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Revenue grants

Access the expertise you need without breaking the bank.

What is a revenue grant?

Having a healthy working capital is critical when growing your business, it’s cash intensive and often full of unexpected challenges.

Our revenue grant is designed to support you to mitigate the cost of commissioning external support that is currently acting as a direct barrier to your business growth.

Sarah Chatterton
Green Energy Switch
I thought Growth Works sounded too good to be true. However, I can assure you it is not. We've now built a new website and achieving more success in the company.
Stuart Dawks
PECT
At every stage, the team has been on hand to advise and guide us, which made the whole process as simple and speedy as possible.
Sally Chalk
Clarion UK
Growth Works has given us concrete advice. Blows the competition out of the water when it comes to looking for funding and business support.
Jenny Hodson
GH Displays
The grant allowed us to do something we simply wouldn't have been able to do otherwise, even though we needed to grow. It feels like somebody is investing in us because we're worth investing in.

What sort of expertise?

There are no prescribed types of expertise. We just want to see that commissioning that service will directly support your plans to grow and scale. Examples could include:

What you need to know

  • How much can I apply for?

    We can contribute up to £10,000 of grant funding, on a 50% match funding basis. This means that the grant will cover 50% of the cost that you would incur when commissioning a professional adviser or consultancy service.

    For example, if a development team supporting you to implement e-commerce functionality to your website will significantly increase your profits and create jobs, and your best quote is £10,000 to implement this work, the Grant will cover a maximum of £5,000.

  • Am I eligible?

    Your business will meet our baseline criteria if you have:

    • From 3 to 249 employees
    • A trading address in Cambridgeshire & Peterborough
    • A balance sheet less than €43m (~£38m)
    • An annual turnover less then €50m (~£44m)
    • Ambition to grow faster or to continue scaling rapidly (~20% year-on-year)*

    There are some other specific requirements that only apply to a small minority of businesses. These are described in the more detailed guidance and will be discussed with you by your dedicated Growth Adviser.

    *We understand that you may have some variances due to COVID, and will consider this when we receive your registration of interest and get started with Growth Works.

     

  • When will the grant be paid?

    Once you receive your official Grant Offer Letter, you can now go and commission the services you need to make it all happen.

    When it’s all complete and you have paid them, just present the evidence of payment to us, and we’ll get this paid as per your Grant Offer Letter.

  • How do I apply?

    The process is really straightforward. First step is to register your interest with us at Growth Works so we can double check you’re eligibility. This is a short online form on our website, that you can complete here: Get Started

    You’ll get an immediate confirmation that we have received your registration and within 2-3 working days, our team will contact you to confirm your eligibility and all the other fully funded support that is available to you.

    You’ll then meet with one of our Growth Advisers, who will talk you through the grant application process and simple form that requests information about your:

    • Business
    • Annual turnover
    • Details of the project or activity that you will spend the money
    • Supplier quotations for the planned expenditure planned
    • Your forecast of how this will result in growth for your business (i.e. turnover and jobs)
Case Study

Hera Beauty gear up for 30% growth and expand their team

Get started

Let us help you identify opportunities for grant funding to accelerate your business growth.

First step? Register your interest with Growth Works. We’ll shortly confirm how our fully funded service can help you achieve your goals.

Baseline criteria

  • 3-249 employees
  • Located in Cambridgeshire & Peterborough
  • Growth ambitious or fast-growing business

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