Economic development agency Warrington & Co is awaiting the outcome of an application for £3.5m from the third round of the Regional Growth Fund to support small firms in the science and engineering sectors.
If successful, the money will be used for a three-year programme managed directly by Warrington & Co. A fund will be set up to help science and engineering companies with up to 50 employees to apply for a grant to fund a capital project or training programme. Any funding awarded will be conditional on projects creating new jobs. Grants will be available to fund up to 20% of a capital project or 80% for training programmes.
The next wave of winners chosen by the RGF assessment panel, chaired by Lord Heseltine, will be announced in the autumn.
Peter Crompton, chairman of Warrington & Co and director of BE Group, said: "The science and engineering industry sectors are a significant part of Warrington's business base. Warrington & Co is keen to ensure the companies operating in these sectors are given as much help as possible to innovate, up-skill and grow."