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Funding to help grow your business

The Business Growth Programme

We are delighted to announce that the new £23.5 million Business Growth Programme 2 (BGP2) has launched and the first funding round is open for applications.

BGP2 offers grants of £2,500 - £1,000,000 and is designed to strengthen supply chains, stimulate innovation and help businesses grow.  The programme is available to:

Existing Small and Medium sized enterprises (SMEs) that operate on a business to business basis and SMEs moving into or located in The Greater Birmingham & Solihull and The Marches Local Enterprise Partnership areas (this includes East Staffordshire SMEs).

Part-funded by the European Regional Development Fund and managed by Birmingham City Council, BGP2 builds on the successful delivery of the £33m Business Growth Programme   which closed in December 2018. To find out more about the current funding round please visit the following website: https://www.birmingham.gov.uk/bgp

Business Innovation Centre (BIC)

To help you find funding to support your business growth, the BIC has developed over a number of years its own database of funding support which identifies all the business support organisations in the region that can help your business and includes a separate section showing all the funding opportunities open to businesses in the region.

More information: Tel: 01782 333798, email: enquiries@thebic.co.uk ,web: https://www.thebic.co.uk

Jobs and Growth Fund

This programme is now closed.

Business Springboard Boost

This programme is now open.

More information: More information on the Business Springboard Boost fund and details of the entry requirements can be found herehttps://www.eaststaffsbc.gov.uk/business-and-investment/business-springboard .

Innovative Growth in Stoke and Staffordshire (IGISS)

This programme is now closed.

High Growth Investment Programme

This programme is now closed.

Staffordshire LEADER Programme

Staffordshire LEADER Programme – Is currently OPEN, completed expressions of interest to be received by Sunday 11th February 2018.

Please contact the LEADER Programme Team at cmb.leader@staffordshire.gov.uk with basic details of your project idea and business/site post code to be included on a list to receive notification of the next bidding round. Please see the new application process here.

Growth Programme - For Rural Businesses

Rural businesses can apply for competitive grants from the Growth Programme. Growth Programme business development grants are available to develop a new or existing business in a rural area. Applicants can be:

  • a micro or small-sized business
  • a micro or small-sized social enterprise
  • a farmer wanting to diversify into non-agricultural activities

Growth Programme grants will normally be above £35,000. Applicants can usually apply for a grant to cover up to 40% of the project’s eligible costs. The minimum eligible cost of the project would, therefore, be £87,500. Grants will normally be to a maximum of £145,000. Occasionally, the calls for application will be for larger projects. Grants for these projects will only cover up to 20% of the eligible costs.

The following costs are eligible for funding:

  • building or improving fixed property
  • buying new equipment and machinery and
  • architects, engineer or consultant fees for the project – (as long as these don’t add up to more than 15% of the project’s total eligible costs)

The following costs are also eligible, as long as they only form part of the project being funded:

  • buying or developing a dedicated piece of computer software – but not an off-the shelf piece of business software (like Microsoft Office)
  • patents, licences, copyrights or trademarks, and
  • energy-saving and resource efficiency equipment

Before applying - Register with Rural Payments

Applicants need to register for rural payments before they can apply. If they have already registered, they won’t need to do this again.  After they register, applicants will get a Single Business Identifier (SBI), which they will need for their Growth Programme application. Applicants must still register even if they already have an SBI.  There are 2 stages to the application process - an outline application and a full application. Applications are assessed at both stages and only the highest scoring applications will be successful.

Applicants will need to fill in 2 application forms to apply for grant:

  • Stage 1: an ‘outline’ application, then if successful (Download an outline application form)
  • Stage 2: a ‘full’ application

For Further information visit - https://www.gov.uk/guidance/business-development-grants-growth-programme

Finance and Funding Support

GBSLEP - Growth Hub - Funding and Finance Portal 

The Growth Hub comprises of a web based portal which aims to engage with all types of businesses with the ambition, appetite and potential to innovate and grow. The Growth Hub - Funding and Finance Portal offers a quick way to understand what finance is available to help grow your business? The Funding and Finance portal has been is designed to simplify the process for small and medium enterprises (SMEs) to raise finance by providing local businesses with the information that they need to assist them with access to finance, by clearly segmenting potential funders into areas of specialism and expertise.

Search for funding by visiting https://www.gbslepgrowthhub.co.uk/funding-finance

Better Business Finance (BFF) 

Better Business Finance provides impartial information and support to businesses and entrepreneurs looking to develop and grow; whether the business is seeking finance, or starting out or exporting abroad, BBF is here to help. It was set up by Barclays, HSBC, RBS, Lloyds and Santander.in 2011 and is managed by the British Bankers’ Association (BBA) in collaboration with its business and finance partners. BBF was created to bring to life the recommendations of the Business Finance Taskforce, which was set up by the major banks to work together to help support the UK’s small and medium-sized businesses who are vital to our economy.

Search for funding by visiting http://www.betterbusinessfinance.co.uk/

Which funding scheme(s) suits your business?

The number of funding schemes available means the information can appear overwhelming and complex to navigate through. The council's enterprise team can help with this by talking to you to find out your aspirations and requirements and signposting you to the scheme that is best suited to you.

If any of these funding programmes are of interest, or you would like to talk to someone about what funding you may be eligible for, then the enterprise team can help.

Please see the contact the enterprise team page for full details of how to get in touch.