Funding available for advanced manufacturing in the North West
The Greater Manchester Export Fund (GMEF)
The Greater Manchester Export Fund (GMEF) is here to help small and medium-sized businesses across Greater Manchester significantly increase their export sales.
The aim of the project is to create or protect over 1,000 jobs in Greater Manchester, as well as leverage over £35million of private sector investment through export-led growth. There are two ways we can provide your business with financial support: grant-support or a short-term loan. You can find out more about each of these funding options below: Link to More Information
North West Fund
- £155m investment fund to provide debt and equity funding to small and medium sized enterprises in the North West of England.
European Regional Development Fund (ERDF)
- Northwest Operational Programme (NWOP) has been allocated £521m to spend in the period 2007-2015
- AA Business Excellence programme funding from ERDF
Liverpool City Region
Merseyside Special Investment Fund (MSIF)
- MSIF provides loan and equity investment funding between £3,000 and £2million+ to business seeking investment to grow
Liverpool Mayoral Investment Fund
- The Mayoral Investment Fund is designed to stimulate business and has brought Briggs Automotive Company to Liverpool
Skills For Growth Bank
- New £32 million fund for businesses
- Investment of between £1,000 and £1 million in training projects, available for companies of any size
New Markets Programme
- Support for growing businesses with fewer than 250 employees and less than €50m (£42m) turnover
- 35% contribution to the cost of commercial advice in a range of disciplines
Lancashire Rosebud business finance
- Finance from £10,000 to over £1 million for ambitious growing businesses
Boost Business Lancashire
- £7.2 million programme of business support to grow the county’s economy by £20m
Regenerate Pennine Lancashire
- Offering funding, the economic development company has attracted over £120m to Pennine Lancashire
Business Growth Hub
- Helping businesses across Greater Manchester, from established and large companies to start-ups and SME enterprises
National Funding available in the North West
Hot off the press – Employer Ownership Fund SME Engineering Skills Support – now LIVE!
“Improving Engineering Skills in Smaller companies”
The Government launched a £2.5 million fund on Friday 12th December. This “offer” is open to any small or medium sized company that employ people in engineering occupations. Its aim is to help companies grow and become more productive through investing in the skills of its current and future engineers. This is the first tranche of a £10 million fund to give employers a leading role in tackling skills shortages in engineering. It provides a 50% grant from Government, with a simple, fast to access application process. Link to Further Information
Horizon 2020 funds high-potential innovation through a dedicated SME instrument (Upto 70% of total cost of the project )
The dedicated SME instrument’s supports close-to-market activities, with the aim to give a strong boost to breakthrough innovation. Highly innovative SMEs with a clear commercial ambition and a potential for high growth and internationalisation are the prime target. The SME Instrument offers small and medium-sized businesses the following:
- Business innovation grants for feasibility assessment purposes (optional phase I): EUR 50,000 (lump sum) per project (70% of total cost of the project);
- Business innovation grants for innovation development & demonstration purposes (possible phase II): an amount in the indicative range of EUR 500,000 and 2,5 million (70% of total cost of the project as a general rule);
- Free-of-charge business coaching (optional in phases I and II), in order to support and enhance the firm’s innovation capacity and help align the project to strategic business needs;
- Access to a wide range of innovation support services and facilitated access to risk finance (mostly in optional phase III), to facilitate the commercial exploitation of the innovation.
BIS:-£30 million fund to secure supply of engineers and boost number of women in sector
- £10 million of the fund will be directed to a call to ‘Developing Women Engineers’
- £10 million to a call to ‘Improving Engineering Careers’.
- £10 million will be made available in the autumn to develop engineering skills in smaller companies.
The calls have been developed in consultation with professional institutions and leading engineering companies from across the sector.
Regional Growth Fund (RGF)
- The £3.2 billion fund supports eligible projects and programmes that are also raising private sector investment to create economic growth and sustainable employment.
Advanced Manufacturing Supply Chain Initiative (AMSCI)
- Funding competition designed to improve the global competitiveness of UK advanced manufacturing supply chains.
Business Growth Fund
- Aim is to help Britain’s growing smaller and medium sized businesses
- Backed by five of the UK’s main banking groups – Barclays, HSBC, Lloyds, RBS and Standard Chartered
- BGF is an independent company with up to £2.5bn with which to make long-term equity investments.
Tooling Loan Fund
- £24m national fund
- For manufacturers within, or supplying, the automotive industry who require support for the purchase of ‘bespoke’ tooling
- Loan amount £50k to £1m.
Assorted support from banks such as Tooling Finance from RBS