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Business funding for October 2022

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, and can apply on B&Q's Neighbourly page.

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.  

Digital Tech Resilience Grant

The Digital Tech Resilience Grant is funded by Newcastle City Council, and covers up to 50% of the costs (up to £3000) to implement a technology that increases business and covid resilience. This grant is exclusive to participants of the free Digital Pathfinders program, which is a free business support program to help businesses identify how technology could drive covid resilience in your business.

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. 

Gateshead College Foundation

If you're thinking about further training, or are looking for a change in career, Gateshead College can help. The Gateshead College Foundation can help you with travel costs, course fees, personal grants, equipment for your study, even a suit for a job interview. Find out more on the Gateshead College website.

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. 

North of Tyne Growth Fund

Small to medium sized businesses who are planning a capital investment of at least £134,000, that are expanding or establishing in Newcastle, North Tyneside and Northumberland may be eligible for a grant of up to 30% of their expenditure. Businesses should complete the enquiry form on the website, and will then be contacted by a Project Advisor.

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.

Manufacturing Growth Programme (MGP)

The Manufacturing Growth Programme offers capital grants for small scale purchases up to £25,000, thanks to the European Regional Development Fund. Your business must be an SME, a manufacturer, and you must be located in the West Midlands, Yorkshire and Humber, the East Midlands or the South East. Check if your business is eligible online.

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.

BEST Energy efficiency project

The BEST Energy efficiency project is an EU funded project allowing businesses to provide 250 SMEs with a free energy audit, with the aim of reducing greenhouse gas emissions. SMEs will be able to reduce their running costs, do their bit for the environment, and there are even 100 grants up for grabs to implement audit recommendations. Just complete the eligibility form to get started.

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.

Digital Drive County Durham

Digital Drive is ideal for businesses in County Durham who are embarking upon digital technology projects, who could be eligible for funding to cover up to 40% of their costs. This will include digital consultancy projects, equipment, broadband infrastructure and installation. 

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.

North East Core Funding

The North East Core Funding Programme comes from the Greggs Foundation, and 'makes grants to organisations in the Counties of Northumberland, Tyne and Wear, Durham and Teesside to support core running costs'. If you're a charity that supports disadvantaged people, you could get £15,000 per year for up to three years.

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

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