Funding to support British textiles

Funding to support British textiles

Are you a business operating in the textiles sector? A government backed fund may be able to help you grow your business…

The £97m Textiles Growth Programme has been launched to support capital projects, skills training and research and development in the UK’s historic textiles sector.

It is aimed at businesses within the textiles sector, and covers manufacturers from carpets to clothing, as well as industry suppliers, such as textile machinery manufacturers and designers.

A combination of capital and revenue grants are available for projects related to new or improved premises, plant, machinery, equipment, energy efficiency, workforce training, research and development and products.

One of the companies to benefit from the programme so far is Grafea, which makes a range of high-end leather bags, rucksacks and satchels for luxury markets in Italy, China, Russia and America from their site in Dukinfield in Tameside, Manchester.

As the popularity of their products grew, directors Yanni and Charis Kioupouroglou recognised the need for a significant expansion programme, including the purchase of new equipment so they could increase production capacity and cater for the growing demand.

The duo decided to apply for support through the Textiles Growth Programme and have since worked with a number of growth hub services, including UKTI, who have helped the company expand into new premises and grow their presence overseas.

Charis said: “I would highly recommend the Business Growth Hub and UKTI to anyone running a business. Any questions you have, they can answer. Their support in accessing finance and grants, and practical help with exporting and our website, has been pivotal in growing the business.”

The programme is focussed on Greater Manchester, Lancashire and West Yorkshire where the UK’s clothing and homeware manufacturing is concentrated.

However, the programme is able to provide support to companies outside these areas if exceptional opportunities which would have a significant impact on the sector as a whole come forward.

There is a cap of £2m on any single grant. Find out if your business could benefit by e-mailing: info@businessgrowthhub.com