There are a range of funding opportunities available to businesses looking to invest in Derbyshire.
D2N2 Growth Hub
The D2N2 Growth Hub has more information on accessing funding and support for your business.
Unlocking investment for growth
D2N2, the local enterprise partnership for Derby, Derbyshire, Nottingham and Nottinghamshire has secured £5m to help local businesses grow and create new jobs. This new flagship programme provides up to 25% in support of capital investment projects with a minimum overall project value of £200,000. In exceptional circumstances up to £500,000 of grant funding will be made available to projects that can demonstrate real potential to create new jobs.
Priority will be given to the six key sectors of the Local Enterprise Partnership:
- food and drink
- transport equipment manufacture
- low carbon
- the visitor economy.
However, all applications that can demonstrate a well thought out business case, significant job creation and value for money will be considered.
Expressions of interest are currently being invited.
Invest to Grow
Invest to Grow is available across the whole of the East Midlands.
The fund offers up to 30% of project costs to help create long term sustainable job growth. Grants and loans are available between £15,000 and £1m with a minimum project cost of £50,000.
The programme is aimed at growth sectors such as transport equipment manufacturing, medicine and bio-science, construction, food and drink manufacturing, logistics, low carbon, creative industries and visitor economy. Funding is available until 2017.
Derby Enterprise Growth Fund
£20m of Regional Growth Fund is available to businesses to grow enterprise and jobs in Derby and its travel to work area.
Applications are invited through the following programmes:
Innovation - applications are welcomed from enterprises primarily, but not exclusively, in the aerospace, rail and automotive supply chains. Grants can be used to improve products and related services.
Expansion - enterprises with growth potential across all sectors, including social enterprises, may apply for loans and in some cases grants, for activity that will create and sustain new jobs. This can include capital equipment, site and building infrastructure and costs with relocation from elsewhere in the UK and abroad.
Investment - this programme will make available risk capital and equity for investments in the region of £50,000 to £1m for high growth potential and early stage businesses where the investment will support the creation and selling of a new product or service.
For more information visit Derby Enterprise Growth Fund
Markham Vale Enterprise Zone
Junction 29a M1. Enhanced Capital Allowances are available on site.
The Enhanced Capital Allowances will allow those who incur qualifying capital expenditure a 100% capital allowance in the first year of purchasing their assets, as opposed to the 18% that would normally apply. For further information visit Markham Vale.