The LGNEY scheme is a £6m programme. Originally funded by the Regional Growth Fund, it is now funded by the York, North Yorkshire and East Riding Local Enterprise Partnership.
Furthermore, we administer the scheme in conjunction with the Umi Commercial. We deliver grant support to companies undertaking capital investment projects in York, North Yorkshire and the East Riding. Moreover, grants of between £10,000 and £1m (up to 30% of project expenditure) are available to projects.
We do anticipate that this is likely to increase sustainable private sector employment in the region. Correspondingly, we advise that the minimum project size should be £33,000 and a minimum of 2 jobs must be created or safeguarded.
The programme runs on a competitive basis. It includes bi-monthly investment panel meetings held to award funds to stand out applicants.
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