ASCEND

Derby City Council logo

Derby City Council

Visit the Website

ASCEND is designed to assist in the most promising Derby City businesses to prepare and implement growth plans, and where appropriate, support them in securing investment.

Ascend has three programmes for businesses to apply for:

  • Ascend Growth Readiness - access to high quality multi-disciplinary business support, mentoring, coaching and technical expertise to support in the development of a detailed two-year growth plan.  Eligible businesses will be early stage, seeking to validate its product, target and organisational development with an ambition to grow by at least 20% per annum, increase staff and revenue significantly over the next 24 months.

  • Ascend Investment Readiness - as per growth readiness, but with a focus on developing an investment case, in the form of an Investment Memorandum, which can then be used to begin meaningful discussions with potential equity investors.  Eligible applicants will be operational businesses that have validated their product, market and organisational effectiveness, and that is growing, has sustainable unit economics and seeking to grow faster.  The business must have an ambition to raise external equity finance in the next 6-12 months, operational for at least 12 months and less than 12 months away from being investment ready.

  • Ascend Scale-up Growth Project - a loan scheme designed to assist in supporting the physical business growth in the form of capital investment in Derby with the ultimate aim to create sustainable new jobs. This fund enables businesses to invest in projects that would not otherwise happen.  Loans will be up to 50% of  between £20k and £240k total capital project costs such as plant/machinery, land and building purchases or capitalised software.

If you would like more information on the scheme above, please click on Visit the Website (above) to contact the provider directly. 

 

If you would like to know more about the support available from D2N2 Growth Hub please complete the form below.

 

Fill in this form to ask the D2N2 Growth Hub for help


Terms and conditions

By clicking submit you are agreeing to our terms and conditions and to receive future updates.

We collect personal data for the purposes of responding to your request made via the web site. To help provide the service to you we may need to pass your details to delivery partners. We may wish to contact you to monitor the quality of our service.

Case Studies

STENCIL Creative  

STENCIL Creative

Learning, sharing and maximizing upon opportunities

Read more

News

DFT Funding For Low Carbon Transport Innovation  

DFT Funding For Low Carbon Transport Innovation

Transport Research and Innovation Grants 2021

Read more
The BAME Apprenticeship Awards  

The BAME Apprenticeship Awards

Learning Curve Group Celebrates a Night of Success at The BAME Apprenticeship Awards For Their Dedication To Inclusion, Equality and...

Read more

More from Derby City Council

Derby Enterprise Growth Fund

Derby Enterprise Growth Fund
Read More

Book an Appointment with an Adviser

Your business is unique but the challenges you’ll face in business aren’t, we can help get you through them.

Our free and impartial support is delivered by experienced and expert business advisers, giving you the right advice at the right time for your business. 

Contact us today to access a wealth of support, events, business growth programmes and expert advice.

John O'Donnell
Business Finance Manager
Image of John O'Donnell