If you are looking to start up a business then there may be funding available to support you in those vital first months and years.
Eligibility for funding varies depending on the nature of the business you are starting, and what you require funding for.
If you are interested in funding, please complete our business funding enquiry form.
The main schemes available for new start ups in East Staffordshire currently are:
Staffordshire Leader - Communities Mean Business
The Staffordshire LEADER Programme Round 4 Call is now open for business. The Round 4 Call for Bids closes on 20th August 2017 at midnight.
Aim of the fund: The LEADER programme compliments a number of UK government and EU funding programmes to specifically address the challenges rural businesses face in becoming established and enabling them to grow.
Capital or revenue: Both
More information: The Staffordshire Leader programme is a wide programme of support, with 6 priorities:
Priority 1- Support to increase farm productivity
Priority 2 - Support for micro and small businesses (non-agricultural) and farm diversification
Priority 3 - Support for rural tourism
Priority 4 - Provision of rural services
Priority 5 - Support for cultural and heritage activity
Priority 6 - Support for increasing forestry productivity
There are two stages for applications: an expression of interest and if successful, this is followed by a full application. The first stage is to discuss your project with the LEADER team to assess if it is eligible. Email email@example.com or telephone them on 01785 277902. More information on the 6 priorities and eligible projects can be found on the LEADER website: http://staffsleader.org.uk/
Aim of Fund: Committed to supporting young people (ages 18-30ys) into business, together we offer low-interest finance at a rate of around 6% APR to help get started.
Capital or revenue: Both
More Information: Further information can be found by visiting.https://www.princes-trust.org.uk/help-for-young-people/support-starting-business
GBSLEP - Growth Hub - Funding and Finance Portal
The Growth Hub comprises of a web based portal which aims to engage with all types of businesses with the ambition, appetite and potential to innovate and grow. The Growth Hub - Funding and Finance Portal offers a quick way to understand what finance is available to help grow your business? The Funding and Finance portal has been is designed to simplify the process for small and medium enterprises (SMEs) to raise finance by providing local businesses with the information that they need to assist them with access to finance, by clearly segmenting potential funders into areas of specialism and expertise.
Search for funding by visiting https://www.gbslepgrowthhub.co.uk/funding-finance
Better Business Finance (BFF)
Better Business Finance provides impartial information and support to businesses and entrepreneurs looking to develop and grow; whether the business is seeking finance, or starting out or exporting abroad, BBF is here to help. It was set up by Barclays, HSBC, RBS, Lloyds and Santander.in 2011 and is managed by the British Bankers’ Association (BBA) in collaboration with its business and finance partners. BBF was created to bring to life the recommendations of the Business Finance Taskforce, which was set up by the major banks to work together to help support the UK’s small and medium-sized businesses who are vital to our economy.
Search for funding by visiting http://www.betterbusinessfinance.co.uk/