Funding
If you are an automotive business with aspirations for growth, the NAA can provide support with funding applications as well as signposting you to the most relevant organisations. For more information on access to funding or funding competitions, please contact us here.
Funding available includes:
National
Horizon 2020 funds high-potential innovation through a dedicated SME instrument (Up to 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.
An established independent investment company with financial backing from Barclays, HSBC, Lloyds, RBS and Standard Chartered. Since 2011, the Business Growth Fund have invested a total of £2bn and backed 289 companies.
Supports component manufacturers and toolmakers to design, develop and manufacture tooling for their new and confirmed projects. A revolving fund open to eligible manufacturing business in any sector, with investment available up to £2m.
Specifically for the automotive manufacturing supply chain, Tooling Finance can provide up to 90% of the project cost upfront, with typical terms of up to 24 months.
Regional
Northern Powerhouse Investment Fund (NPIF)
The Northern Powerhouse Investment Fund, supported by the European Regional Development Fund, provides commercially focused finance through Microfinance, Debt and Equity Finance Funds. NPIF is a collaboration between the British Business ban and ten Local Enterprise Partnerships (LEP’s) in the North West, Yorkshire, the Humber and Tees Valley. NPIF provides over £400m of investment to boost SME growth in the North of England.
European Structural Development Fund (ERDF & ESF)
Structural Funds are intended to support economic development across the EU in line with the objectives of the Europe 2020 strategy. The funds aim to rebalance regional social and economic disparities. There are two main funds. The European Regional Development Fund promotes balanced development across the EU. The European Social Fund invest in employment-related projects and human capital; workers, young people and those seeking a job.
Liverpool
Merseyside Special Investment Fund
Local, independent organisation, providing funding to business across the North West and predominantly in the Liverpool City region. Funding is available for £500 to £2m and MSIF work closely with banks and other lenders.
Liverpool Chamber New Markets2 Programme
Looking to expand your business in to new markets? We can support you to win international business with confidence. The New Markets 2 ERDF Programme offers an array of support services and funding for Liverpool City Region SMEs who have an ambition to grow their business into global markets.
Liverpool City Region based SMEs can claim up to 35% towards export growth plans once you’ve successfully completed your agreed programme of support.
There is a wide range of local and national support if you’re looking to start or grow a business in Liverpool City Region.
Here you will find business funding, support programmes and services that are available to help you on your business growth journey, whether you’re just starting out or have an established business.
Lancashire
Established in 1986, Rosebud has provided thousands of loans to Lancashire businesses
Loans available between £10,000 and £300,000.
Rosebud is a package of financial assistance for growing businesses in Lancashire County Council’s administration area, provided by Lancashire County Developments Ltd (LCDL), which is a wholly owned subsidiary of the Council.
The Access to Finance service works with Lancashire businesses to assist them in raising finance to fund their growth. Our specialists provide one-to-one support with developing business plans, financial forecasts, investment readiness and applications for funding.
Greater Manchester
Helping businesses across Greater Manchester, from established and large companies, to start-ups and SME’s.
Greater Manchester Combined Authority
The Greater Manchester Investment Fund is a series of investment funds aimed at encouraging business growth and investment in property and infrastructure.
Achievements to date:
£123m invested into over 110 businesses in Greater Manchester creating/safeguarding over 7,450 jobs
Commercial property funds have supported the development of 349,048 sq mt of commercial floor space and the redevelopment of 23 hectares of brownfield land
£445m invested into residential development across 52 sites in Greater Manchester, supporting the building of over 6,100 new homes
Private sector funds leveraged to date of circa £1.1 billion
The ambition is for Greater Manchester to become a financially self-sustaining city, sitting at the heart of a Northern Powerhouse with the size, the assets, the skilled population and political and economic influence to rival any global city.
