Funding

If you are looking to grow your business you might need to finance the necessary investment. While there are many options available, the first step is understanding what they are, how they differ and which route is best for you and your business.

This guide from the British Business Bank is a good place to start and will help you assess which finance route might deliver the outcome you require.

The Black Country Growth Hub has a dedicated ‘Access to Finance’ team who can advise you in more depth and discuss how each of the various options might be relevant in your unique circumstances. Please get in touch with us today and take the first step in financing your growth plans.

black country growth hub funding

Black Country Transformational GOLD

Small and Medium-sized Enterprises in the Black Country that have been trading for more than two years may be eligible for a Black Country Transformational GOLD grant. It offers small grants as a contribution towards transformative capital or revenue projects that will significantly boost growth.

Learn more

black country growth hub funding

Midlands Engine Investment Fund

The Midlands Engine Investment Fund aims to transform the finance landscape for smaller businesses in the Midlands and to help realise the region’s potential to achieve economic growth through enterprise.

It provides commercially focussed finance through Small Business Loans, Debt Finance, Proof of Concept and Equity Finance funds.

Find out more

black country growth hub funding

Innovation Vouchers

This scheme targets SMART specialisation sectors and aims to develop new processes and systems to improve efficiency of SMEs and to bring new products and services to market.

Apply for financial support, an Innovation Voucher, worth £2,500 to access external expertise with a knowledge base organisations (research institutes) to support an innovation project.

Also access free support in the form of workshops so that participating companies become more competitive and manage growth effectively.

Get started

black country growth hub funding

Manufacturing Growth Programme

Supporting SME Manufacturers to grow by identifying, understanding and removing barriers to growth and enabling sustainable business improvement.

Providing free advice and support to manufacturing SMEs to help identify opportunities and create plans for growth and improvement.

We work with the best external experts to implement those plans and cover up to 35% of the cost of implementing the plans through an improvement grant.

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black country growth hub funding

AMSCI WMLCR

The Advanced Manufacturing Supply Chain Initiative West Midlands and Liverpool City Region (WMLCR) programme was launched to help grow the automotive and aerospace manufacturing sectors by addressing perceived market failures.

It seeks to deliver growth by improving the competitiveness of supply chains to global levels and expects this increasing productivity will attract new manufacturers to set up operations within the UK.

Discover more

black country growth hub funding

Start Up Loans

For those of you with dreams to start and run your own business, the government-backed Start Up Loan service might just be the break you’ve been looking for. Combine your ambition with our free business support and the right funding and you could write the most exciting chapter in your own business story – the first one.

Stop dreaming and check out the support available to fund your start up.

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black country growth hub funding

Land Remediation Fund

The £50m Land Remediation Fund enables the unlocking of sites, remediate the industrial legacy and bring forward investable propositons.

Formally created by the West Midland Combined Authority (WMCA) and managed by Finance Birmingham, the Land Remediation Fund (LRF) is deployed though a grant/gap funding with commercial investment potentially provided through the Collective Investment Fund (CIF).

The WMCA's geography extends through three local LEP areas being Greater Birmingham and Solihull, the Black Country, Coventry and Warwickshire plus Telford and Wrekin.

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black country growth hub funding

Innovation competitions

Innovate UK drives productivity and growth by supporting businesses to realise the potential of new technologies, develop ideas and make them a commercial success.

The innovation funding services offers numerous competitions and opportunities for businesses to gain the funding they need to launch, build and grow successful businesses.

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black country growth hub funding

BGF: Invested in Growth

BGF is the UK and Ireland’s most active investor in growing businesses, with an extraordinary team and £2.5bn to make long-term equity investments in early-stage, established and listed companies.

The companies they support receive more than money – they benefit from the combined expertise and networks of our 150+ people. BGF invest across all regions and all sectors – including technology, hospitality, healthcare, manufacturing, retail and more.

BGF funds lots of different types of growth strategies including acquisitions, research & development, sales & marketing, rollouts, exporting and fixed assets.

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black country growth hub funding

ICAEW Business Advice Service

The ICAEW Business Advice Service (BAS) provides professional advice for owner-run businesses, startups and SMEs.

As well as practical help online in the form of white papers, short PDFs and blog articles, they enable businesses to receive an initial consultation at no charge from an ICAEW Chartered Accountant.

Get started with a free local business advice session with an ICAEW Chartered Accountant.

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black country growth hub funding

Go Ultra Low - Grants & Incentives

Your business can take advantage of a number of grants and incentives to grow your electric vehicle fleet and save thousands of pounds.

Businesses buying plug-in cars that emit less than 75g/km, or zero emission vans can benefit from enhanced capital allowances with 100% of the value eligible for writing down in the first year of ownership.

Government’s Workplace Charging Scheme also provides eligible businesses, charities and public sector organisations with support towards the purchase and installation costs of electric vehicle chargepoints.

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black country growth hub funding

Childcare business grants - England

You could get a childcare business grant to help with the costs of setting up a childminder business or agency (CMA) in England.

The money can help you pay for public liability insurance, Disclosure and Barring Service (DBS) clearance, childcare training courses and more.

Get started

  • enquiries@bcgrowthhub.com

  • 01902 321 272

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