Businesses looking to grow can now apply for investment of up to £250,000 through MOmentum VC.

Applications have opened for the third round of MOmentum VC, the £5m investment fund launched by businessman Mo Chaudry to help ambitious businesses grow and create jobs across Staffordshire and the Midlands.

The fund offers investment of up to £250,000 to businesses looking to take their next step, whether that means expanding into new markets, investing in equipment or pursuing a significant growth opportunity.

The latest round builds on the fund’s initial activity, which has already seen its first investment completed.

Tom Nadin, Chief Projects Officer at Staffordshire Chambers of Commerce, said: “Access to finance can make a real difference to a business with ambitions to grow.

“Whether it’s investing in people, expanding operations or taking advantage of a new opportunity, the right funding can help turn a growth plan into reality.

“MOmentum VC offers businesses a chance to put forward their plans and explore what investment could mean for their future. We’re proud to support an initiative that backs local entrepreneurs and helps businesses realise their potential here in Staffordshire and the wider region.”

MOmentum VC is aimed at established early-stage and growth businesses with a proven business model and revenue generation, where investment could support their next phase of development.

Businesses interested in applying or finding out more can email start@staffordshirechambers.co.uk.