Art Renewables have collaborated with The New Anglia Growth Hub and obtained funding through the Small Grant Scheme, part funded by the European Regional Development Fund. This enabled us to obtain £50,000 in support for a new fully equipped van, complete with van safe, racking, tools and equipment, including technical measuring equipment and high-end design software. The Small Grant Scheme will provide a 40% return on the project’s capital expenditure. We strategically timed this with the government’s Super Deduction scheme and with VAT back, which will reduce Art Renewables’ cost to just £5,000 for a £50,000 capital investment.
This funding will allow Art Renewables to take on a new employee and expand the business. We have also secured a new unit in Cawston, and will be moving our operations there in a move to centralise our resources. We thank all of the team at the New Anglia Growth Hub for their support and we look forward to a larger and more skilled team.