Your business may be eligible for funding of up to £250,000 through Invest to Grow, a programme offering loans and grants exclusively to private businesses in the East Midlands. Find out what you need to know and how to apply.
What is the Invest to Grow programme?
The Invest to Grow programme aims to support private businesses in the East Midlands by providing project funding to help them innovate, grow and create new jobs. Loans and grants from £15,000 to £250,000 are available for eligible businesses.
Who can apply?
Private businesses in a range of sectors can apply for these loans and grants in the East Midlands. These sectors include:
- Manufacturing
- Life sciences
- Construction
- Logistics
- Engineering
- Technology
- Creative industries
- Low carbon
The loans and grants are available to SMEs, large enterprises, sole traders and partnerships. Unfortunately B2C companies and businesses in the professional services, farm-based agriculture and retail sectors are not eligible to apply.
What are the eligibility criteria?
There are several criteria your project must meet in order to qualify for a loan or grant through the Invest to Grow programme.
- Your minimum project cost must be £50,000
- It will lead to new jobs or protect existing jobs in your business
- It will expand the scope or scale of business activity
- It will improve business performance
- It has not started yet and would not be achievable in the timescales you have set without financial support from Invest to Grow
You will also need to evidence that you have already explored other options for financial support and funding before applying.
Only certain costs are eligible for the loans and grants:
- Land and building purchases
- Refurbishment, fitout and adaptations of land and buildings
- Plant and machinery
- Equipment
- Product development
How to apply
Find out more and apply for these loans and grants in the East Midlands on the Invest to Grow programme website.
For further information on loans and grants available to your business, contact us today to speak to one of our expert business advisers.