Grants and Funding
The Leicestershire Business Recovery Fund provides support for rural businesses (including tourism, agriculture and creative industries) and independent retail businesses, to enable them to overcome the impacts they may have faced or are still facing, as a result of COVID-19.
This funding scheme is to ensure business recovery, through mitigation measures, including supporting businesses to diversify and increase their digital skills.
Grants are available between £2,000 and £10,000 (excluding VAT). The scheme will provide 50% grant support with the applicant providing the other 50% as match funding.
The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19.
Grants of up to £750 are being made available by the Harborough District Council to promote apprenticeships and what they can offer businesses.
If your business needs finance to expand, the Business Growth Grant is now available. This grant, provided by the Business Gateway Growth Hub, is available to existing small and medium-sized enterprises (SMEs) based in Leicester and Leicestershire. Grants from £2,000 up to £25,000* are available providing 35% towards the cost of capital projects (e.g. new machinery, tools, premises improvement or expansion, computer hardware).
The Digital Growth Programme grant scheme provides financial support with the introduction of new systems and software to improve business performance and productivity. Grants from £2,100 to £42,000 are available.
The £67m scheme is a government led initiative intended to help create a full fibre Britain. It is primarily aimed at SMEs who can claim up to £2,500 against the cost of the connection to a gigabit (1Gbps) broadband network either individually of as part of a group project. Download voucher scheme details [PDF]
The University of Derby's Invest to Grow programme provides grants and loans of between £15,000 and £250,000 to support private-sector businesses across the East Midlands to innovate, grow and create jobs.
This funded growth programme can provide free advice, support and help to source potential grants to help manufacturing businesses grow.
The Government’s £730 million Growing Places Fund loan scheme supports key infrastructure projects designed to unlock wider economic growth, create jobs and build houses.
Innovate UK aims to accelerate growth by stimulating and supporting business-led innovation. Grant funding competitions are open which can help you develop an idea and make it successful.
Apply for innovation competitions
The Industrial Strategy Challenge Fund aims to bring together the UK’s world-leading research with business to meet the major industrial and societal challenges of our time. This is part of government’s £4.7 billion investment in R&D over 4 years.
The Midlands Engine Investment Fund aims to transform the finance landscape for smaller businesses in the Midlands and to realise the region’s potential to achieve economic growth through enterprise.
The main contacts for the four MEIF funds are:
Enterprise Loans East Midlands – MEIF Small Business Loans fund
Victoria Copestake, Business Development Manager – firstname.lastname@example.org
Maven Capital Partners – MEIF Debt fund
Jonathan Lowe, Investment Director – Jonathan.Lowe@mavencp.com
Mercia Fund Managers – MEIF Early Stage Equity fund
Sandy Reid, Investment Manager – Sandy.Reid@merciatech.co.uk
Foresight Group – MEIF Equity fund
Ray Harris, Fund Principal – RHarris@ForesightGroup.eu