European Regional Development Fund's The Enterprise Development Grant Scheme Drives Regional Economic Growth In The United Kingdom

The Enterprise Development Grant Scheme places an emphasis on the growth of SME.This is achieved through an outreach support program which targets businesses who have not previously worked with the European Regional Development Fund.

The Enterprise Development Grant Scheme places an emphasis on the growth of small and medium enterprises. This is achieved through an outreach support program which targets businesses who have not previously worked with the European Regional Development Fund. Consequently, a support team is provided to assist with the endeavors of each business. The team is comprised of advisors from industry leading companies who have specific knowledge regarding the business needs of individual businesses. The support team is also capable of providing guidance across multiple sectors. The result is a primary networking environment which fosters growth throughout every region of the UK.

Eligibility and Registration

Businesses that are located in the United Kingdom are eligible to participate. However, a client must own a business which actively trades within the community. Businesses who have already registered their business, or who have conducted some paid work and are in the process of registering, are eligible as well. Paid work constitutes the monetary exchange of goods or services between a business, and its customers. The scheme is designed to foster growth for small and medium businesses. Therefore, to qualify for the scheme, your turnover must not exceed £10,000,000 per annum. They will be offered assistance under the European Commission's de minimis regulation 69/2001 which allows a company to receive up to £200,000 of de minimis aid over three financial years. Grants are discretionary on completion of an action plan and the application form should be used to develop clear business needs. All applicants must provide contact details, as this is vital when the transfer of information takes place.


Invertus Takes Advisor Role

Considering the fact that e-commerce encompasses a wide array of opportunities for various small and medium businesses Invertus Digital Ltd has taken the initiative to take on the role of the advisor company for the Enterprise Development Grant scheme to act in partnership with businesses and provide qualified assistance in relation to e-commerce solutions and innovation. London based, Invertus has 9 years of experience within the industry and worked with SME located throughout the world.

Invertus provides quality e-commerce web stores. These web stores combine stylistic webpage aspects with exceptional functionality to expand growth within a competitive online market. Additionally, following the successful implementation of e-stores, promotion becomes priority number one. Proven digital marketing techniques will be instituted to ensure success.

Technological advances provide a multitude of ways for customers to buy products and services online. In an era in which people conduct online business transactions through smart phones, tablets and laptops, Invertus will be serving as the expert advisor to businesses participating in long-term regional growth.

Grant Funding Scenarios Increase Business Profit

Grants are funded on an 85/15 basis, with the European Regional Development Fund supporting 85 percent, and the client supporting 15 percent. The European Regional Development Fund provides a maximum contribution of £1,000. However, all of the funding elements are dependent on the type of business, in order to meet the specific needs of each business. For example, revenue funding has traditionally covered website creation. This does not include costs for marketing, advertising and events. Unaccredited training courses are covered as well. All businesses who participate in the Grant scheme will see immediate improvements in regard to profit, online business growth, and community involvement.