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 for Broxtowe Businesses .

Support to find business grants and finance

If you need assistance or guidance in searching and applying for funding, the East Midlands Combined County Authority Growth Hub can help. Their Business Advisors can help guide you through the process of finding and applying for financing.

The Growth Hub website also lists local and national sources of business funding. For more information, please visit the Growth Hub website (Opens in a new window). 

Start-Up Loans programme 

The Start-Up Loans Company is part of the British Business Bank and delivers the Government's Start-Up Loans programme. This provides finance and support for businesses struggling to access other forms of finance.  The programme has been running since 2012 with a mission to support new and early-stage businesses to access affordable finance and mentoring support. 

They offer Government-backed personal loans to those looking to start or grow a business. In addition to this, successful applicants also receive 12 months of free mentoring and business offers. Applicants will also be supported to submit applications.

The loan amount is between £500 and £25,000 with a fixed interest rate of 6% per annum. 

For further information and to apply, please visit the Start-up Loans website. (Opens in a New Window). 

First Enterprise

First Enterprise provide loans ranging from £500 to £250,000 for SMEs and social enterprises unable to borrow from traditional lenders. 

They are a Responsible Finance provider in the East Midlands that provide alternative and responsible finance services backed by the Government. They also provide a range of business support that accompany the loans to help you make the most of the funding. 

For more information about First Enterprise, 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. Loans between £15,000 and £250,000 are available for businesses based within the East Midlands. 

For further information, please visit the Invest to Grow website. (Opens in a New Window)

Midlands Engine Investment Fund II

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, helping them to realise their full potential. For more information please visit the MEIF II website. (Opens in a New Window).

GOV.UK - Business Finance and Support

The GOV.UK website has a search facility for business finance and support that can be narrowed down to show schemes available in the East Midlands. 

For further information, please visit the Gov.uk business finance and support website (Opens in a new window). 

Contact
Economic Development
economic.development@broxtowe.gov.uk