Financial support
There is a wide range of support available to businesses in Newark and Sherwood, from finance to advice from industry experts to point you in the right direction.
Below are some examples of the support on offer. For further options and the most up-to-date details on these support programmes, contact us at info@investnewarkandsherwood.co.uk.
Grant Finder
Grant Finder is Europe's most advanced grants and policy database. Its search engine operates across the public, private and voluntary sectors, identifying funding opportunities and business support schemes appropriate for your business.
Find out about finding funding opportunities - Grant Finder.
We currently have a subscription to this programme and offer free funding searches for businesses and other organisations. If you would like a member of our team to perform a Grant Finder search on your behalf, please contact the team at info@investnewarkandsherwood.co.uk.
Other sources of funding and business support available, at local and national level, include:
- help with exporting - Department for International Trade website
- business advice, guidance and financial support - Gov.uk website
- financial support and sources of business advice - EMCCA Growth Hub
East Midlands Combined County Authority Growth Hub
Businesses in Derby, Derbyshire, Nottingham and Nottinghamshire have a single point of access to business support with the East Midlands Combined County Authority Growth Hub. Its team of business advisers, and its telephone enquiry service, have the knowledge, skills and expertise to signpost you to the right initiatives and resources to support your business growth.
Website: EMCCA Growth Hub
Telephone: 0333 006 9178
We can also perform referrals to this service.
Invest to Grow Fund
The Invest to Grow Fund is operated through the University of Derby. The fund focuses on growth, innovation and the creation of sustainable jobs. The types of projects which would attract funding are:
- innovation in products, process and systems
- development or improvement of products and services
- costs of expansion, including site and building infrastructure and capital equipment
There are many ways businesses can use the funding. Here are a few examples:
- capital expenditure for land, buildings and equipment
- staff costs relating to the implementation of the project
- research, technical knowledge and intellectual property rights (IPR)
- training to introduce the innovation developed to the workforce
- other project overheads and implementation costs
This list does not include all uses of the funding.
You can apply if:
- you are an SME (small to medium-sized enterprise), sole trader or partnership
- can demonstrate that you have tried to access funds from elsewhere and have been unable to
- your project will result in the creation of jobs that can be sustained for at least three years
Learn more about the Invest to Grow fund - University of Derby website.
The British Business Bank - Growth Guarantee Scheme
British Business Bank’s Growth Guarantee Scheme is designed to support access to finance for UK businesses as they look to invest and grow.
This finance can be used for any legitimate business purpose. However, businesses must be able to afford to take out additional debt finance for these purposes.
Find out more about the Growth Guarantee Scheme - British Business Bank website.