The first step to accessing support through Grow Tees Valley is to meet with one of our friendly and approachable Business Innovation Managers. This enables us to understand your company, your growth plans and the challenges you face.
They will work with you to carry out a ‘Business Growth Diagnostic’ to help identify the most appropriate way to support your growth plans which may include Growth Spark Vouchers or a Growth Associate Project.
Growth Spark grants support SMEs with the costs associated with procuring expertise and specialist equipment to develop ideas, products and services.
Successful grant applicants will be awarded up to 50% of overall project value.
For example, for an SME developing a new product, or service, with total cost of project £30k, Growth Spark will contribute £15k of the total cost. Projects can be larger but in value but the grant will be capped at £15k, lower value projects will receive 50% of total cost.
Businesses must be based in the Tees Valley and employing fewer than 250 staff with an annual turnover no greater than €50m per annum.