FUNDING is now available for Worcestershire businesses that are ready to grow, to significantly expand their operations.

Small and medium sized businesses across the county, with less than 240 employees, are being encouraged to apply for funding to enable them to grow, create jobs and reach new markets. Until November 9 firms can apply to the Investing in Growth Fund, a Capital and Revenue based grant scheme for matched funding of up to £35,000 towards a planned growth programme that will impact turnover and profit.

The Investing in Growth programme, funded by the European Regional Development Fund and supported by Worcestershire County Council and local district councils, is currently offering grants to support businesses that have a growth plan in mind. The grants available are predominantly for capital expenditure such as machinery to expand production. Any funding received will need to be spent within six months of receiving the go ahead.

EU Project Manager Wendy Garrad said: “This is a fantastic opportunity for businesses in the region who are ready to expand to achieve their growth goals."

Eligible businesses can find further information or submit an application at business-central.co.uk/investing-in-growth.