A few more weeks for Growth Vouchers

A few more weeks for Growth Vouchers

Growth Vouchers, the government-funded programme to help smaller businesses grow and prosper, will finish at the end of March.

But you can still receive one if you apply now. https://www.gov.uk/apply-growth-vouchers

Here are the answers to a few important questions I’ve been asked recently.

Can I still apply even though they finish this month?
Yes.  And your Growth Voucher will be valid for 3 months from data of issue.  If you apply now, your voucher will be valid until June.

Do I have to have to use my Growth Voucher by the expiry date (June)?
Technically yes. However, there may be a way to structure your support so you can access it over a longer period. We can chat about how to make it best fit your needs.

If I get a Growth Voucher, do I have to use it?
No. You can let it lapse. Getting one does not commit you to using it.

Do I have to spend it all?
No. You can spend £500 (and get back £250); you can spend £1,000 (and get back £500); or you can spend the full £4,000 (and get back £2,000).

Where do I apply?
https://www.gov.uk/apply-growth-vouchers

What’s involved in applying?
Online registration takes less than 10 minutes followed by a 20 minute diagnostic (online or over the phone). You’ll know whether or not you’ve got a voucher within 24 hours. It really is simple and fast.

Do I have to pay for it all?
No. You can pay half and ask your supplier to claim back the other half. You do have to pay the full amount of vat. For £1,000 worth of support you pay £500 + vat of £200 and your supplier claims back the other £500.

What can I use it for?
You can access support in the following areas:

  1. Marketing & Business Development
  2. Raising finance and managing cash flow.
  3. Making the most of digital technology.
  4. Recruiting and developing staff.
  5. Improving leadership and management skills

Am I eligible?
You have to employ less than 250 people and have received less than £250,000 of EU funded support in the last 3 years.

Where do I find the support I want?
All accredited providers can be found on an online marketplace:https://marketplace.enterprisenation.com/advisers

If I need to speak to someone who can help?
Speak to Ryan Richardson of Winning Pitch on 0161 876 4922 (or speak to me on 07931 882 555)

Getting one doesn’t commit you. However, as they say, if you don’t have a ticket you can’t win a prize! I don’t believe you’ve got anything to loose for an investment of 30 minutes of your time. https://www.gov.uk/apply-growth-vouchers


Mark Dyble