Business funding

Changes to Support for Derbyshire Dales Businesses from 1 April 2020

From the 1st April 2020 there will be a change to the way businesses in the Derbyshire Dales access support. Previously, any SME located within the Derbyshire Dales has been able to access support from the Growth Hubs in both the D2N2 Local Economic Partnership (LEP) and Sheffield City Region LEP areas. However, as a result of the Government’s 2019 LEP Review, whilst the LEPs will continue to work in partnership, from 1st April businesses will only be able to access advice and support from the Growth Hub which covers the geography they are located in. So for Derbyshire Dales businesses this will be the D2N2 Growth Hub. For those businesses currently receiving support from Sheffield City Region, this will continue through to its natural conclusion. Businesses will then be referred to the D2N2 Growth Hub for future support and advice.


D2N2 Business Investment Fund 

Eligibility area  - Derbyshire and Nottinghamshire

Criteria for the grant

Businesses must be SMEs with projects that will directly improve their productivity, efficiency and/or job creation.

How much is available?

Between £3,500 and £20,000 are available and will contribute up to a maximum of 35% of project costs.

How do businesses apply?

More information can be obtained by visiting the D2N2 website or calling the DDDC Business Advisor, Heather Bradford on 01629 761330. 


Marketing Peak District & Derbyshire Business Grants Scheme

Eligibilty area - Derbyshire

Criteria for the grant

Businesses must be part of the visitor economy or it's supply chain, including sole traders, partnerships and limited companies ( accommodation provider, attraction, activity provider, food & drink provider etc) and have fewer than 250 employees.

How much is available?

Between £1,000 and £10,000; successful applicants will receive 50% grant towards the cost of the overall project; minimum 50% grant contribution £1,000 and maximum £10,000.

How do businesses apply?

You must first register your interest with MPDD, here.


D2N2 Capital Growth Fund

Eligibilty area  - Derbyshire and Nottinghamshire

Criteria for the grant

Businesses must be able to demonstrate that they are already trading and that the project will enable employment growth. The grant will cover capital costs, eg machinery, equipment, IT hardware but cannot support vehicle purchases. More details are available in the guidance notes via the link below.

How much is available?

Between £1,500 and £10,000 is available with a maximum intervention rate of 30%

How do businesses apply?

More information and how to apply is available here

D2N2 Invest to Grow

Eligibility area - all of the East Midlands

Criteria for the grant/loan

Businesses need to have fewer than 250 employees

Businesses need to demonstrate that their project:

  • will create new jobs
  • will increase the scope and scale of the business activity
  • will improve performance
  • has not yet started and will not be achievable in the timescales proposed without Invest to Grow support
How much is available?

Between £15,000 and £250,000. Minimum project cost must be £50,000.  THe majority of awards are a mix of grant and loan.

How do businesses apply?

For more information and how to apply, click here

NVB Grant for Enterprise

Eligibility area - Derbyshire, Nottinghamshire, Leicestershire and Greater Lincs.

Criteria for the grant

Business must be currently trading
Business must sell business to business or business to consumer (service only, not retail)
Business must have fewer than 250 employees

How much is available?

Grants of between £1,000 and £2,500.  Minimum project spend is £4,000

How do businesses apply?

Expressions of interest need to be completed.  To find the form and to get further information, click here

NBV Grant for New Business

Eligibility area - Derbyshire, Nottinghamshire, Leicestershire and Greater Lincs.

Criteria for the grant

businesses need to be ready to start trading
wanting to sell business to business or business to consumer ( service only, not retail)
business is registered with Companies House or HMRC

How much is available?

Grants of between £1,000 and £2,500. Minimum project spend is £4,000.

How do businesses apply?

Expressions of interest need to be completed.  To find the form and to get further information, click here.

Energy for Business

Eligibility area - Derbyshire and Nottinghamshire

Criteria for the grant

Business must have fewer than 250 employees

How much is available?

Projects must be no less than £2,500 and no more than £20,000. It is a Capital funds grant that is 40% match funded.

How do businesses apply?

Emails should be sent via the link here


Workplace Charging Scheme

Eligibility area - national

Criteria for the Grant - various; see the link for details

How much is available?

 

WCS provides a grant equal to 75% of the purchase and installation
costs of a chargepoint, capped at a maximum of £500 for each socket,
up to a limit of 20 sockets per company.


For more information, visit here