Funding and Grants
There are a number of funds and grants that are available for businesses in Chesterfield. This page will keep you up to date with the latest grant and incentive schemes.
Access to Finance
Access to Finance is a key priority for the Sheffield City Region Local Enterprise Partnership (SCR LEP), and it is cited in many surveys as a key barrier to growth of businesses. In response to this it has created the Access to Finance Centre of Expertise to help businesses with growth plans secure the right mix of growth funds including, where appropriate, grant funding. The Centre is staffed by a mix of finance professionals with varying relevant experience.
Companies looking to secure external finance are encouraged to contact the Access to Finance Centre via the SCR Growth Hub by calling 0800 043 5522 or submitting an access to an Access to Finance Expression of Interest to email@example.com. Advisors will be able to:
- discuss your investment plans and requirements;
- give an impartial perspective on your business plan and forecasts;
- put you in touch with suitable commercial lenders;
- help you understand and negotiate the available publically-backed financial products and services;
- help you pull together a blend of finance, and help your project to move forward.
The Growth Hub is also open to enquiries from companies (however big or small) and to advisors or intermediaries acting on behalf of a client.
Markham Vale Enterprize Zone – Enhanced Capital Allowances
Firms making a significant investment in plant and machinery can qualify for 100% Enhanced Capital Allowances on selected Enterprise Zone sites.
Voluntary and Community Group Funding
For information on grants available for Voluntary and Community Groups, visit the website: http://www.linkscvs.org.uk. The Chesterfield and North East Derbyshire Council for Voluntary Service and Action Ltd.
GRANTnet is the UK’s leading free-to-us funding database, it is a user-friendly to use service which has been devised to assist community and voluntary groups, sports and other clubs, schools, social enterprises and small businesses in identifying funding opportunities for specific projects.
Visit the website at:http://www.derbyshire.gov.uk/community/lottery_funding/grant_net/default.asp
Business Finance Support Finder
The Business Finance Support Finder is an HM Government tool to help you access information about funding options in your area. You may also find the D2N2 website useful in identifying further potential routes to finance for your enterprisewww.d2n2growthhub.co.uk/access-to-finance
British Business Bank
The British Business Bank is the UK’s national economic development bank. Established in November 2014, its mission is to make finance markets for smaller businesses work more effectively, enabling those businesses to prosper, grow and build UK economic activity. The Bank’s remit is to design, deliver and efficiently manage UK-wide smaller business access to finance programmes for the UK government.
The British Business Bank programmes are already supporting almost 3.4bn of finance to more than 59,000 smaller businesses, through over 100 finance partners. They are participating in a further £5.8bn of finance.
The Midlands Engine Investment fund was recently launched by the Bank and will invest in Debt Finance, Small Business Loans, Proof-of-Concept and Equity Finance funds, ranging from £25,000 to £2m, specifically to help small and medium sized businesses in the East & South-East Midlands to secure the funding they need for growth and development.