Shropshire and Herefordshire Councils have secured European Regional Development Funding to run the Business Enterprise Fund jointly, with £500,000 available in each county for start-ups and businesses to bid into over the next three years.

For individuals wanting to start up a business, capital grants are available for up to 50% of the eligible investment or a maximum of £1,500. For small and medium sized businesses that are currently trading, capital grants are available for up to 50% of the eligible investment or a maximum of £1,500 for those trading under 9 months old or a maximum of £5,000 for a business over 9 months old.

Due to European regulations, the Fund is restricted to certain sectors. Unfortunately, the fund cannot support:

• Retail and other businesses that solely sell products or services directly to the general public
• Land-based industries including farms

Refer exclusions may apply click here for further details. Click here for application guidance.

To discuss your eligibility and receive an application form, please contact:

Herefordshire: Lyndsay McCron, 01432 383633 email: lmccron@herefordshire.gov.uk

Shropshire: Delia Yapp, 01743 252597 email: delia.yapp@shropshire.gov.uk