As the arrival of spring breathes some positivity into local business, here’s another piece of good news for businesses based in the south of England. A new tranche of funding has been made available to help small and medium-sized enterprises (SMEs) grow their business!
If your business is based in the south west or south east regions of England, business owners and directors can access up to £1000 grant from Skills South East to use training solutions to support business growth. It’s matched funding, which means the business needs to spend up to £1000 of it’s own money too, but it enables the SME to access development programmes costing up to £2000 for the actual cost of only £1000!
Of course, there are criteria a business will have to meet so here’s the details!
- The grant can only be applied to up to a maximum of 50% of the cost of the training solution, cannot exceed £1000 and excludes VAT charges.
- The funding is available for 12 months (from April 2011) but it is a limited pot, so it will be provided on a ‘first come, first served’ basis (which means if a lot of applications are made, the funding may run out before March 2012).
- Businesses need to be based in the south west or south east regions of England.
- Only available to businesses ranging in size from 2 to 250 employees.
- Businesses need to show they have the potential for “high growth”, which is defined as:
- if trading for more than 12 months have the potential to increase turnover by 20% each year for three years or
- if trading for less than 12 months have the potential to achieve a turnover of £500,000 within three years of trading
- The funding is only available to the managing director, owner or chief executive (for businesses up to 50 employees; for organisations with 50+ employees, it can also be used by a senior manager who reports directly to the senior team.
- Business can apply for this funding even if they have received funding in the past.
- Only one grant claim can be made from this tranche of funding.
- The training must start within 90 days of the grant being approved.
- The grant must be claimed once the training has been completed, or if the training lasts longer than 90 days, once the training has started.
- The Grant must be used for Leadership and Management Development Solutions, designed to develop the applicant’s skills so they can grow the business through better engagement, management and leadership of their staff. Typically this might be:
- Developing a highly effective personal leadership and management style – including strategic thinking and effective communication.
- Creating a joint enterprise culture with the workforce – including developing an innovative, creative and productive culture for the organisation, developing productive working relationships, reducing and managing workplace conflict.
- Planning and developing an effective organisation and teams – including recruitment, selection and departure, building and managing effective, creative and innovative teams, conveying vision and objective setting.
- Leading and managing employee high performance – including employee motivation and commitment, delivering value, learning and development.
- The training solutions can be:
- Workshops
- Online training
- Training programmes
- Bespoke/tailored training options
- Peer learning
- Mentoring/coaching
- Qualification based programmes
Applications for this grant can only be made through a Skills South East Leadership and Management Adviser who will visit the workplace to check that the training solution is appropriate (agree how the training investment will achieve measurable returns) and complete the necessary paperwork. Pragmatic Performance Group and Dangerous Marketing are happy to provide advice on potential solutions and we can provide the contact details for the relevant adviser. You can access information through the Skills South East website or contact us using the form below and we will point you in the right direction!



