Skip to main content

Business funding for February 2024

Business Growth Fund

The Business Growth Fund is a £3.5m investment programme, which is offering businesses grants of up to 30% of expenditure for projects that otherwise would be unable to proceed. Businesses must be planning capital investment of at least £67,000, and must be expanding or establishing in the areas of Gateshead Metropolitan Borough Council, North of Tyne Combined Authority, or Sunderland City Council.

Social Enterprise Boost

The Social Enterprise Boost is a funding opportunity from the North East Growth Hub. It's aim is to, 'kick start and accelerate social enterprise activity in local areas and demonstrate social enterprises’ impact on their communities.' New social entrepreneurs in Sunderland and South Tyneside can get from £1000 to £5000 funding to start and grow their business. 

Catherine Cookson Charitable Trust

The Catherine Cookson Charitable Trust makes donations to worthy causes in the UK. Grants are between £100 and £100,000, but occasionally larger amounts in exceptional circumstances. Organisations involved in education, training, environment, conservation, arts, culture and general charitable purposes in North East England are encouraged to apply. 

BEST: Business Energy Saving Team

BEST is the Business Energy Saving Team, and can help businesses in the North East save money on their energy. You can apply on BEST's website by providing some information about your business, and your energy consumption. The BEST energy team review the information, and then provide tailored advice on how you can be more energy efficient. You can also request a grant application form, where you can apply to claim grant reimbursment for the energy saving works carried out.

Growth Through Mentoring

Growth Through Mentoring is a programme delivered by North East Growth Hub, and aims to match businesses with mentors who have experience of scaling a business. The programme is for businesses with 5 or more employees, a turnover of [at least] £500,000, or £250,000 with demonstrable high growth, [and] that has been in operation for two years and is experiencing or anticipating high growth.

The Oli Bennett Charitable Trust

The Oli Bennett Charitable Trust aims to provide financial support, where other methods of fundraising have failed, and to offer advice to young people from all backgrounds to help turn their business ideas into sustainable, profitable organisations. Grants will be considered for those aged between 18-30, who are UK residents.

Workplace Charging Scheme

The Government's Workplace Charging Scheme is a voucher-based scheme which can help businesses and charities finance the purchase and installation of Electric Vehicle charging points. Eligible organisations can receive funding for up to 75% of the total costs, capped at a limit of £350 per socket, and 40 sockets across all sites. Check your eligibility on the government website.

Make Smarter Adoption North East

Make Smarter Adoption North East helps manufacturing businesses go digital by providing organisations in and around Tees Valley with support and funding. Businesses can receive a digital roadmap to help identify how their business could benefit from digital tools, innovation vouchers of up to £500 to help them access expert advice, and grants of up to £20,000 to help implement new software and equipment.

The North East Ambition Programme

The North East Ambition Programme is offering, ‘free, impartial consultancy service to small businesses in the North East, helping them to identify the skills needs, training and finance options that will help them grow.’ SMEs can get help creating action plans, finding training courses, funding options, employment programmes and building partnerships with schools and colleges.

Vehicle Upgrade Grant

The Clean Air Zone scheme is offering grants to drivers of non-compliant vehicles to upgrade or replace their taxi, private-hire car, bus, coach or HGV. The vehicle being purchased must meet Clean Air Zone emissions requirements, and applicants will have to evidence their business travel in the Clean Air Zone. Eligible applicants can receive up to £3,500 for taxis and private hire vehicles, £4,000 for wheelchair accessible taxis, £4,500 for light goods vehicles, and £16,000 for HGVs, buses and coaches.

Challenge North Tyne

Challenge North Tyne invites SMEs to submit solutions for challenges that our region faces. Successful ideas will receive up to £5000 in prototype funding, and will take part in a co-design programme to see these ideas tested. Challenges are posted on their website; and local businesses can also post challenges themselves.

UnLtd Awards

If you're a social entrepreneur, 'people who have started, or looking to start, a social venture, someone who is driven by their passion to make a difference' or a social venture, 'an organisation whose purpose is to create impact but has a financially sustainable business model to continue to make a difference', you can apply for UnLtd Awards for up to £8000 and £18,000 respectively alongside business support. 

