Date posted: 17th Jun 2025
Business Growth Fund
Funded by the UK Shared Prosperity Fund, The Business Growth Fund offers grants for capital projects.
- Capital grants of between £25,000 and £300,000 are available at intervention rates of up to 30% of expenditure.
- Projects with expenditure of £66,666 upwards can potentially be supported.
- Eligible costs include plant, machinery, equipment, premises and fit out works.
- In return, the fund is looking for businesses to deliver outputs including job creation and safeguarding, productivity improvements and the adoption of new technologies.
- Projects must be complete by 31 March 2026
- Jobs must be in place by 30 September 2026
All the information you need on this fund is available at https://www.businessgrowth.fund/
Northumberland Rural Grant Investment Fund
Delivered by The Northumberland Small Business Service and part funded by the UK Shared Prosperity Fund, The Northumberland Rural Grant Investment Fund can support micro entities (sales of under £10m and less than 50 employees) grants for capital projects.
- Capital grants of between £10,000 and £300,000 are available at intervention rates of up to 40% of expenditure.
- Projects with expenditure of £25,000 upwards can potentially be supported.
- Eligible costs include plant, machinery, equipment, premises and fit out works.
- In return, the fund is looking for businesses to deliver outputs including job creation and safeguarding, productivity improvements and the adoption of new technologies.
Full details are available at https://northumberlandsmallbusiness.co.uk/support/grant-investment-fund/#
North of Tyne Business Support Fund
Funded through the North East Combined Authority and the UK Shared Prosperity Fund, the North of Tyne Business Support Fund offers grants towards the costs of procuring external expertise to unlock growth in SMEs (250 headcount or less).
- Grants of between £1,500 and £4,000 are available at intervention rates up to 50%.
- Project expenditure must be between £3,000 and £8,000 (excluding VAT) and must be on external consultancy. Day to day running costs, staff costs and training are not eligible for support.
- Eligible projects include marketing strategy, web design/development, social media content development, management systems consultancy, quality management, succession planning, business growth planning, financial forecasting and restructuring and change management.
Full details of this fund are available at https://growwithnbsl.org.uk/notbsf-overview/
Made Smarter
Manufacturing businesses with fewer than 250 staff can benefit from funded consultancy and grant support to assist with identifying and implementing digital technologies to drive efficiency in the manufacturing process.
- Grants of up to £20,000 towards technology implementation are available at intervention rates of up to 50%.
- Further grants of up to £3.5k towards access to expert technical advice are also available.
- The above is supported by expert consultancy, a bespoke digital roadmap and opportunities to attend workshops and networking events with other manufacturers.
Full details of the North East Made Smarter programme are available at https://www.madesmarter.uk/adoption/in-my-region/north-east/
Our team can support with the application process for the above grant funds. Contact us if you are considering an application.
