can I find the Guidance Notes for Applicants, Expression of Interest and
can be found on the Finance Birmingham website www.financebirmingham.com/amsci/wmlcr
are the minimum & maximum amounts I can borrow?
minimum application is £100,000 – there is no maximum.
I get a grant from the Fund?
grants are available subject to compliance with state aid regulations towards
complimentary research and development and training and skills development
which support the project for which funding is being requested. Applicants also
need to demonstrate the additional nature of the activity and that the outcomes
could not be achieved in the absence of support.
is the expected length of a project / loan and over what time frame can the
funding be drawn down?
on the project needs to be completed by 31st March 2019.
this Fund competition based?
– funds are available on a first come first served basis and are assessed on a
monthly basis by an independent Investment Board.
size of businesses can apply?
mid-sized businesses and large companies within an assisted area.
type of businesses can apply?
Chain businesses operating within the Automotive and Aerospace sectors.
there any geographical restrictions?
fund operates within the 4 LEP regions – Black Country, Coventry and
Warwickshire, Greater Birmingham and Solihull and Liverpool City Region. 90% of
the work must be completed in these areas.
quickly can my application for funding be processed?
WMLCR is a rolling programme with a monthly Investment Board. Application submission dates and Investment
Board dates are available on the Finance Birmingham website financebirmingham.com/amsci/wmlcr
is the main scope requirement of the Fund?
aim of this Programme is to create more competitive supply chains that anchor
high value added work in the automotive and aerospace supply chains across the
West Midlands and Liverpool City Region, attract new customers to existing
supply chain companies, sustain or create new employment opportunities and
create better synergies and sustained collaborative relationships throughout
supply chains that participate in this Initiative.
much of the required project funding can I apply for?
amount of funding request is related to the requirements of the company to
ensure that a project moves ahead. Applicants will need to demonstrate market failure and that in the
absence of funding/support that the project will not happen.