Grant for Enterprise - help to grow your business

Looking for help to grow your business?

Then the Grant for Enterprise could be for you!

Grant for Enterprise supports the growth or development of existing micro, small and medium-sized businesses based in Nottinghamshire, Derbyshire, and Greater Lincolnshire.

If you can say YES to these:

  • Currently trading
  • You sell business to business NOT Business to Customer/Retail
  • Your business is based in Derbyshire, Lincolnshire or Nottinghamshire
  • You’re a Small to Medium Enterprise (SME)

We could say YES to you!

Once approved, grant funding can be used to purchase services or equipment to help your business expand or diversify.

HOW MUCH FUNDING IS AVAILABLE?

Grants of between £1000 and £2500 are available. This is for a maximum of 25% of eligible costs. Thus, in order to access the business grant, the minimum project spend is £4000.

Project Spend Grant Claimable  
£1,000 Not eligible
£3,000 Not eligible
£4,000 £1,000 Grant Minimum
£5,000 £1,250
£7,500 £1,875
£10,000 £2,500
£10,001+ £2,500 Grant Maximum

MATCH FUNDING

You will be required to pay the supplier for the full cost of the project before claiming the grant element. It is, therefore, vital that funds are in place to cover these costs prior to submitting the application.

No retrospective applications will be considered.

HOW DO I APPLY?

Start by completing an expression of interest and submit this to NBV (see right for the link to the form). Basic eligibility checks will be carried out and, if successful at this stage, you will be asked to complete a full application.

Full applications consist of an Application Form with supporting evidence in the form of 3 quotes for items required. NBV staff will help you to complete the application and are on hand to answer questions throughout the application process.

Once submitted, the application will be considered by the Grant Panel who will meet to discuss all applications and decide which businesses to support according to available funds.

N.B. The Business Grant is financed by the European Regional Development Fund (ERDF) and is subject to European Funding regulations.

 

Download Grant for Enterprise Flyer here: 

Grant for Enterprise - ESIF logo

What can the grant be used for?

EQUIPMENT 

Grant for Enterprise - machine and computer

Equipment to help your business expand or diversify:

  •  Computer hardware/software
  •  Tools/machinery
  •  Monitoring/measuring apparatus

CONSULTANCY SERVICES

Grant for Enterprise marketing

Consultancy services to support your business to grow or branch out:

  •  Marketing plan
  •  IT projects
  •  Sales strategy

The following areas are known to be NOT eligible items:

  •  Vehicles and other mobile infrastructures
  •  Essential running costs i.e: insurance, statutory obligations, utility bills, salary costs, overheads, recruitment fees, tax
  •  Stock
  •  Accredited training
  •  Cost for items that go beyond the period of the grant

Further sector restrictions also apply
This list is not exhaustive and further eligibility criteria do apply

Expression of Interest Grant Form

“I have found my experience with NBV absolutely brilliant from start to finish – from enquiry to payment and everything in between. The process is very clear and concise and the team in Nottingham are readily available to help and advise on any aspect of the application. I was given plenty of time to research and submit my application which was processed efficiently with no delay.” – Abigail Warner Ltd, Derby

“[NBV] have made this process very clear and easy to follow, providing timely responses to any queries. We are very happy with the help and service we have received.” – Louise Sturman, Polestar Interactive, Nottingham