As this project involves support from European Regional Development Funds (ERDF) it must comply with the ERDF SME Definition.
Businesses that are eligible to access this fund are SMEs based in the Cheshire and Warrington, Cumbria, Greater Manchester, Lancashire and Liverpool City Region LEP areas.
For the purpose of ERDF application, an SME is defined as an enterprise which employs fewer than 250 employees at the time the support is given and has either:
- An annual balance sheet total not exceeding the equivalent to 43 million euros, or
- An annual turnover not exceeding the equivalent to 50 million euros
- Is not more than one quarter (25%) owned by firms that do not comply with the above requirements
For further guidance or specific questions about the criteria, please contact your local Manufacturing Advisor who will be happy to discuss your businesses eligibility for the Fund.