New £20 million green technologies fund launches for West Midlands businesses

Posted by lepadmin - June 11, 2013 - Business, Newsroom, Regional Growth Fund - No Comments

Green Bridge Icon copyA £20 million funding programme to help supply chain companies develop, grow and diversify within the green sector in the West Midlands has launched.

The Green Bridge Supply Chain Programme is available to businesses in the local enterprise partnership areas of Greater Birmingham & Solihull, Black Country, Coventry & Warwickshire, The Marches, Staffordshire & Stoke-on-Trent and Worcestershire.

It is funded through the Government’s Regional Growth Fund and managed by Birmingham City Council.

The scheme is aimed at companies that operate with the green sector or seeking to diversify or set up within this sector, such as renewable energy, low carbon, building technologies, manufacturing, transport and logistics.

Grant support of between £20,000 and £100,000 is available to develop new markets, new products, new processes, skills development and purchase of capital equipment and premises refurbishment.

However, applications for funding of over £100,000 may be considered where applicants can demonstrate significant economic benefits.

The first round of funding is now open and deadline for the submission of applications is August 9 2013 and all projects will need to be completed by March 2015.

Steve Hollis, Deputy Chair of the GBSLEP.

Steve Hollis, Deputy Chair of the GBSLEP.

Steve Hollis, GBSLEP Deputy Chair, said: “Greater Birmingham and the wider West Midlands area have a well established green technologies sector and the Green Bridge fund seeks to build on this.

“But equally importantly, it will aim to improve the capabilities of SMEs not necessarily involved in green technologies to adopt and adapt to more energy efficient and innovative methods.

“Green Bridge is also important in that it is a cross-LEP initiative, demonstrating once again that, where it is appropriate, joining forces can benefit our SMEs.”

Cllr Tahir Ali, Birmingham City Council cabinet member for development, jobs and skills, said: “We are delighted to offer companies in the region the opportunity to access this support which will have a major impact on competitiveness and efficiency, thereby making a sustainable contribution to the economy.

“Making companies more environmentally friendly and efficient will have a major impact on the bottom line of businesses and help with the creation of local jobs.”

To help companies apply for support from Green Bridge, a number of sessions have been organised to meet with advisers.

The sessions will be held at Birmingham City Council offices, Baskerville House, Centenary Square, Broad Street, Birmingham, B1 2ND.

These will take place between 9.30am and 5.00pm on the following dates: June 24-28 and July 1-5.

Demand for appointments is expected to be high, and we would strongly recommend that you book early to avoid disappointment. Appointments will be allocated on a first come/first served basis, and you can reserve a 30-minute slot by emailing greenbridge@birmingham.gov.uk.

Further information on how to apply can be found here.

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