The Derby Enterprise Growth Fund are pleased to re-open the EOI process for applications to the above fund. The fund has been extremely successful with significant numbers of enquiries seen for DBSGS. Given demand seen and expected, the EOI process will be closed again on 15th February 2019 so that we can then process applications received. We will look to re-open again in early April.
Please note that there is a finite amount of funding for this scheme, headroom will be regularly reviewed and updates given.
Applications are subject to a competitive process and there is no guarantee of funding being granted. The volume of requests received are as such that rewards have to be carefully prioritised at Investment Panel as well as the number of cases taken to each meeting have to be limited. Applications will therefore be assessed on a competitive basis in this regard and it may mean that your request is not successful or meet with your desired timescales for the project.
Capital or revenue funding of £2,000-£50,000 for Derby & Derbyshire SME businesses with the aim of supporting your business to expand, relocate, improve productivity by investing in supply chain or introduce new technologies, R&D etc. Grant can cover consultancy, training, working capital, rental or staff costs* with a long term aim to increasing investment, growth and jobs in the area.
The scheme funds 50% of costs and grants are available to Sole Traders, Partnerships and Limited companies (micro and SME businesses and start-ups) who pay or will pay business rates as part of the grant funded project. The scheme is open to retailers or companies that both produce and sell directly to the public.
Please be aware that applications are subject to a competitive process and there is no guarantee of funding being granted. The volume of requests received mean that awards are likely to be prioritised.·
Output measures to include :-
1. Turnover Growth or Profitability – ‘supporting firms to become more productive and competitive’ with agreed milestones.
2. Overall value of project
3. Support diversification into new markets
4. Create jobs
See www.derby.gov.uk/business/business-support-advice for more information