The BCT GOLD scheme, which officially launched October 2016, is primarily aimed at firms involved in advanced manufacturing, building technologies, business services, environmental technologies, transport technologies and social enterprises.
Eligible businesses can apply for grants of up to £9,000 through BCT GOLD to purchase plant and machinery, equipment or buy in consultancy to support expansion projects that will enable their business to grow by up to 20 per cent.
The scheme represents the second opportunity of its kind in the region. Its predecessor – the Black Country GOLD scheme – enabled over 86 businesses in the area to create jobs, increase output, develop new products and diversify into new markets.
One of the companies helped under the previous round of funding was printing company, Printdot, based at Fallings Park Industrial Estate, Wolverhampton.
Printdot Managing Director, Keith Milford, said: “The grant we received from Black Country GOLD enabled us to buy a new printer and IT equipment, as well as take on a new employee.
“All of this has had a significant impact on the excellent growth the company has experienced over the last year.”