Marches Building Investment Grant
The Marches Building Investment Grant (MBIG) is a scheme part-funded by the European Regional Development Fund which is available to small and medium-sized enterprises (SMEs) within the Herefordshire, Shropshire and Telford & Wrekin areas.
Capital grants are available for up to 50 percent of total eligible project costs (to a maximum £150,000) to enable new build developments, reconfigurations, extensions and renovation of premises for commercial use. The scheme can also support new plant and machinery to complement the proposed building project.
Applicants can be owner-occupiers or tenants. Tenants must have a fixed-term lease with at least six years unexpired. Retrospective applications are not eligible and no work should start until written approval is received.
Eligible projects must lead to the creation of at least one full time equivalent job within four months of the building completion works and the overall total number of jobs created will be taken into account when assessing the level of grant awarded.
The grant is primarily available to businesses which trade with other businesses (B2B).
How to apply
If you would like to discuss your proposal before completing the form please contact the Programme Team on 01432 260662 or 01432 260787.
Established by the European Union, the ERDF helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations. For more information visit the European Structural and Investment Funds Growth programme microsite.
For updates on other funding opportunities please visit the Marches Growth Hub website or contact 01432 261758.
A summary of the findings from the independent evaluation on the MBIG scheme delivered between 2017-2019.