Who can access the fund and what is it for?
The D2N2 Business Investment Fund is available to support small and medium sized enterprises (SMEs) with projects that will directly improve their productivity, efficiency and/ or job creation. The fund will support projects such as digital developments, specialist consultancy advice and some equipment purchases.
It’s important to note that only applications that can clearly demonstrate that investments will lead to a step-change in the activity of the business will be supported. This grant will not support ‘new for old’ replacements.
What value is available?
Grants of between £3,500 and £20,000 are available and will contribute up to a maximum of 35% of project costs. In some circumstances grants of more than £20,000 can be supported where exceptional outputs can be evidenced but this is at the discretion of the fund managers.
There are a number of alternative funding options available within D2N2 and the D2N2 Growth Hub will work with you to establish which solution best meets your business needs.
How do businesses apply?
Applicants will need to adhere to requirements for a financial assessment, provide quotes for purchases and must defray expenditure before claiming the grant. This grant is available through consultation with an adviser only.
The Business Investment Fund is funded by the European Regional Development Fund.
For further information please contact us on 0333 006 9178 where we can allocate a Business Adviser to discuss your project and provide application details.