Torbay Growth Fund Open for Business

24 Jun 2013

The Torbay Growth Fund is open for business. The Fund is an innovative new £1m fund designed to attract inward investment to Torbay or assist existing Torbay businesses to grow and create employment opportunities.

How does it work and who can apply?

The Growth Fund is designed to incentivise job creation in Torbay and offers a grant or loan of between £1000 and £4000 per job created, determined by how many criteria applicants meet. Funding can be spent on physical building and investment in equipment; or on services such as product development support or marketing.

We are particularly targeting priority sectors such as advanced manufacturing & engineering, photonics & electronics, medical & healthcare and those creating high skilled or research driven well paid employment.

Applications and the level of funding awarded is on a case by case basis but dependent on whether companies meet the criteria and also on the number of jobs their project application creates.

What next?

So if you are an existing Torbay business, a potential inward investor or a company or organisation providing support or advice to these groups then why not review the attachment and consider an application to the fund and help to create the landscape for success in Torbay.

For an application form and guidance notes please call Jason Buck, Investment Development Manager on 01803 208799 or email


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