Funding and Finance
In a recent survey, nearly half of businesses told us that access to finance and funding was a barrier to growth. With this in mind, a key priority for the LEP is to work with businesses to ensure that they are able to access the finance they need, when they need it. We aim to do this in two ways:
Firstly we co-ordinate and promote the funding and finance opportunities that already exist, as well as providing businesses with the help and support they need to make a successful application.
Secondly, we are working with banks, Government, local authorities and other organisations to identify gaps and create new funding streams that will meet a very real business need.
The specific support schemes listed on this website are not exhaustive. To talk to one of our advisors for free, call the Business Helpline on 0300 111 8002 or email us at email@example.com.
The Stoke-on-Trent & Staffordshire Growth Hub now offers capital grants from £1,500 – £10,000* to small-medium sized businesses (SMEs) to support their growth. Please contact the Business Helpline to find out more.
*full eligibility criteria applies, up to 53% of the total project cost can be claimed.
Click here for details of the Small Business Grant Scheme sbgs-leaflet
Finding the right finances
Staffordshire County Council can also help you find out about small business loans and grants to help start up or grow your business through a number of funding schemes it is running to help support businesses in Staffordshire to grow, including the:
- Staffordshire Business Loan Fund
- Staffordshire LEADER Programme
- Low Carbon Business Evolution Programme
As accountable body for the Stoke-on-Trent and Staffordshire Local Enterprise Partnership (LEP), the county council also runs the:
As delivery partner of the Business Growth Programme across the LEP area, it is also working on behalf of the LEP to deliver the following programmes to help support businesses in Staffordshire and Stoke-on-Trent:
- HS2 Supply Chain Programme
- Green Bridge Supply Chain Programme
- Business Innovation Programme
- Business Development Programme
Stoke-on-Trent and Staffordshire Grants for Growth
Stoke on Trent and Staffordshire Grants for Growth, part funded by the European Regional Development Fund (ERDF), is delivered by Stoke-on-Trent City Council and provides gap funding to companies across Staffordshire to cover capital and revenue investment that will allow your company to grow in the market place and create new employment.
Grant funds can be used for premises expansion or the purchase of plant, machinery and equipment, product and process development, advice and consultancy including initial market development, technical feasibility studies and industrial property rights costs.
Capital and revenue grants are available between £10,000 to £250,000 on a variable intervention rate of 10% up to 30% which must be matched by your own private sector or other equity funds. Your project costs must be for a minimum of £40,000 to qualify for a grant payment of £10,000.
For assistance in applying for the grant click here to download.
For completing an Expression of Interest, click here to download.
For more information contact Tel: 01782 231586 or 233671 Email: G4G@stoke.gov.uk
Find out more:
For general grant and funding advice, contact the Stoke-on-Trent and Staffordshire Helpline on 0300 111 8002 or email firstname.lastname@example.org
This short guide should help you understand the types of funding and finance that are available to businesses, for more information contact our business helpline through 0300 111 8002 or email@example.com.
The presentation was delivered by Paul Heaven of Blue Sky Corporate Finance Ltd at one of our LEP events. Blue Sky are one of the LEP’s partners for delivering business support. The presentation provides a good introduction to the types of finance available to businesses of various scales.