High Speed 2
The arrival of HS2 will revolutionise business in the Black Country. Find
out how you can get on board with
the change and take advantage of
the benefits that it will bring.
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.
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.
The Black Country LEP and partners are working to secure an additional £2m to extend the Growing Priority Sectors fund to 31st March 2019. Expressions of Interest are nevertheless being invited as long as applicants understand that the additional funding is not yet guaranteed. The aim of the fund is to strengthen the capacity of Black Country businesses to take advantage of new market opportunities by providing grants to businesses with growth projects that cannot find adequate finance elsewhere.
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.
If you are a small or medium sized business, you may be able to get a gigabit voucher worth from £500 to £3,000 to upgrade your business broadband to a fast and reliable connection over gigabit capable infrastructure.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
The Momentum Music Fund offers grants of £5k-£15k for artists/bands to break through to the next level of their careers. Activities eligible for support include recording, touring and marketing.
The Momentum Music Fund is run by PRS Foundation using public funds from Arts Council England, support from PPL, and is in association with Spotify.
Growth Deal grant funding is also available for site condition surveys and costed remediation strategies. The Site Investigation fund is intended primarily for:
A grant scheme offering up to 60% of approved project cost (Maximum value of grant £30,000) towards demonstrating 'Proof of Concept' and bringing a product or technology innovation closer to market. The grant is awarded against capital and/or revenue costs incurred in carrying out an approved project.
Catapult initiative specifically for SMEs. Our SME Team support fits into three key categories:
Over the past 10 years, we've worked with thousands of SMEs to help them address technology challenges, exploit new market opportunities and gain a competitive advantage. We deliver funded projects on behalf of Innovate UK and other funding bodies to support SMEs - Accelerate Innovation - Advance UK Manufacturing.
The Knowledge Transfer Partnership (KTP) scheme helps businesses in the UK to innovate and grow. It does this by linking them with an academic or research organisation and a graduate.
The academic or research organisation partner will help to recruit a suitable graduate, known as an Associate. They will act as the employer of the graduate, who then works at the company for the duration.
The scheme can last between 12 and 36 months, depending on what the project is and the needs of the business.
The Food Innovation Network (FIN) is a virtual community of organisations, big and small, all of whom are looking for opportunities, partners, processes and ideas to help them make their food innovation ideas a reality, fuel the growth of their business and form new partnerships.
FIN’s aim is to help improve the competitiveness of food and drink businesses right across the supply chain.
OLEV is a team working across government to support the early market for ultra-low emission vehicles (ULEV). We are providing over £900 million to position the UK at the global forefront of ULEV development, manufacture and use.
Guaranteed payments made by government over 20 years to businesses for each unit of heat generated through approved technologies (ground-source and air-source heat pumps, biomass boilers etc).
The Carbon Trust Green Business Fund is the energy efficiency support service for small and medium-sized companies in England, Wales and Scotland. It provides direct funded support through energy assessments, training workshops, equipment procurement support and up to £5,000 capital contribution per company towards your energy saving equipment purchase.
Low Carbon Workspaces offers eligible small to medium sized enterprises grants of between £1,000 and £5,000 to cover a third of the cost of installing energy saving projects, such as LED lighting, insulation or heating and cooling controls.
With grants of up to £25,000, the LCGSP is designed to help eligible Small and Medium Enterprises in the Black Country and Greater Birmingham & Solihull areas deliver projects that will increase their energy efficiency, reduce their carbon footprint and, importantly, reduce energy costs.
Lloyds Bank Foundation for England and Wales is currently accepting initial applications to its Invest Grants programme. Funding programmes offer short and long term grants. Support is adapted to the needs of small and medium sized charities that are committed to delivering work which breaks or prevents cycles of disadvantage.
With schools across the UK, the SSE offers highly practical social enterprise courses covering all aspects of social enterprise and social entrepreneurship.
Programmes cover topics such as starting a social enterprise, scaling, replication, and moving an existing charity towards a social enterprise model. Workshops are also available if you’re looking for something shorter.
Again, not a grant, but count as State aid and therefore receipt of capital allowances will affect how much State aid a business can receive. Tax relief available against qualifying expenditure on integral features, insulation, heating systems and others.
Grant towards the cost of each new electric (plug-in) car or van purchased, if it meets certain conditions. Grants are available for 35% off the cost of a car, up to a maximum of £4,500 or 20% off the cost of a van, up to a maximum of £8,000.
The Department for International Trade help available for UK companies looking to or already exporting. The Tradeshow Access Programme provides funding in the form of grants for eligible businesses to attend overseas trade shows.
Heritage Lottery Fund supports all kinds of projects, as long as they make a lasting difference for heritage, people and communities. Their funding is used to record the diverse stories of your community, breathe new life into a historic park, create vibrant town centres, and much more.
A range of different grant programmes with grants from £3,000 to over £5million.
The aim of the scheme is to fulfill the skills and careers objectives of the UK Space Agency education programme, as set out in its Education, Skills and Outreach Strategy.
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