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Financial Assistance

    We aim to support local businesses and individuals as much as possible. Below are some of the financial schemes on offer.

    Business Funding

    Rural Gigabit Broadband Scheme – as an extension to the Gigabit Broadband Scheme, businesses in hard to reach rural areas where speeds are less than 30 mbps can apply for a voucher of up to £3,500. 

    Small Business Grant Scheme – Offers capital grants ranging from £1,500 to £10,000 (up to 60% of eligible costs whichever is the least) to eligible businesses.

    Start Up Loans Programme - Government funded scheme providing business start up support in the form of a repayable loan together with a business mentor for entrepreneurs across England, Northern Ireland and Wales.

    Grants for Growth - 30% grants ranging from £10,000 to £160,000 to help eligible businesses buy and/or expand premises, equipment or machinery. 

    Gigabit Broadband Voucher Scheme - Small and medium sized businesses can apply for a voucher worth up to £2,500 to claim against the installation cost of a gigabit capable connection. 

    Manufacturing Growth Programme - free advice and grant funding to help manufacturing businesses become more competitive by creating new products, entering new markets, improving their supply chain and becoming more productive. 

    Growing Places Fund - A two year zero percent loan scheme to support eligible businesses with specific projects. 

    MEIF Small Business Loans - Delivered by BCRS and funded through the Midlands Engine Investment Fund, loans are available to eligible start up and existing businesses. 

    SBEN Low Carbon Business Enterprise - Advice and funding to help businesses reduce their carbon footprint and increase energy saving. 

    New Product Development Grant - A grant of £5,000 to help B2B companies pay for external support to help research, develop and launch to market a new product or service.

    Investment Readiness Programme - A 60% grant ranging between £1,000 and £3,000 to assist businesses in the development and creation of business and strategic plans and financial forecasts, to help them prepare for growth as well as to apply for a range of finance including equity, debt, grant etc. For further information contact the Business Support Helpline on Tel: 0300 111 8002.


    Community/Business

    Sports Grants - There are many different types of grants available to sports clubs, coaches and individuals.

    Small Grants Scheme - small organisations can bid for between £200 and £1,000 to benefit their group

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