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:
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.
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.
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.
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.
The Liverpool City Region Business Support Fund have already funded over 200 projects through the New Markets programme.
The Liverpool City Region Future Innovation Fund aims to support businesses in the region adapt and innovate in the wake of the COVID-19 pandemic. The fund will provide grants to support SME’s that have reacted innovatively to the changed business environment.
Rosebud Finance has been providing financial help to Lancashire businesses since 1986. Loans are available from £10,000 to £300,000.
The Access to Finance Service is for Lancashire based SME’s and is fully funded by the European Regional Development Fund and Lancashire County Council.
Helping businesses across Greater Manchester, from established and large companies, to start-ups and SME’s.
A series of investment funds; £123m invested to date, in over 110 business in Greater Manchester.