PNO Consultants

Call us: +44 161 488 3488.

Call us:
+44 161 488 3488
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PNO is Europe’s largest independent
public funding advisory, annually raising
over €250 million on behalf of its clients.

PNO employs just under 250 staff
operating in 12 European countries.
In terms of core services, PNO is active
across the entire grant acquisition process.

Regional Growth Fund

The Regional Growth Fund is a £1.4bn Fund operating for 3 years between 2011 and 2015 to stimulate enterprise by providing support for projects and programmes with significant potential for creating long term private sector led economic growth and employment and, in particular, help those areas and communities that are currently dependent on the public sector make the transition to sustainable private sector-led growth and prosperity.

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RGF follows a bottom-up approach, i.e. there are no pre-defined priority areas. The main criteria are the creation of jobs both directly through the project and indirectly created as a consequence of the project. Projects can include capital investment, infrastructure and R&D projects.

How does RGF apply to SMEs?

The minimum subsidy threshold is £1m, with a maximum grant award of 20% of the project costs. The £1m threshold has been set to ensure that the fund is accessible to SMEs. As long as the business can demonstrate long term job creation, particularly in areas currently heavily dependant on public sector employment, and has a project with a minimum total value of £5m, SMEs can apply to his programme.

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