Finance and cash flow
There are several useful financial support schemes and grants that can be used to help grow your business.
Search for support opportunities to assist business growth projects using the finance and support finder tool on the Gov.UK website.
There is also lots of other information on this website offering advice on how to develop your business through a wide range of different topics.
New Business Growth Grants – for Manufacturers, Transport & Logistics Companies
Ashfield District Council are providing Manufacturing, Transport & Logistics SME’s (currently employing under 250 staff) based in Ashfield, with a grant to help ‘inject’ expertise into their business, to accelerate “productivity and efficiency” projects.
These grants range from £6,000 and £10,000 and can be used to pay towards external services e.g., with consultants and training providers to improve workforce capabilities and / or operational efficiencies and productivity. This is not a capital grant and so only revenue projects will be eligible.
This grant scheme will run from 13 September to 24 October 2021.
Please know funds are limited and so all applications will be processed on a first come first served basis. Should our funding’s be used up before the 24th October, then this scheme will close earlier.
Application forms and scheme details can be requested from the Business Support Team on the email below:
The Recovery Loan Scheme
The Recovery Loan Scheme will be launched on 6 April 2021 and is scheduled to run until 31 December 2021.
Loans, overdrafts, asset finance and invoice finance facilities from £1K to £10M are provided by the British Bank to help businesses affected by Covid-19. Finance can be used for any legitimate business purpose, including managing cashflow, investment and growth.
You can apply for this even if you have already taken part with BBLS, CLBILS, CBILS.
NBV Growth Grants
NBV are a business support provider and they have some grants that can provide between up to 25% of project costs to a maximum of £2,500, however you must be registered with company’s house and be trading B2B.
This grant can be used to purchase services or equipment as part of business growth needs but there are certain restrictions so please check the criteria carefully. The minimum project spend is £4000 and you will receive a £1000 grant, so to get £2500 you need to spend £10,000.
Find out more on the NBV website or contact them by:
- email: email@example.com
D2N2 Capital Growth Fund
EMB work with D2N2 to manage this fund. It’s open to establish SME’s and grants between £1,500 and £10,000 to cover up to 30% of eligible project costs. These include capital purchases such as machinery, equipment and IT hardware.
Businesses must be able to demonstrate they are trading and have the potential to grow.
Find out more on the D2N2 website or contact them by:
- email: David.Smith@emb-group.co.uk
Invest to Grow
This programme is managed by University of Derby and is designed to support established private sector businesses to innovate, grow, and create jobs.
Grants or loans, according to the needs of the business, are available for around 30% of the cost of investment to help create long-term sustainable job growth. The business has to find at least 70% of the project cost.
Minimum award size is £15k, so the minimum project cost is likely to be £50k. Maximum award size is £250,000.
Find out more on the University of Derby website or contact them by:
- email: firstname.lastname@example.org
The Big House Programme
This support program is for businesses that operate within creative and digital industries.
Some grants may be available, in addition to advice, mentoring and workshops. It doesn’t matter what stage or size your business is at, if you are trading and seeking to grow, then they can support you.
Find out more on the Big House website.
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. Midlands Engine MEIF is a collaboration between the British Business Bank and ten Local Enterprise Partnerships (LEPs) in the West Midlands and East and South East Midlands.
MEIF provides over £250m of investment to boost small and medium business (SME) growth in the Midlands. If your business is located in the Midlands and you are looking to scale up, then this fund can help.
Find out more on the MEIF website or contact Lewis Stringer, Senior Relationship Manager at British Bank, by:
The FSE Group
A delivery partner of the British Bank, provide funding solutions to support established SME’s with revenue streams in excess of £100k. Minimum £100K loans are available, repayment periods are between 1 to 5 years.
Find out more on the FSE Group website or contact:
- email: Paul Lynam, Fund Manager email@example.com
- call 07818 087 997
Maven Capital Partners
A delivery partner of the British Bank providing a range of funding options to growing businesses. They can offer a range of flexible funding solutions for entrepreneurial businesses at any stage of the growth cycle, including finance of £100,000 to £1.5m from the Midlands Engine Investment Fund (MEIF). Maven are also accredited to provide funding under CIBLS (Coronavirus Business Interruption Loans).
Find out more on the Maven Capital Partners website.
The Food and Drink Forum
Can offer a range of free support services to help Food and Drink manufacturers of all sizes.
Grants of up to 25% of project costs for capital projects only, minimum projects £4,000 to a maximum £200,000. They also provide 12-hours free technical advice and access to events.
Find out more on the Food and Drink Forum website or contact Trudi Davison.
Are a national health technology business support organisation. They can provide commercial opportunities, funding and investment, recruitment and exporting advice and trade missions. They also have a membership service.
Find out more on the Medilink website or contact Jo Maltby by:
- email: firstname.lastname@example.org
- telephone: 0115 822 3154.
One Stop Finance
Provide secured loans for SMEs as long as they have a limited company and you are able to offer security for your debts, they can almost certainly work with you to find the best solution for your particular circumstances.
They can access almost every type of finance solution that an SME might need. This allows them to offer tailored services to clients very quickly.
Find out more on the One Stop Finance website or contact them by:
- email: email@example.com
- telephone: 01757 289885.
Ways to contact business support
The best way to contact us is through our online form so we have the right information to help you as quickly as possible. Contact us by: