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SEMLEP

FINANCE

Our Business Advisers will give you advice and can signpost you to funding and finance appropriate to your business needs.

FINANCE

If your business is growing, and you want to look now at finance options, the best place to start is our A to Z of Finance Workshops.

Our fully-funded workshops, part-funded by European Regional Development Fund, are delivered in conjunction with British Business Bank and will help you to understand:

  • The types of finance that are available
  • Which finance options may best suit your business needs
  • How to obtain them

It aims to give you the confidence to press ahead with your growth plans.

Book onto the next Finance workshop here

Investment Ready: Inside track

As a successful business owner, you know that getting access to finance and specialist advice at the right time is crucial to you making decisions about expanding, diversifying for exporting.

Following on from the A to Z of Finance workshops, Velocity Growth Hub offers a day-long bootcamp to give you the inside-track on becoming investment-ready. 

The Investment Ready workshop will provide in-depth guidance from professional advisers, featuring valuable insights from investors and entrepreneurs who do deals themselves.

For more information about Investment Ready: Inside Track, contact Velocity Growth Hub today on 0300 01234 35.

Midlands Engine Investment Fund

SEMLEP is part of the Midlands Engine Investment Fund: a £250million fund available to SMEs based in the South East Midlands area.

The fund, established by British Business Bank, aims to support fast-growth businesses looking to expand into new markets and boost productivity, supporting job creation. 

The MEIF is the result of collaboration between the British Business Bank, the Department for Business, Energy and Industrial Strategy (BEIS), the Department for Communities and Local Government (DCLG) and 10 Local Enterprise Partnerships, including SEMLEP. It brings together new and existing funding from Central Government, the European Regional Development Fund (ERDF), British Business Bank and European Investment Bank (EIB).

Current finance options available include:

•small business loans valued between £25,000 and £150,000

•debt finance worth between £100,000 and £1.5million individual placements

For more information about the Fund, visit www.meif.co.uk

or contact a Velocity Growth Hub business adviser to talk about your finance options on 0300 01234 35.

GRANTS

The Velocity Growth Hub runs a project, part-funded by the European Regional Development Fund (ERDF). The project is designed to support small and medium sized enterprises (SMEs) based in the SEMLEP area. As well as access to  1-to-1 support and a range of skills workshops businesses participating in the ERDF project can apply for grant funding to expand, invest and recruit.

The grant funding is exclusively for SMEs based in the South East Midlands Local Enterprise Partnership (SEMLEP) area: Aylesbury Vale, Bedfordshire, Cherwell, Milton Keynes and Northamptonshire.

Velocity Growth Revenue Grants (£1,000-£10,000)

This can fund up to a maximum of 33% of the total price of goods or services. This type of grant will support specialist consultancy, projects, goods and services related to increasing sales, improving productivity and profitability and improving business processes.

Grants have previously been awarded to support market research, website design, re-branding, marketing collateral, customer relationship management software and recruitment for hard-to-fill posts.

Amounts awarded will be based on a maximum of £5,000 for each job that is created by the applicant business.

Maximum Velocity Capital Grants (£5,000-£50,000)

Capital grants can fund up to a maximum of 25% of the total price. Project ideas include investment in technology or processes that facilitate growth and create jobs, such as plant equipment, new machinery, and an extension to land or premises.

Amounts awarded will be based on a grant of £5,000 for each job that is created by the project.

Businesses can receive a combined revenue and capital grant of up to £60,000, where appropriate.
Speak to your business adviser about the grants application process or call the Velocity team directly on 0300 01234 35

ENROL TODAY

If you’re not sure if your business is already enroled on the Velocity Growth Hub ERDF project, contact the Velocity team on 0300 01234 35 to enrol today.

STEP ONE

Check your eligibility

STEP TWO

Call us to talk about support you need, we will send you an enrolment form.

STEP THREE

Fill out and sign your form, send us a hard copy through the post.