A Business Doctor has hit the jackpot with £1million funding secured for a client
Des Smith, Business Doctor for Manchester South, procured an offer of grant funding of £200,000 and loan finance of a further £800,000 on behalf of his client.
The client company, who wish to remain anonymous, are in contract packing and are based in Derbyshire.
The funding will allow them to develop a new larger site five miles down the road from their existing plant, with a total project cost of £5.45m. Twenty jobs will be created as a result of the investment.
The funding was obtained from Invest To Grow, administrated by University of Derby and funded by the Regional Growth Fund.
Des said: “I am over the moon to have had such a success on behalf of my client. This funding will transform their business and is also great news for the local jobs market.”
Invest to Grow is a programme designed to support private sector businesses, in East Midlands to grow and create jobs. Grants and loans are available for up to 30% of the cost of investment. The minimum award size is £15k. The programme is aimed at priority growth sectors such as transport equipment manufacturing, life sciences, construction, food & drink manufacturing, logistics, low carbon and creative industries.
Finding funding is just one of the services offered to SMEs by Business Doctors. Find out more about strategy reviews, staff engagement and our Learning & Development Academy.
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