Latest News

17 Oct

Latest employment figures confirm robust regional economy

Employment in the East Midlands continues to evidence a robust regional economy according to figures released this morning.

17 Oct

Shell Springboard: Calling all low-carbon SME's

The application window for Shell Springboard is now open and will close at 10am on Monday, 29th October.

15 Oct

Search has started for the year's most enterprising women

The annual quest to find the region’s most successful and inspirational businesswomen has begun.

Funding for New Businesses

There are a number of possible sources of finance for your business including:

  • Personal savings
  • Family and friends
  • Bank and other loans
  • Grants
  • Equity funding
  • Crowd funding

If you are unemployed and in receipt of Job Seekers Allowance or certain other benefits, you should ask your Job Centre about New Enterprise Allowance as this can offer both financial and business advice for getting started.

Start Up Loans

A Start-Up Loan is a government funded scheme to provide advice, business loans and mentoring to startup businesses, backed by the British Business Bank.

A number of local delivery partners are available in the East Midlands region.

NBV Grant for New Business

The NBV Grant for New Business supports start-up businesses based in Nottinghamshire and Derbyshire that are registered with Companies House or HMRC and ready to start selling to other businesses.
Grants of between £1000 and £2500 are available, up to a maximum of 25% of eligible costs, and can be used to purchase services or equipment to help you launch your new business.

The Big House CDI grant

The Big House CDI Grant supports businesses in the creative and digital industries sector in Derbyshire and Nottinghamshire to start and grow. Eligible businesses will be trading or ready to start trading in Derbyshire or Nottinghamshire, registered with Companies House or HMRC and sell business to business NOT business to customer/retail. Grants of between £1000 and £2500 are available, to a maximum of 25% of eligible costs, minimum project spend £4000.


Social Enterprise Exchange

Accelerate your social enterprise start-up with a programme of start-up workshops, bespoke support, networking and social enterprise start-up grants provided to start-ups in the Sheffield City Region through the Social Enterprise Exchange.

 

A number of local authorities offer funding to help start a business in specific areas.  For more details look at Local Access to Finance.

Find out more about sources of finance.