Capital Funding available for Chesterfield businesses

By Dom Stevens - 16 April 2019

The D2N2 Capital Growth Fund is a new fund which offers capital grant support to small and medium-sized enterprises investing in Derby, Derbyshire, Nottingham & Nottinghamshire.

Grant funding of between £1,500 and £10,000, up to a maximum of 30% of eligible project costs is available to businesses.

The fund will cover capital costs – for example machinery, equipment, IT hardware but cannot support vehicle purchases. The scheme cannot be used for revenue costs such as wages, rent, marketing or general running costs.

Businesses must be already trading and will be required to show how the project will enable employment growth.

Dom Stevens, Destination Chesterfield Manager said “It is great to see that their is grant support available for businesses that are looking to grow. We would encourage Chesterfield and North Derbyshire based businesses that are planning capital projects to take advantage of this fund.”

Further guidance on the funding is available at https://www.emb-group.co.uk/media/2054/cgf-guidance-notes-programme-overview-v3.pdf

To register your interest in applying for the D2N2 Capital Growth Fund, please e-mail ERDFteam@embltd.co.uk, with the subject: “D2N2 Capital Growth Fund”.

Read about business support in Chesterfield