Business Growth Grant
The Business Growth Grant is one of three business grants to be made available under the Derbyshire Dales Rural Innovation Grant Scheme. The scheme is funded by the UK Shared Prosperity Fund (UKSPF), the government’s domestic replacement for European Structural and Investment funds. The Rural Innovation Grant Scheme aims to assist business diversification, growth, adaptation and long term resilience.
Who are Business Growth Grants for?
- Eligible micro, small and medium sized manufacturing businesses (especially advanced manufacturing and food and drink manufacturing) and engineering businesses (especially green and environmental engineering) requiring support to grow
- Businesses need to have a trading address in the Derbyshire Dales and operate from business premises
- Businesses need to directly employ staff
What size projects may be eligible for a grant?
Total project costs must be between £40,001 and £100,000. Larger projects may be considered in exceptional cases where grant funding is necessary for the project to proceed. However, the maximum grant will remain at £40,000.
How much are the grants?
An intervention rate of up to 40% applies to these grants i.e. maximum grants of £16,000 to £40,000.
The remainder of the funding must be evidenced by the applicant business.
When can I apply?
The deadline for the first round of applications is 31 January 2023.
Applications from businesses able to complete their project and claim their grant by 15 March 2023 will be prioritised for assessment.
Full details of eligibility criteria, exclusions and application process are available in the Business Growth Grant Guidance