IMPORTANT NOTICE: The grant fund for Derbyshire and Nottinghamshire is closing shortly therefore only submit an Expression of Interest
if you are able to complete your project/purchases (once approved) by 18th March 2022 latest. Any claims after that date will not be paid.
Looking for help to start your business?
Then the NBV Grant for New Business could be for you!
The NBV Grant for New Business supports start-up businesses based in Nottinghamshire, Derbyshire, Leicestershire and Greater Lincolnshire.
If you can say YES to these:
- Ready to start trading
- You sell business to business or business to consumer (service only NOT retail)
- Your business is based in Derbyshire, Leicestershire, Lincolnshire or Nottinghamshire
- Your business is registered with Companies House or HMRC
We could say YES to you!
Once approved, grant funding can be used to purchase services or equipment to help you launch your new business.
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|
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.
What can the grant be used for?
Equipment to meet your clients’ needs:
- Computer hardware/software
- Monitoring/measuring apparatus
Consultancy services to help you plan for success:
- 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
- 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