Sainsbury’s Innovation Investments

Sainsburys have launched the Innovations Investments program, which will 'invest in early-stage companies commercialising innovative, sustainable technologies that look to reduce operational carbon emissions and water usage.' The first investment will be announced before the end of 2022, but they're planning to invest £5m in businesses over the next 4 years. You can enquire at this link.

The Jackie Haq Fund

The Jackie Haq Fund provides funding and support for organisations who are working to combat food and fuel poverty, domestic violence, racism and disadvantage. Organisations can receive between £750-£1000 towards running costs, capital, project and core costs. They must be based in the West End of Newcastle, the East End of Newcastle, or North Tyneside.

National Insurance contributions relief for veterans

If you employ a veteran, you're entitled to National Insurance contributions relief. An employee qualifies as a veteran if, 'they have served at least one day in the regular armed forces', or 'completed at least one day of basic training'. You can find more information on how to access this relief on the government website.

B&Q Foundation

The B&Q Foundation offer grants to charities who are looking to improve homes and community spaces for, 'those who need it most'. It's awarded over £2.4million since its inception in June 2020. Applicants need to be registered charities.

Boiler Upgrade Scheme

This scheme from the government allows small businesses who own their own property in England and Wales to upgrade their boiler to an air source heat pump, a biomass boiler, or a ground source heat pump. Businesses can get up to £6000 off the cost an installation. 

Funding to Support Disadvantaged Young People and Offenders (UK)

With this grant from The Weavers' Company, eligible charities and organisations could receive up to £15,000 towards projects which help support offenders and ex-offenders, aswell as disadvantaged young people (those aged between 5 and 30). You can complete an application form online, and the deadline is 14th July 2022.  

Arrow Project from Newcastle University

Arrow Project is a program designed to help North East SMEs innovate and grow. It's a completely free service which can be accessed by businesses who are looking to expand, or brand new businesses and start-ups. Get help with proof of concept and validation, help with research and development, and specialist data science expertise. 

Northern Accelerator Fund

The Northern Accelerator is a collaboration between Durham, Newcastle, Northumbria and Sunderland Universities, focusing on the commercialisation of research to support local and national economic growth. They run a number of funds, which are designed to help academics train in business, and get their business ideas off the ground. Find out more on their website. 

North of Tyne Innovation Recovery Grant

The North of Tyne Innovation Recovery Grant is designed to help businesses in Northumberland, Newcastle and North Tyneside fund projects which 'create and safeguard good quality jobs, build a more inclusive economy and/or contribute towards the net zero agenda'. Download the application pack to get started.

The Recovery Loan Scheme

If your business is trading in the UK, and has been adversely affected by the pandemic, you can apply for the UK government’s Recovery Loan Scheme. This scheme is to ‘help businesses of any size access loans and other kinds of finance so they can recover after the pandemic and transition period.’ Eligible businesses can receive up to ten million pounds. 

Teesside University Support Package

Teesside University have put together a free programme of support that they are currently offering to SMEs that have been affected by COVID-19. They are offering a huge range of services including business diagnostics, signposting to support, pinpointing grants and bid writing assistance, aswell as planning for recovery. These services are delivered remotely to eligible businesses - get in touch with Teesside University to find out more.

Finance Durham Fund

The Finance Durham Fund can support a huge range of businesses, and offers £200,000 to £700,000 in debt, equity and mezzanine funding. Eligible businesses must be ‘based in, or in the process of relocating to, County Durham at the time the investment is made’. You’ll also need to submit a detailed investment proposal, a detailed business plan, and an analysis of financial projections.

Gigabit Broadband Voucher Scheme

Is your broadband struggling to keep up with your business? Get some vouchers with the Gigabit voucher scheme, and you can use them to contribute to ‘the installation cost of a gigabit-capable connection. Businesses can claim up to £2,500 against the cost of connection either individually or as part of a group project. Residents can benefit from the scheme with a voucher worth £500 as part of a group project.’

The Yapp Charitable Trust

The Yapp Charitable Trust makes grants to cover running costs and salaries for charities in England and Wales. They offer grants to registered charities, for work which focuses on one of their priority groups; elderly people, young people aged 5-25, people with physical impairments or disabilities, learning difficulties or mental health difficulties, social welfare and education and learning. They also prioritise, ‘work that is unattractive to the general public or unpopular with other funders’. You can download an application form from their website.

