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LLEP implement Evolutive for RGF Round 4

Published on Wednesday, 05 March 2014

Following on from their Regional Growth Fund (Round 3) project, Alcium are delighted to inform that Leicester & Leicestershire Enterprise Partnership have again elected Evolutive to manage their Regional Growth Fund (RGF) Round 4 project. The RGF is a £3.2 billion fund, helping companies throughout England to grow.

Alcium have developed both the online expression of interest and full application forms linked to the Evolutive system. The flexibility of Evolutive will be used to manage each individual application and provide LLEP with a constant, up to the minute analysis of the entire project.

Round 4 of LLEP’s Regional Growth Fund project sees £150,000 -£1m of grants available towards capital expenditure: machinery, property improvement, building expansions and infrastructure improvement. Grants of up to 20% of the project value are available to companies employing less than 50 people, with companies employing 50-250 people eligible to receive grants of up to 10% of the total project cost.

All in all, this £10million allocation is anticipated to leverage £53million private sector investment and create 744 jobs in the private sector.

For more information on the Regional Growth Fund (Round 4) project please visit: http://www.llep.org.uk/rgf4

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