The D2N2 Growth Hub has announced TQC Ltd have been awarded a grant from the organisation’s Business Investment Fund.
The grant will allow investment into developing their existing mechanical and electrical CAD systems including the purchase of software and hardware.
The Business Investment Fund enables the D2N2 Growth Hub to issue grants of between £3,500 and £20,000, which can contribute up to a maximum of 35% of an eligible project’s costs.
The scheme is open to small and medium-sized businesses across the region who are looking to make a step-change in their business with projects that will improve productivity, efficiency, or result in job creation.
These may include:
- Digital developments
- Specialist consultancy such as leadership and management
- Equipment purchases
TQC Ltd will use their grant to help migrate their existing CAD data and will also allow the commissioning of a service provider to install the new systems and ensure all current and past project data is retained.
This will enable TQC to have better control of costs and thus grow their market share.
TQC’s Sales Director Mark Jones said: “TQC is really excited about the grant assistance that the D2N2 ERDF has given. In the new work reality of remote working, this project will extend our capability to supply hi-tech machines whilst enabling safe working for our staff.”
D2N2 Growth Hub
The D2N2 Growth Hub Business Investment Fund Grant programme offers funded grants for Digital Technology, Specialist Consultancy and Equipment, which is part-funded by the European Regional Development Fund (ERDF).
The D2N2 Growth Hub, set up to boost competitiveness amongst SMEs in the Derbyshire and Nottinghamshire region, is part-funded by the European Regional Development Fund (ERDF) via D2N2.
As part of its remit, the organisation offers support to start-ups, growing businesses, and companies who are ready to scale up their operations.
The D2N2 Growth Hub has access to a variety of funding solutions for businesses and their business advisers will help guide SMEs to the best meet the needs of their business.
Interested applicants for the BIF should see the how to apply section of the D2N2 Growth Hub website.
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