Kidderminster based Greensafe IT Ltd has been awarded €200,000 through the Property Investment Programme (PIP) grant.
Kidderminster-based Greensafe IT Ltd was established in 2012 with just two of the current management team. Initially based in Bromsgrove, the business focused on ITAD services and the recycling of technology products. Over the last two years, the company has implemented a range of additional services and is now proud to boast a total of 46 full-time staff and 10 apprentices.
The rapid growth of the business in services, staff and profit meant that Greensafe needed to expand outside of its original premises. The company needed financial support for the £1m build expansion programme, and contacted Worcestershire Business Central and NWedR who investigated a number of possibilities to bring the action plan to life.
Potential financial routes were explored and the team reached out to Birmingham City Council (BCC) where the Property Investment Programme (PIP) was first identified.
Greensafe were overjoyed to receive the full amount throught the programme in their first application.
Gwen Evans, Worcestershire Business Central said: “I am delighted that we could support Greensafe in being awarded the full €200,000 from the PIP BCC grants. Businesses are able to apply for the maximum amount of €200,000 over three years, and it is fantastic that Greensafe were awarded this all in one go.”
"The grants have allowed the company to increase its business prospects and expand in shorter amount of time than it could have without the support – creating great local employment opportunities.
"This excellent outcome is thanks to the hard work and co-operation of the Greensafe management team with Wyre Forest District Council, NWedR, the two local growth Hubs – Worcestershire Business Central, Greater Birmingham & Solihull LEP and of course Birmingham City Council through which the European Development Funding for the Property Investment Programme is directed.
“We are extremely pleased to have worked towards an excellent outcome for Greensafe IT to enable them to realise their business plans and grow their business in Kidderminster.
Speaking of their success, Jon Sansome, MD of Greensafe IT said: “I am both amazed and very appreciative of the tremendous support that Greensafe has received. For businesses who are thinking of applying for funding, I would recommend talking to the support functions in Worcestershire who are really helpful."
WHAT IS THE PROPERTY INVESTMENT PROGRAMME GRANT (PIP)?
The grant is designed to help businesses to improve their commercial premises by providing financial support towards the cost of building improvement works. Funding is targeted at SMEs located in or moving in to the Greater Birmingham and Solihull Local Enterprise Partnership (GBSLEP) area and delivering activities within the B1 and B2 planning categories (manufacturing and processing, office uses, business-to-business activities).
Grants will be payable at up to 50% of eligible project costs; and in line with EU ‘De Minimis’ state aid regulations subject to a maximum award of €200,000, approximately £180,000 per SME and subject to contract.
left to right:
Mark Aldington – Compliance Director
Mick Myatt – Operations Director
Jon Sansom – Managing Director
Andrew O’Connor – IT Director
David Healey – Sales & Marketing Director
For full information about the BIP Grant, visit www.birmingham.gov.uk/pip.
The site in Kidderminster at Hoo Farm industrial Estate where the new premises are to be built