Funding Opportunities 
 

Business Growth Fund
 

This scheme is available up till 2020 offering grant support to SME’s looking to buy Capital expenditure or fit out enabling works for premises. The Grants available are of up to 20% of project costs exclusive of vat with a maximum grant of £250k. Minimum spend by the client is £50K with a minimum 12 month trading history.

Plans to introduce a separate fund for larger businesses in April 2017 similar to the SME fund. For more details and to check eligibility call 0113 348 1818 talk to Jon Vickers or Lauren Thomas

Email: businessgrowth@the-lep.com For the Website  Click Here 
Local contact Pat Coffey   email: pcoffey@wakefield.gov.uk

Retail Enhancement Fund 
 

This is an exclusive scheme to assist start up retail businesses in hot spot areas in Castleford, Pontefract and Wakefield Centre. Aimed at start up and existing business to take on space in specific areas to stimulate new business.

This scheme can assist with fit out and enabling works, signage. For new start businesses assistance with rental support for years 1 and 2 and for leased premises.

Contacts: Pontefract and Castleford John Hufton email: jhufton@wakefield.gov.uk

Resource Efficiency Fund
 

The resource efficiency fund is a new scheme to help SMEs reduce energy, water consumption and better manage waste costs. Businesses could be eligible for a free efficiency assessment. Grant support between £1k and £10k on a 50/50 share.

For more details and to check eligibility 0113 348 1818

Email: businessgrowth@the-lep.com  
Local contact Pat Coffey email: pcoffey@wakefield.gov.uk

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

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 advisors 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 £350. Average project costs could be £4000 therefore grant circa £1400. Larger grants would be considered for exceptional growth potential.

Initial contact Neil Harriman on 07790 358637 email: neil.harriman@egs.live

Local Contact Pat Coffey email: pcoffey@wakefield.gov.uk  

Leeds City Region Revolving Investment Fund


Short term, commercial loans of over £1 million are available through the Leeds City Region Revolving Investment Fund (RIF) to support infrastructure and construction projects which help deliver economic growth and job creation within the Leeds City Region.

Projects eligible for support include new homes, delivering new energy infrastructure, new factories and commercial buildings, where conventional sources of funding are insufficient and/or unavailable.

The Leeds City Region RIF creates avenues for developers, business and funders in the city region to work together with the public sector. Loans will be made available on commercial terms and compliant with State Aid restrictions to meet the gaps where private finance cannot be obtained.

For more information and to check eligability or to apply Click Here 

 
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