Here's our latest roundup of the grants and funds for businesses that are still available.
The North East Innovation Fund
The North East Innovation Fund is being launched on August 30th, and is offering £10,000 worth of investment and support to North East businesses. Eligible businesses will be asked to submit their ideas to a panel of experts, who will then pick around 8 businesses for their pilot scheme. The window to apply is very small, with the deadline for expressions of interest being September 12th. If you're a limited registered SME and based in the County Durham, Northumberland or Tyne and Wear, this fund could be for you.
RTC North
RTC North are currently running two grant programmes, Designing Better Business and Pathway to Innovation. Through the Designing Better Business programme, RTC North are offering eligible businesses in Durham up to 40% of costs of a design, product or service innovation. Through the Pathway to Innovation programme, they're offering eligible businesses in up to 35% of funding for projects that will support the introduction of new healthcare products, processes and services. You can apply to both programmes online.
Magic Little Grants
Magic Little Grants are providing over 400 grants of £500. If you run a small charity or community group, your annual income is less than £50,000, and you are running or planning to run a project which encourages individuals to take part in a physical activity, you could be eligible. It takes 10 minutes to complete an application, and you can apply until 31st October 2018.
The North East Fund
This new fund is supported by the European Regional Development Fund, and will be investing £120m in 600 businesses in and around the North East. There are 5 separate funds within the North East Fund, and the majority of SMEs should be eligible for at least one of them.
Newcastle Building Society Community Fund
According to the website, 'The Newcastle Community Fund makes grants available to charities and groups local to our branches'. They aim to 'give grants which can make a real difference to the areas in which we're based.' They can offer support to a wide range of areas, but the twist is that your charity has to be nominated by a Newcastle Building Society customer. The grants are often around £2000, and you can nominate a charity here.
R&D Horizon 2020
If your business is an SME with a 'long-term development plan for your technology' then you could be eligible for funding from the EU with R&D Horizon 2020. Funding is focused on businesses aimed at improving the EU's position in science, particularly in regard to sustainable transport and climate change. Contact MSC R&D for more details on how they could help your business get funding.
Gateshead Goes Local
This fund is a local development strategy, intended to bring funding and support to people in the community who are struggling to get their business ideas off the ground. In January the fund received £2.2m to help develop businesses and startups in Gateshead. The projects funded will need to meet the criteria, but eligible businesses could receive a grant of up to £200,000.
Industrial Energy Efficiency Accelerator
This fund is from the Carbon Trust and Department for Business, Energy and Industrial Strategy. It's intended to help strengthen the global competititveness of British industry. Its open to all UK sectors, and if your business is coming up with innovations that have an impact on energy and carbon reduction you could be eligible to recieve betwen 40-60% project cost, usually between £150,000 and £750,000 per project.
Digital Drive County Durham
Digital Drive is ideal for businesses in County Durham who are embarking upon digital technology projects, who could be eligible for funding to cover up to 40% of their costs. This will include digital consultancy projects, equipment, broadband infrastructure and installation.
The Community Foundation
This organisation funds legally charitable work, and provides grants to groups trying to, 'keep their services or activities going, expand them or work in new areas' as well as projects which aim to, 'improve services, develop your staff and trustees or work on your longer-term plans'. The average grant is £6000, and if you're based in Tyne and Wear or Northumberland you can apply at any time.
Tees Valley Business Compass Growth Service
This growth service provides grants to support your client's business growth. They help create jobs, including consultancy, specialist advice, and support towards participating in overseas trade fairs. The average grant is £11k, to fund 33% of your client's projects.
The Environment Now is a program for 17-24 year olds who have thought of a way to use digital technolgy to solve an environmental issue. Successful applicants could receive £10,000 as well as mentoring and work experience. You'll need to provide a detailed description of your project, as well as how much funding you'll need to get your idea off the ground.
The Carbon Trust Green Business Fund
The Carbon Trust Green Business Fund provides funding support to businesses through 'energy assessments, training, equipment procument support and up to £10,000 capital contribution per company towards your energy saving equipment purchase.' Register your interest online, and download the application form to get started.
The Hadrian Trust provide grants to charities and groups working with people or the environment in the North East. Grants provided are usually between £500 and £2000, and can be used for running costs, project costs, part salaries and basic equipment. The next deadline is October 2018, and you can apply online or by post.
Virgin Money Foundation North East Fund
The Virgin Money Foundation's North East Fund is designed for community organisations, that are promoting long term change in disadvantaged areas in the North East. Successful applicants can receive between £10,000 and £50,000 towards the running costs of their organisation. Just fill in a short application form to get started.
Foundation for Women in Enterprise
The Foundation for Women in Enterprise provides small grants to women-led organisations, in order to support access to professional services, training and equipment. If you are successful, the foundation typically awards grants of around £250. You can apply online.
The North East Core Funding Programme comes from the Greggs Foundation, and 'makes grants to organisations in the Counties of Northumberland, Tyne and Wear, Durham and Teesside to support core running costs'. If you're a charity that supports disadvantaged people, you could get £15,000 per year for up to three years.
This program has recently been relaunched, and supports rural businesses, farming and forestry, culture and heritage, rural tourism and rural services. They are requesting funding applications for projects which focus on 'job creation and business growth'. You could receive 40% of the project's total eligible costs.
The University of Sunderland’s Graduate Internship Scheme
If your business is within the North East Local Enterprise Partnership area, you can receive up to £6000 when you hire a graduate. You must be a business to business SME, and work in the private sector. Email the University for more information.
Innovation Program - Read our original post here
This fund is available for businesses who have an innovative idea that will encourage business growth. SMEs must be based in the North East and be investment ready. Successful applicants will have up to 40% of their project funded, and gain access to industry experts, suppliers and independent advice.
This programme offers loans to businesses, which can be used to ''grow your business, take on new staff or manage cashflow''. Funding Circle offer loans from £5,000 - £1 million, and offer free early repayment. Just fill in the online form to see if you're eligible.
Northstar Ventures funds - Read our original post
If you are looking for investment, Northstar Ventures could be for you. They are currently running the North East Social Investment Fund, which is designed for charities and social enterprises that help improve the region. Read the guidelines for submitting a proposal here.
Shell LiveWIRE Smarter Future Awards - Read our original post
Shell run a competition every month, where businesses could win £5000 towards a project which helps the UK become more sustainable. Sign up to their website to apply.
Knowledge Transfer Fund - Read our original post
This fund is still running and offers support when you hire a graduate. They have different deadlines for each sector, so check their website for details.
AGE 16-24 - Read our original post
If you're thinking about hiring an apprentice this fund is still available. There is a dedicated site for apprentices in Tees Valley.
North East Business Support Fund - Read our original post
This fund offers up to £2800 towards your next business venture. You can apply online, and the process should only take 15 minutes. There are still dedicated offers for businesses in County Durham.
R&D Tax Credits - Read our original post
You can still claim tax relief if a project you're running aims to advance science or technology. The tax relief on allowable R&D costs is currently at 230%.
If you know about a fund, grant or investment opportunity we should be talking about, tweet us @TranscenditUK
