
Velocity Growth Hub has teamed up with Aylesbury Vale District Council and Buckinghamshire Business First, the growth hub for Buckinghamshire, to deliver the match-funded grants, designed to act as a catalyst for future growth and competitiveness.
The grants are match-funded up to a third of total project expenditure. For example, applicants receiving £2,500 will have spent £7,500 to help their business grow.
The grants, which are being made available through a partnership between SEMLEP, Buckinghamshire Business First and Aylesbury Vale District Council will be available until February 2015 and are being offered on a first-come-first served basis, so businesses are encouraged to apply early.
Daniel Mouawad, Chief Executive of SEMLEP said:
“This is a significant opportunity for businesses in the Aylesbury Vale. Support from the Regional Growth Fund via Lancaster University has enabled us to work in partnership with Buckinghamshire Business First, to deliver these grants”
Councillor Steve Bowles, AVDC Cabinet Member for Economic Development, said:
‘This is an excellent initiative to assist small to medium businesses expand their operations. The current economic climate has made life tough for many companies so this is a welcome helping hand to aid their growth. It’s another example of AVDC working with key partners for the benefit of local business and the wider Vale.’
Philippa Batting, Managing Director of Buckinghamshire Business First, commented:
‘We are delighted to be able to complement our existing business support activity with hard cash to support businesses to implement the initiatives that will lead to real growth and productivity in Aylesbury Vale. We exist to help Buckinghamshire businesses thrive and grow and I look forward to seeing the tangible results of this investment into our county in the form of jobs and innovation.’
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