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The Growth Acceleration and Investment Network – GAIN Paul Glossop GAIN Partnerships Manager 01752 588922

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Presentation on theme: "The Growth Acceleration and Investment Network – GAIN Paul Glossop GAIN Partnerships Manager 01752 588922"— Presentation transcript:

1 The Growth Acceleration and Investment Network – GAIN Paul Glossop GAIN Partnerships Manager

2 Where does GAIN operate? GAIN covers the Heart of the South West and Cornwall LEP areas: Plymouth, Devon, Somerset, Torbay and Cornwall.

3 What is GAIN and what does it do? GAIN’s whole focus is on Business Growth. To achieve this GAIN has six main pillars: 1.The Business Engagement Service (BES) Telephone and -based service for any business offering light-touch diagnostic, signposting and brokerage.

4 What is GAIN and what does it do? 2. Links physical business space – formation zones, incubation space, innovation centres, science and business parks across the LEP areas.

5 What is GAIN and what does it do? 3. Links Investors with Businesses and businesses with the finance they need.

6 What is GAIN and what does it do? 4. Enterprise solutions - Plymouth University services – Marine/Renewables Expertise, KTPs, Internships, TECTONA Challenge, One-Stop Ideas Shop.

7 What is GAIN and what does it do? The GAIN Growth Fund+ is a £3million fund to assist the growth of businesses as part of the new Plymouth and South West Peninsula City Deal. It’s open to both SMEs and larger organisations across the Heart of the South West and Cornwall and Isles of Scilly LEP areas. The aim of the Fund is to create jobs, and as such the applications will be scored on value for money, number and quality of jobs created, and the amount of private sector investment leveraged. The job creation must be sustainable and the project and expenditure completed by 31 st March Grants can be used for capital investment, towards the cost of the new employment, or other associated project costs, but cannot be used for working capital. There are two levels of grant running in the fund, a smaller scheme with grants ranging from £25,000 to £150,000 (SMEs only) and a larger scheme with grants from £250,000 to £1million. For a discussion on your general eligibility for funding, and how to apply for a grant please call or or

8 What is GAIN and what does it do? 6. GAIN Web Portal Will tailor content to the local area Business to business area where businesses can talk to each other and share info/solve common problems.

9 What is GAIN and what does it do? GAIN web portal (cont) A grant-finder to link businesses with the most appropriate solution from local, regional or national schemes. A workspace-finder – a database of office space divided by type.

10 How will GAIN work? GAIN is an umbrella for all business support activity across the two LEP areas. It is totally non-threatening as it aims to drive businesses to providers, rather than competing with them.

11 How will GAIN work? It is an impartial service. Where there are a number of providers providing an identical service in the same area, it will look to signpost to a professional/trade association/regulatory body i.e. Chartered Institute of Accountants. The exception is where an organisation offers a unique service or there are a very small number of providers offering a specific programme in a specific area.

12 How will GAIN work? GAIN is a network of partnerships and aims to untangle and build provision. It adds value to existing provision and helps businesses to find the most appropriate solution for them. It has significant buy-in at strategic level and as the GAIN Growth Hub is one of the three key pillars of the Peninsula City Deal and has a high profile with Central Government.

13 GAIN and Social Enterprise Question How can GAIN make sure that Social Enterprises are properly involved, supported and integrated?


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