Grants

A key factor in business development is the support that can be accessed to reduce the overall investment in a programme of growth. This can make a significant difference to the services that can be accessed and provide a significant reduction in the investment required too.  In addition, from time to time, there are additional funds that appear for limited periods – some with 100% rebate.

Currently available funds:

Designing Better Business

What is it?

Delivered by the Regional Technology Centre, this grant is aimed at help businesses place design and innovation at the heart of of their business. LINK (TBA).

 What can it be used for?

Almost any type of business support that will help your business to grow – from marketing and business planning to financial or human resources planning.

What is the investment and the benefits?

There are two elements: A simple grant of 40% for projects from £2,500 to £5,000, and Grant fund for product design (can include software) 40% up to projects max of £20,000.

NE Business Support Fund

What is it?

A grant of up to £2,800 towards a project worth up to £8,000 NE Business Support Fund which is provided through NBSL (Northumberland Business Service).

What can it be used for?

Almost any type of business support that will help your business to grow – from marketing and web design to financial or human resources planning.

What is the investment and the benefits?

A simple grant of up to £2,800 towards a project worth up to £8,000.

Tees Valley Business Support Schemes

Capital Grant Scheme

This scheme provides grant support to businesses in the supply chain of the SSI UK steel works in Redcar anywhere in the UK, plus most manufacturing and service sector businesses (offering more than a local service) based in the Tees Valley.  Grants are available for capital investment projects which are designed to expand or diversify the business, leading to sustainable growth and the creation or safeguarding of jobs.  Grants of up to €200,000 (c.£140,000) are available to SSI UK supply chain companies and up to £49,999 to other Tees Valley businesses.

Click here to download the Capital Grant Scheme Support Guidelines

Click here to download the Capital Grant Scheme Application Form

Click here to download the Declaration of De Minimus Aid Received

Small Grant Scheme

This scheme provides grant support to most manufacturing and service sector businesses (offering more than a local service) based in the Tees Valley.  The scheme offers small grants so businesses can access external expertise and professional services to help them overcome barriers to their growth, leading to the creation or safeguarding of jobs.  Grants of between £2,500 and £25,000 are available.

Click here to download the Small Grant Scheme Guidelines

Click here to download the Small Grant Scheme Application Form

Click here to download the Declaration of De Minimus Aid Received

Start Up Loans

Start Up Loans is a government backed scheme, providing repayable loans and mentoring to individuals in the UK with a viable business idea but no access to finance.

Loans of up to £25,000 at 6.0% interest rate, can be arranged for businesses  that have been trading from 0-24 months.  Terms can be up to 5 years and there are nice features like: No early settlement fees and no application fee.

Further information can be found here