Grants and Finance update

July 25, 2017 8:53 am

Invest Ashfield & Mansfield - The area for growth

Here at Invest Ashfield & Mansfield, we like to keep you completely up-to-date with the ever-changing local grants landscape.  We do this both by updating our grants page and by posting regular updates on more time-bound opportunities.  In summary, the best way to keep up-to-date is by subscribing to our regular newsletters In addition, there are some other useful websites that you may want to cast your eye over…

D2N2 Growth Hub

There is also a specific funding news page available on the D2N2 Growth Hub’s website.  This provides timely updates outlining current opportunities available across Nottinghamshire and Derbyshire.  In addition, they also run regular Access to Finance workshops.  Find out more about their local events.  Not only that, but why not also keep “in the know” by subscribing to their regular newsletters?

In addition, they are hosting an event at Rushcliffe Arena on Tuesday 19 September.  Usefully entitled “How to identify and win grant funding”, this could make a real difference to your business.  Find out more.

Digital Growth Programme Grant Scheme

Organisations across Derbyshire and Nottinghamshire can now apply for grants of up to £16,000 to improve their digital capabilities.  Established through the D2N2 Digital Growth Programme, the grant will help enterprises with growth aspirations.  The grant is to maximise companies’ use of existing technology or explore and introduce new and emerging ICT products.  This is all in order to improve competitiveness and productivity.

Grants of between £2,000 and £16,000 are available.  The grants are for 40% of the total cost up to the £16,000 maximum, match-funded by the applicant business.  This grant scheme is being delivered by a partnership including Nottinghamshire and Derbyshire County Councils, Nottingham City Council and East Midlands Chamber.  Moreover, it is part-funded by the European Regional Development Fund (ERDF).  For more information, please visit the D2N2 webpage or email Patricia Burke, Programme Coordinator.

Emerge: Creative Industries

EMERGE Creative Enterprise will lead the next generation of creative entrepreneurs, aged 16-25, to kick-start their creative careers.  The initiative is an RBS Skills and Opportunities Funded programme open to young people aged 16-25 in 2017-18.  The programme offers free advice, training and information to individual freelancers, sole traders and micro businesses looking to turn a creative talent into a business in the creative industries.  Deadline for applications: 14 August 2017, 5pm.  Find out more.


HSBC has recently launched a £500 million lending fund to support small and medium-sized enterprises (SMEs) in the East Midlands.  This forms part of their broader commitment to helping British businesses realise their ambitions for growth.

The fund is the largest package of support from HSBC for SMEs in the East Midlands.  Moreover, it is a significant increase on the £400 million fund allocated in 2016.  Furthermore, the combined SME fund coincides with the formation of HSBC’s East Midlands Business Banking Team.

In short, the fund aims to encourage small businesses to feel confident about exploring opportunities for exporting. A 2016 FSB Report noted that one-in-five (21%) small businesses currently export, but there is the potential to double this figure with the right support.

Innovation Funding

If you’re a UK-based business or research organisation, you may be able to compete for government-backed funding to:

  • research and develop a process, product or service
  • test your innovation ideas
  • collaborate with other organisations

You can search and apply for innovation funding online as well as submitting, tracking and managing your applications.  Find out more.

The Big House – Elevator

The Elevator programme supports the growth of creative and digital SMEs in Nottinghamshire and Derbyshire.  The project is part-funded by the European Regional Development Fund (ERDF) and will run until 2019.  Grants are available to subsidise the cost of freelance talent or expertise to help with a new project.

The grant will contribute 30% of total project cost, with the minimum grant being £1,050 and the maximum £2,250.  To be eligible your business must fulfil the following requirements:

  • Classified as an SME (fewer than 250 employees)
  • Business in the creative or digital sector
  • Registered with HMRC or Companies House
  • Company is trading or ready to trade

To find out more, contact Kate Ling on 0115 848 4297 or visit the website.

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