The Textiles Growth Programme is a £97M initiative, backed by £19.5M from the Regional Growth Fund (RGF), which aims to support the national revival in textiles. The sector is demonstrating significant domestic growth, export and job generation potential.
A combination of capital and revenue grants are available for projects related to new or improved premises, plant, machinery, equipment, energy efficiency, workforce training, research and development and products.
The programme is focussed on Greater Manchester, Lancashire and West Yorkshire where the UK’s clothing and homeware manufacturing is concentrated. However, the programme is able to provide support to companies outside these areas if exceptional opportunities which would have a significant impact on the sector as a whole come forward.
There is a cap of £2 million on any single grant. All grants will be awarded within state aid limits.
Covering capital grants, training and R&D, projects eligible for funding vary hugely across this diverse industry, including Manufacture of workwear, outerwear (including handicraft tailoring), land and building acquisition, or Machinery, ICT equipment, software to support R&D, as well as new or improved equipment and associated training to support the development or introduction of new products and core services.
Don’t miss out as all projects under this scheme have to be completed and paid for by May 2017.