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G&E Leeds grant funding flyer

Regional Grant Funding 

Leeds City Region + North Yorkshire

Business Growth Fund-Leeds City Region

  • Minimum spend by the client £50k*
  • Up to 20% grant support for SMEs
  • Minimum spend by the client £50k*
  • Available for Capex and fit out/enabling
  • Business sectors: manufacturing, creative digital, healthcare, logistics, low carbon, finance & professional
  • Maximum grant £250k or £500k over 3 year period

LEP Loan

  • loan £500K to £1m
  • Capital infrastructure projects only
  • Acquisitions or upgrades
  • Create permanent new jobs
  • 25% of project financed by LEP on basis that 75% financed commercially
  • Clear business plan required

Digital Enterprise Support (on hold until June 2017)

  • Aimed at growth focused SMES looking at upscaling digital technology to grow their business.
  • Digital growth vouchers from £1k to £5k available. Grant support 40% up to a maximum of £5000, client contribution 60%
  • Vouchers to be used for upgrading IT hardware/ software, digital connectivity/web site up-scaling/ VOIP/SEO/social Media/cloud/Cybersecurity/CRM
  • Can also include consultancy costs aligned with project.
  • Impact new jobs, increase in t/o, profitability and /or connectivity speeds.
  • Will include free master-classes on SEO, Social media, Blogging and Online marketing

Northern Powerhouse Investment Fund (NPIF)

  • Micro Finance £25K to £100K
  • Debt Finance £100K to £750K for high growth potential
  • Equity Finance £50k to £2m for ambitious established business and large scale start ups

Resource Efficiency Fund-Leeds City Region

  • Fund to help set up capital resource efficiency projects that provide technical assessment.
  • Applications 50/50 grant to clients contribution.
  • Grant support from £1k to £10k
  • Aimed at projects with potential for high power savings, client to produce 12 months evidence of resource consumption and how the project would improve efficiency.
  • Eligible businesses standard 5 areas (Leeds City Region) does not include retail, cafes, restaurants, fishery or agriculture

Ad:Venture

  • Fund to help businesses 0-3 years old
  • Applications 50/50 grant to clients contribution.
  • Eligibility / scope of capital spending still be announced
  • Grant support from £500 to £25k
  • Local Advisers will provide support and advice
  • Eligible businesses standard 5 areas (Leeds City Region) does not include retail, cafes, restaurants, fishery or agriculture
  • Business Start up to 1 year- minimum £500 and maximum £2500-Turnover to grow by £250K and create 3 jobs over 3 years. Supports marketing and professional fees.
  • 2 to 3 year old business. £5k to £25k support to support capital growth costs. Growth of £500k and 5 jobs over 3 years

Manufacturing Growth Service

  • Formally MAS / PERA
  • Now reset to assist manufacturing businesses with growth
  • Grant support for specific projects
  • 35% grant 65% client
  • Developing lean management systems
  • Factory/production layout

Resource Efficiency Fund-Leeds City Region

  • Fund to help set up capital resource efficiency projects that provide technical assessment.
  • Applications 50/50 grant to clients contribution.
  • Grant support from £1k to £10k
  • Aimed at projects with potential for high power savings, client to produce 12 months evidence of resource consumption and how the project would improve efficiency.
  • Eligible businesses standard 5 areas (Leeds City Region) does not include retail, cafes, restaurants, fishery or agriculture

SuperFast South Yorkshire

  • Doncaster, Barnsley, Sheffield , Rotherham
  • Connection Voucher for new connection costs between £1000 and
  • £5000. 50% voucher
  • Innovation voucher for costs between £5000 and £24,999. 50% funding

York, North Yorkshire & East Riding Availability

  • Product and Process innovation – 40% grant for equipment and capital up to £20K
  • Manufacturing Growth programme-35% grant for consultancy support for finance, marketing, R+D
  • Northern Powerhouse Fund- Microfinance, debt finance and equity finance as described above
  • Lets Grow-£25K to £1m to support capital expenditure for 10% to 30% of expenditure on basis of sustained or new employment. Projects >£125k to be completed by March 2019
  • Digital Enterprise-as above

Information supplied by Garbut & Elliot | Simon Palmer | spalmer@garbutt-elliott.co.uk |

07703 715 028 | @SimonPalmer_ACA

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