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£700,000 grant funding available for Solent based business growth projects

You can apply for a business grant if you are a business based in the Solent LEP area including the New Forest, Isle of Wight, Havant, Gosport, Portsmouth, Eastleigh, Southampton, and Fareham. Eligible projects with costs between £4,000 up to £100,000 can access 25% grant funding. Already in high demand, GetSet Solent recommends applying as soon as possible so you do not miss this great opportunity which is only available until 31st July 2022.

£700,000 grant funding available for Solent based business growth projects

The GetSet Solent Growth Grant is for businesses planning a step change in its operations, production, or engagement with customers. The money can be used to fund capital costs such as new machinery, equipment and other assets not funded through asset finance. The grant can also be applied to revenue investment, which includes activities like marketing consultancy, branding and website development, new performance improvement systems such as Client Relationship Management system and developing an app. All helping to increase your business turnover and create new job opportunities.

The grant awarded is up to 25% of your total eligible project cost. So, the maximum grant awarded under the scheme is £25,000 for a total project cost of £100,000. The minimum amount of growth grant is £1,000 with a total eligible project cost of £4,000.

“This is an incredible opportunity for businesses in the Solent Local Enterprise Partnership area,” said Nicola Wiley, Senior Finance Advisor for GetSet Solent. “Right now, we have growth grant funding worth £700,000 to allocate to successful applicants who fit the criteria for the grant scheme.”

“Getting a growth project off the ground can make a huge impact on the success of any business. The GetSet Solent team have finance advisors on hand to support you through the grant application process as well as experienced business growth and sales and marketing specialists to help ensure you make the most of the investment received.”

Redwood, based in Waterlooville, successfully applied for the GetSet Solent Growth Grant when Co-owner Richard Albon needed funds to help upgrade their current warehouse to hold more stock and improve efficiency within the company. They also wanted to purchase equipment, including a new forklift truck, and employ an extra salesperson.

“The GetSet Solent team were very supportive,” said Richard. “Grant applications require a lot of preparation, and it can be daunting but with the help of the GetSet Solent Finance Advisor we were able to complete the application with ease. They held our hand throughout the whole process from start to finish and our application for grant funding was successful.“

“Our sales and marketing strategy has always been at the forefront of our business activities and now with the opportunities that social media brings, along with the grant funding from GetSet Solent, we are set up to succeed.”

Interested eligible businesses must enrol on the GetSet Solent Programme to access the growth grant and get fully funded business, marketing, and finance support. Grants will end when all the funds have been allocated on a first come – first served basis. So, enterprises need to act NOW to ensure they benefit from this fantastic opportunity.

To find out more about the GetSet Solent Growth Grant and check eligibility visit www.getsetforgrowth.com/solent/grants  or call 0800 917 5411.

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YTKO wins Queen’s Award for Enterprise 2022

YTKO has been honoured with a 2022 Queen’s Award for Enterprise, one of only 226 organisations to be recognised nationally.

The awards celebrate the success of exciting, innovative businesses which are leading the way with pioneering products or services, delivering impressive social mobility programmes or showing their commitment to excellent sustainable development practices. 

Announced today (Thursday 21 April), YTKO has been recognised for its excellence in promoting opportunity through social mobility, winning one of only nine awards in this category for 2022.

YTKO’s 100+ team is led by CEO, Bev Hurley, CBE, who has previously won the Queen’s Individual Award for Enterprise Promotion in 2010, and is the current Chair of the Institute of Economic Development.

“Being honoured with the Queen’s Award is a wonderful recognition of the work and the impact that the whole team has achieved,” says Bev. “Everything we do is all about making a tangible, positive impact, changing the life chances of individuals, measurably transforming and accelerating business success, and contributing to the economy and the communities in which our business operates”. 

YTKO has helped entrepreneurs start, sustain and scale their businesses for over 40 years, through both strategic consultancy and hands-on operational support over the full lifecycle.  A relentless focus on creating measurable results has contributed to economic and social prosperity by generating wealth and jobs.

