Green Shoots Plus Funding
Green Shoots Plus Funding
This grant has now expired or been withdrawn
Unfortunately, as new business grants regularly become available, and may either alter, change, or get withdrawn it’s not always possible to list current grants online. If you’re an existing business looking for a grant. Please request a call back to see if there is anything suitable available. You may also wish to refer to the FAQ section below.
Green Shoots Plus Funding is a business grant available to existing West Midlands businesses whereby it aims to help such small to medium-sized enterprises (SMEs) with the required capital equipment and project purchases.
As with all business grants, there is a requirement to meet certain criteria in the first instance; Firstly, Green Shoots Plus Funding is only available for those existing businesses who have been trading for a minimum of 18 months and who operate within the any of the areas detailed below. Secondly, the ultimate aim which the Green Shoots Plus Funding wishes to provide is the creation of new jobs as well as the promotion of business growth within the West Midlands region which includes the Black Country:
- Telford and Wrekin
- South Staffordshire
Green Shoots Plus Funding details
The value of the business grant which can be accessed via the Green Shoots Plus Funding is between £10,000 and £150,000 which will range between 10pc and 30pc of the total project cost, much of which will be dependent on the business grant application as well as the strength of the project in question.
Further defined eligibility criteria is:
- The business seeking the Green Shoots Plus Funding business grant must be an SME operating in either Dudley, Herefordshire, Sandwell, Shropshire, South Staffordshire, Stafford, Telford and Wrekin, Walsall or Wolverhampton.
- Will have been declined by your bank for the required funding.
- Will not work in the Retail and Agriculture sectors.
- Will not have received more than 200,000 Euros (approx. £175,000) in public funding over the last three years.
- Will have been operating for at least 18 months. Those businesses who may apply and who may fall outside of this scope might be still be considered on a case by case basis.
- Will be proposing to carry out a capital project, which can be completed by January 2017
To many, the use of the word ‘GRANTS’ may provide a false impression that it’s an easy way to get hold of some ‘free money’ as there’d be no interest and/or capital repayments plus the funds are generally non-returnable. However, the stark reality of the business grant funding world is very much different as there is as you’d expect, high demand and fierce competition, with much time and effort required. But rest assured our experience in helping businesses access business grants has resulted in a 100pc success rate after many years.
Should there are no business grants which you can apply for, there are other routes to business finance such as various forms of business loans. Whilst this might not be ideal, you may perhaps wish to speak with us to see what’s on offer and how we could potentially help.
Important to Note
Do you charge to tell me what grants might be available to me?
No, there’s no charge to simply tell you whether or not there’s a suitable grant available. If we feel there is a suitable grant, we then talk in-depth with you about what’s on offer and what’s needed to be able to apply for the grant. If everything doesn’t match we don’t pursue with any grant application(s) and there’s no charge. If everything does match, we make the application in the knowledge it will be successful.
Is it you who provides the grants?
No, grants are not provided directly by us., and therefore we have no say in anything to d with grants. We work with finance partners who have direct access to the grants and as such our duty to them and you is in ensuring that the criteria of the grant(s) are matched by the businesses applying.
How successful are you with grant applications?
Yes, our strength in grant applications is in knowing exactly what is required and expected by all parties. This has resulted in a 100% success rate of all grant applications made by us on behalf of our clients over many years.
I’m a new (start-up) business do any grants apply to me?
The business grants we’re able to access do not, unfortunately, apply to new businesses i.e. those operating for less than 12-18 months although the criteria of any given grant may in very rare cases cater for 12 months or slightly less.
What does match-funded mean?
The term match-funded is used by grant providers when there’s the expectation to be placed on the applicant to part-fund the need/requirement of the grant. As an example: if the business was seeking a £75,000 grant towards the purchase of equipment and there was a contribution requirement of 50/50. To be successful the most the grant award would be for would-be £37,500. As each grant has its differing criteria, totals and values used here are only by way of an example.
What happens if I cannot match-fund the grant I apply for?
Match-funded grants come with a stipulation as to what’s expected of the applicant to contribute i.e. 50/50, 60/40 70/30 etc. As not all businesses have the available funds to do this it’s not unheard of that they need to apply for a business loan in order to cover their element of contribution. This is something we can help with and would identify as part of the assessment of suitability for a grant application in the first instance.
I’ve ordered, started paying for what I need a grant for, is that ok?
The short answer is NO, to be successful with a grant application you must not have started or undertaken any direct purchasing or spending. An example being, if you need a grant for equipment, you can have identified the equipment you need, obtained quotes, but must not have signed an agreement to purchase, made a deposit or any other form of payment against the equipment before applying for the grant, otherwise, you’d be excluded from applying.
Need a Business Grant? Request a Call Back
If interested in knowing more about what available business grants there are and how we can help. Please provide a few brief details and we’ll get right back. Being mindful that as the criteria of business grants are strictly set, we’ve tailored the form below to try and cater for current grant availability to manage the expectation of an inquiry.