Funding streams available

Business Growth Programme 

If you are a business looking to grow, funding from the Business Growth Fund could help you unlock your ambitions. By providing you with growth capital, the fund could give you the long-term stability you need to carry out your strategic plans, creating a solid base for growth.

The business Growth fund will be available till 2020 offering grant support to; small to medium sized businesses looking to buy Capital expenditure and/or premises fit out enabling works for premises. 

Grant support has been extended to businesses that look to extend their premises and increase capacity.

Grants of up to 20% of project costs (exclusive of vat) with a maximum grant application of £250k, the Minimum spend by the client are £50K with a minimum 12 month trading history.

Local Contacts- Pat Coffey; e: pcoffey@wakefield.gov.uk / Patrick Loye; e: ploye@wakefield.gov.uk

Strategic Business Growth

Strategic business growth programme is a new service which will be delivered by Winning Pitch consultants and will offer a package of advisory and financial support to growth SMEs.

This programme is similar is in two elements.

  • Advice- 121 and 12 many support  on topics such as strategy planning, sales, marketing plus financial management and investor readiness.
  • Financial support.  Capital grants between £10k and £40k will be available for eligible businesses to invest in plant, equipment, machinery plus premises fit out and refurbishment. Maximum intervention rate 20%.

This programme will be available till to January 2020.

Access to Innovation

Access to innovation is a new service aimed at SMEs who are looking to develop innovative new products or processes.

  • 121 advice and help to identify innovation needs and specialist support.
  • Funding to access innovation expertise.
  • 50% funding towards accessing the right expertise, equipment or facilities available through a research organisation.

Maximum grants available are up to £50k for eligible projects with a cost between £10k and £100k. Example of eligible projects this could cover i.e prototyping, specialist research, supply chain opportunities.

AD:VENTURE

A new programme aimed at supporting eligible new start or early years businesses through a range of interventions including grant support. Pre start clients need to show they have the potential to grow to £250k turnover by year 3 and take on staff by year 4.Grant support is available from £500- £2500 for eligible business on a 50/50 share basis.

Early years growth businesses will need to work with one of the growth advisers and take their turnover through £500k and 5 staff within 3 years. Grant support is available for eligible businesses from £5000-£25000 on a 50/50 share basis.

More details and to check eligibility call 0845 524 0210 email: support@ad-venture.org.uk
Local Contact Mindir Paul email:mindir.paul@ad-venture.org.uk


Resource Efficiency Fund

The resource efficiently provides financial support and advice for SMEs looking to become more efficient in the way they do business and their use of energy.

Businesses could be eligible for a free and comprehensive efficiency assessment.

The grant support is available between £1k and £10k on a 50/50 share.

 

Exporting for Growth

Exporting is a grant programme supporting SMEs in exporting and to grow their success within international markets.

Grants of up to £2,000 are available for new exporters and up to £5,000 for existing exporters are available on a 50/50 share.

T: 01226 720786 E: exportingforgrowth@mobile.trade.gov.uk

Local Contacts – Pat Coffey; e: pcoffey@wakefield.gov.uk / Patrick Loye; e: ploye@wakefield.gov.uk

Manufacturing Growth Programme

This is the new version of the manufacturing advisory service in Yorkshire and the Humber. The programme provides free advice and support to manufacturing SMEs .Growth advisers can assist in most areas of manufacturing including business strategy, marketing, process management etc.

Grant support is available to growth businesses with 35 % of the project cost being grant based and 65% cost by the client. Minimum grant is £1000. Average project costs could be £4000 therefore grant circa £1400. Larger grants would be considered for exceptional growth potential.

Initial Contact - Neil Harriman

T: 07790 358637 E: neil.harriman@egs.live

Local Contacts- Pat Coffey; e: pcoffey@wakefield.gov.uk / Patrick Loye; e: ploye@wakefield.gov.uk