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 the Invest Newark and Sherwood team can be contacted at info@investnewarkandsherwood.co.uk

D2N2 Growth Hub

Supporting economic growth across Derbyshire and Nottinghamshire, D2N2 is one of the largest Local Enterprise Partnerships in the country. The D2N2 Growth Hub offers free, impartial advice to help you discover the right initiatives and resources to support and grow your business.

To get in touch with an advisor, or to access the Growth Hub’s tailored Funding Tracker, visit the D2N2 growth hub's website or phone 0333 006 9178. The Invest Newark and Sherwood team 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 but the list is not exhaustive:

• Capital expenditure (land, buildings, equipment)
• Staff costs (relating to the implementation of the project)
• Research, technical knowledge, IPR
• Other projects overheads and implementation costs
• Training- to introduce the innovation developed to the workforce

If you are an SME, Sole Trader or Partnership and can demonstrate that you have tried to access funds from elsewhere and have been unable to do so and that your project will result in the creation of jobs that can be sustained for at least 3 years you can apply.

University of Derby - Access to funding

• Help with exporting through Department for International Trade
  
• www.gov.uk is a dedicated website offering a wide variety of business support, advice and guidance for your business along with a financial support search facility
• www.d2n2growthhub.co.uk and telephone 0333 006 9178. This service provides information regarding financial support and sources of business advice