Funded up by the European Regional Development Fund (ERDF) and administered by Wolverhampton City Council, Black Country GOLD aims to assist social, small and medium enterprises in a number of key sectors across the region.
A full package of support will be given, with workshops and one to one support to identify ways in which companies can expand their operations.
Grants of up to £16,000 will be available, to be match funded by the business at a minimum of 50%.
Councillor Peter Bilson, Wolverhampton City Council's Cabinet Member for Economic Regeneration and Prosperity, said: "This is an excellent initiative to assist small to medium businesses expand their operations.
"The current economic climate has made life tough for many companies so this is a welcome helping hand to aid their growth.
"We are committed to regenerating our city and making it a place where companies can do business and I would urge anyone who thinks they might be eligible for this to get in touch with us as soon as possible."
Black Country GOLD is being launched at an event in Wolverhampton on Monday 17 February between 8.00am and 9.00am.
To register to attend the launch please email your full details: Name, Business Name, Business Address, E-Mail and Telephone number to Joanna Davies: ERDF Black Country GOLD, Grants Administrator Joanna.Davies@wolverhampton.gov.uk by 5.00pm on Thursday 13 February.
Full details will be sent to registered attendees on Friday 14 February.
- released: Tuesday 11 February, 2014