Retox Digital are a registered provider for NBSL's North East Business Support Fund.
We have a number of clients who have found this very useful and accessed up to 40%, maximum of £1400 towards web design, development, seo and creative branding. To date our clients have only been able access funds as (B2B) organisations.
The Fund is now offering further flexibility to offer funding to B2C organisations.
North East Business Support Fund are aiming to help 3,270 businesses over the next 2 years and up to 20% of this total can now be B2C organisations.
The demand for support from B2C organisations is expected to be high so they have introduced a new process that allows them to support the best applications that will provide a good return on investment for the ERDF funders and the region as a whole.
Here is the agreed eligibility criteria and assessment process below for managing this flexibility and they are able to accept B2C applications with immediate effect
The focus of the European Regional Development Fund is to make the North East more economically competitive. Therefore the criteria we will be applying will be based around:
This is in addition to the standard criteria regarding being an actively trading North East based SME with growth aspirations.
There will not be a pre-determined level around the criteria above which guarantees approval - each month's applications will be judged on a cohort basis i.e. the best applications each month will be supported.
This does mean that, depending on the date the application is made, the process for approving B2C applications is likely to be longer than that for B2B applications due to the extra process of cohort assessment / selection.
This is a new process for NBSL so if they feel further changes are required they will inform Retox Digital as one of their Registered Providers and we would of course communicate immediately to our clients.
For all enquiries regarding B2C and B2B please contact:
Retox Digital, Tel. 01670 785 786
We are a "Registered Provider for the North East Business Support Fund"