An independent evaluation of YTKO’s Social Mission concluded that over a 15 year period, covering recession, austerity, Brexit and Covid, YTKO helped nearly 31,000 entrepreneurs, and over 22,500 growing businesses.  This work, including the raising of £73m in finance, enabled the creation of over 10,300 new jobs and a conservative estimate of £691 million GVA for the economy. 

For new entrepreneurs, YTKO’s Outset service combines personal and business skills development, and focuses on the critical success factors for sustainable enterprise. Many of the entrepreneurs supported are from deprived areas and disadvantaged backgrounds – those most in need of effective support under the Levelling Up agenda.

YTKO are delivering the three of the UK Governments’ new Community Renewal Fund pilot programmes working with the Cambridge and Peterborough Combined Authority, Devon County Council and Portsmouth City Council, in their respective regions.  These “Start and Grow” programmes help new entrepreneurs and early-stage small businesses get on track for success.

Bev says Economic growth must be really inclusive, otherwise the Levelling Up agenda will fail to make a difference to our left behind or underperforming communities.  Our track record proves that financial and social exclusion can be overcome.  We’re so proud that not only does the 3-year survival rate of our clients’ businesses outstrip the UK average, but that over half of them are women – and we support BaME businesses at 4x the average.”

For YTKO, it’s not just about starting and sustaining, but ensuring that existing companies achieve their full growth potential, which is why they deploy a suite of services tailored for every stage of the business lifecycle.  YTKO’s GetSet for Growth and GetSet Accelerate services are designed specifically to help small SMEs grow, and high growth scale-ups to accelerate their growth.  Through GetSet, we provide SMEs with professional 1:1 coaching and consultancy to help them overcome their growth challenges, masterclasses, mentoring, peer support, connections, grants and equity.   We provide high growth businesses what they need in order to scale and create sustainable, high quality jobs for their local economies.

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International Women’s Day 2020 – Equal for All

International Women's Day 2020

Last Thursday saw the YTKO West of England team host an event with Bristol 24/7, to celebrate International Women’s Day. The venue was the beautiful Coopers Hall at the Bristol Old Vic and almost 50 business women from the city came together for coffee, cake and networking. Speakers, Sue Turner CEO of Quartet Community Foundation and Nicky Marshall and Sharon Critchlow of Discover Your Bounce, spoke at the event, providing thought provoking and inspirational content around this year’s theme ‘Equal for Each’.

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Ones to Watch 2020

Wednesday evening saw the YTKO team attend the Enterprising West of England ‘Ones to Watch 2020’ awards at the Bristol Old Vic.

Enterprising West of England ‘Ones to Watch 2020’ awards

This prestigious event celebrated the successes of the thousands of businesses from across Bristol, Bath and North East Somerset, North Somerset and South Gloucestershire, who had been supported by the EWOE programme.

GetSet for Growth and Outset clients were very well represented, with clients in every award category which included Female Founder, BAME Leader, Contribution to Community and Young Person in Business.

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Hack it!

Students from Business Challenge Day

Last Wednesday saw Get Set for Growth involved in a Business Challenge Day at University of Bristol, with clients Lucy Preston and Tom Harbour from ‘Maths With Parents’. Students from a range of disciplines including Marketing, International Business Management and Economics attended the day and worked in teams to create branding, marketing and social media concepts for the business, with the day culminating in Dragon’s Den style client pitches.

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Pitch Perfect

Pitch 2019 bootcamp

Last Friday saw the GetSet for Growth Team head to Origin Workspace in Berkerley Square, Clifton, for the Pitch 2019 bootcamp, hosted by Bristol’s Box2Media.

The team delivered workshops on ‘perfecting your pitch’ and ‘accessing finance for your business’ to 50 budding entrepreneurs, who had been shortlisted from hundreds of hopefuls. Following the workshops, each contestant gave a 90 second pitch on their game-changing product or business idea.

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