Scaleup North East

Scaleup North East is a programme designed for businesses wanting to grow and develop sustainably, by providing one to one support, action plans and funding. Scaleup North East offers all of this as well as broker strategic partnerships, advice, masterclasses and workshops. If you’re based in the North East and have fewer than 250 employees, you can apply.

Natwest Entrepreneur Accelerator

Natwest Entrepreneur Accelerator is, ‘a six-month programme for entrepreneurs with high growth businesses who are looking to scale up.’ If you’re an established entrepreneur who wants to take your business to the next level, you can get free office space, Wi-Fi, 1:1 coaching and access to business mentors. This is a fully funded programme, and Natwest don’t take any equity in any business.

New Enterprise Allowance

The New Enterprise Allowance is a weekly allowance of up to £1,274 over 26 weeks, and is designed to help those on Universal Credit, Jobseekers Allowance and Employment and Support Allowance start their own businesses. You can also access mentoring through this scheme. To get started you’ll need to talk to your Jobcentre Plus work coach.

Get business support with the Prince’s Trust

The Prince’s Trust is a great organisation for young people wanting to start their own businesses. If you’re between 18 and 30 and have an idea for a business, you can join the Enterprise programme. It’s a great way to get your business started, and in special circumstances there are even grants available.

The Business Clinic at Northumbria University

The Business Clinic is an education scheme set up by Northumbria University, designed to give final year undergraduate and masters students on the ground experience working with real businesses. If you're looking for consultancy advice for your business, or you have a specific problem, The Business Clinic offers their services for free.

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.

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.

Hadrian Trust Grants

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. You can apply online or by post.

Funding Circle

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.

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.

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.

If you know about a fund, grant or investment opportunity we should be talking about, tweet us @TranscenditUK

Photos from Unsplash, Fotolia & Pexels


The Transcendit Way

Transcendit understand that when you choose to work with us, whether we're taking care of your IT, app or web development, you're trusting us with part of your business. So whether we're looking after your computers, phone systems or servers we always do things 'the Transcendit way'.

The whole of our team adhere to the same values, beliefs and policies - the principles that were written when Transcendit first formed in 2000. Whether you come to us for cloud services or recovery backup you can be confident that you'll always receive the same excellent service.

The Transcendit way outlines how we do business; following the same straightforward principles with every client and customer, regardless of how big or small they may be.

That means we get to know you and your business. We offer you a friendly, professional and efficient service, and we'll always be honest with you.
We understand that not everybody speaks fluent IT, so we try to explain things in a way that is simple and clear. We always spend as much time as is necessary explaining things to you.
If you need to talk to us about something, no matter how insignificant, we are only ever a phone call away – and we’re never too busy to make you a cup of tea and have a sit down with you in person.
We understand how frustrating it can be when things are late. When we schedule an appointment with you, we are there when you’re expecting us. If something prevents us from getting there, we always call you in advance to let you know.
Sometimes things can go wrong, but we never lie to you or try to cover something up. If things go askew we tell you what’s happened and how we plan to prevent it affecting your business.
We want you to continuously benefit from working with us. We regularly discuss your business and make suggestions for improving systems and processes wherever we can – but we never try to push you into a purchase.
When we quote a fixed price, that's always the amount we charge – you won’t find any nasty surprises on a bill from us. If you are paying by time and materials, we inform you if our approximations could change.
We understand the importance of privacy for your business and your customers. We respect the confidentiality of your data, and we will never pass on your information to third parties.
We appreciate it when you take the time to give us feedback. A system called CustomerSure records our client's responses, so you can trust that our reviews are from real people.
Find out what they're saying here.
The lads are absolutely fantastic and we can’t do without them, everyone I’ve dealt with has always been so patient, lovely and never patronising with me and I’m probably hard work. I would be lost without you David Wright

Based on 11207 reviews our customers rate us 9.8/10. Reviews and ratings by Customersure. 17-January-2024

Transcendit are proud sponsors of CHUF, the Children's Heart Unit Fund.

Transcendit is a Living Wage employer
Transcendit is a Microsoft Gold certified partner
VMWARE partner
Vipre partner
IPCortex partner
WithSecure partner
DELL partner
Barracuda partner
Veeam partner
N-Able partner