Grants and Funding

Grants and Funding

Funding plays a vital role in starting up and the expansion of businesses to their next stage of development; below are details of funding support which we are currently aware of within Broxtowe Borough .

Start–Up Funding & Grants

NBV – Grant for Enterprise

Grant for Enterprise supports the growth or development of existing micro, small and medium-sized businesses based in Nottinghamshire, Derbyshire, and Greater Lincolnshire. Grants available from £1,000 to £2,500, for further information please visit the NBV Website. (Opens in a New Window)


NBV – Grant for New Business

The NBV Grant for New Business, supports start-up businesses based in Nottinghamshire, Derbyshire, and Greater Lincolnshire. Grants available from £1,000 up to £2,500, the maximum for eligible costs is 25% and minimum project spend has to be £4,000. For more information please visit the NBV's New Business Grant webpages. (Opens in a New Window)


Start-up Loans

Available through the government is a loan with low interest rates to start or grow your business. Successful applicants will have access to mentoring from experienced advisors. For further information please visit the Start-up Loans website. (Opens in a New Window)


Further investment – Expanding Businesses

Digital Growth Programme Grant Scheme

Organisations across Derby City, Derbyshire, Nottingham City and Nottinghamshire can now apply for grants of up to £16,000 to improve their digital capabilities.

Grants of between £2,000 and £16,000 are available to organisations registered to take part in the scheme. The grants are for 40% of the total cost up to the £16,000 maximum and must be match-funded by the applicant organisation for the balance.

For further details please visit the EBusiness Club website. (Opens in a New Window)


Energy for Business

Capital grant for businesses who wish to improve energy efficiency, reduce greenhouse gas emissions or who are implementing sustainable energy technologies. For more information please visit the Energy for Business website. (Opens in a New Window)


FEAST

Funding for eligible businesses looking to purchase new equipment to help them grow and create jobs. For further information please visit the FEAST website. (Opens in a New Window)


First Enterprise – Business Growth

This loan funding is available to business in the East Midlands and the maximum available is £50,000. For more information please visit the First Enterprise website. (Opens in a New Window)


Invest to Grow

Invest to Grow is a programme designed to support private sector businesses, predominantly in the form of loan funding, to grow and create jobs.  For further information please visit the Invest to Grow website. (Opens in a New Window)


Midlands Engine Investment Fund

The Midlands Engine Investment Fund provides loan funding for smaller businesses, who would otherwise struggle to access finance, to help them achieve their full potential. It offers a range of support from start-up loans to businesses with ambitious growth plans.

It provides commercially focussed finance through Small Business Loans, Debt Finance, Proof of concept and Equity Finance funds.

For more information please visit the MEIF website. (Opens in a New Window)


N2 Business Growth Fund

N2 Business Growth Fund provides grants to support businesses in Nottingham and Nottinghamshire that are planning to grow through innovation. Focusing mainly (but not exclusively) on small and medium-sized businesses. Please visit the N2 Business Growth Fund website (Opens in a New Window) for more information.


The Foresight Nottingham Fund

Foresight Group, an independent infrastructure and private equity investment manager, has launched the Foresight Nottingham Fund, a £40 million fund looking to invest in high growth businesses with a focus on Nottinghamshire and Nottingham. The Fund is actively looking to invest up to £2m in high-growth businesses already operating in the region as well as those looking to invest in the region.

For further information, please visit the Foresight Nottingham Fund website. (Opens in a New Window)


If you are looking for further financial support available for businesses, search capabilities are available online on the Government's website. (Opens in a New Window)

If you area aware of potential business funding in the area or run a business financial support scheme not currently listed above, please contact the economic development section on the details below.

Furthermore if you have any queries regarding starting or expanding your business, please visit our business advice page or click the button below to directly talk with a business mentor.

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Contact
Economic Development
tel: 0115 917 3826