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Worcestershire Business Accelerator

European Union - European Regional Development Fund Worcestershire Business Central

Worcestershire Business Accelerator is a dynamic new service that will support 200 businesses, which have been trading for 2 years or more, to achieve sustainable growth.

The businesses selected to participate in the programme can access one-to-one consultancy support, seminars and workshops on a wide range of business topics.  They can also apply for business development grants, for both capital & revenue expenditure (on a competitive basis).

Worcestershire Business Accelerator is available at no cost to the participating businesses, as it is fully funded by Worcestershire County Council, the District Councils and the European Regional Development Fund (ERDF). It will run from February 2016 to May 2019, however demand is expected to be high, so businesses should register their interest in participating at the earliest opportunity!

Businesses that can demonstrate growth potential and the ability to create jobs will be supported throughout the programme by dedicated, experienced business consultants from BizSmart, to tackle the issues or challenges they face as they grow.  If eligible, they will also have the opportunity to apply for grants of £5,000 - £20,000 to support their business growth plans.  Grants will be awarded on a competitive basis and businesses receiving over £10,000 in grant funding must have growth plans that include the employment of at least two FTE employees.

To be eligible for the programme, businesses must:

  • Be located in Worcestershire
  • Be trading for 24 months or more
  • Have short term aspirations that will enable them to grow the business and create at least one new FTE job
  • Be scalable and have the potential and motivation to grow
  • Be an SME as defined by HMRC and meet the De Minimis State Aid Criteria
  • Be trading "Business to Business" rather than "Business to Consumer"

Please contact Worcestershire Business Central on 01905 677888 or email info@business-central.co.uk to register your interest in participating.