FCS Associates

SCR Business Investment Fund

The Sheffield City Region Access to Finance Centre of Expertise (SCR AFCOE) is an important element of the City Region Business Growth Hub. It has been established to support businesses that are looking to expand and require finance in order to do so. SCR AFCOE  helps coordinate access to  various backed finance products and also facilitates access to the SCR’s Business Investment Fund.

This fund has recently been expanded and now encompasses R & D activities.

Over the next 5 years, the Business Investment Fund has £26m to invest across the Sheffield City Region with around £5m available for investment between now and March 17.

Eligibility Criteria:

  • Organisations must be based in the Sheffield City Region and paying business rates to one of the 9 Local Authorities in the region or from businesses looking to relocate into the area.
  • The organisation must be viable and demonstrating growth or potential to grow and operating from commercial premises
  • Capital expenditure only: The grant cannot be used for working capital or training.
  • The project to be progressed using the Business Investment Fund grant must create new jobs.
  • Minimum grant size £25k, no maximum. But State Aid Guidelines must be adhered to eg 30% max for SMEs in Assisted Areas, 20% for SMEs in Non Assisted Areas and 10% for large companies in Assisted Areas.
  • Applicants must be able to demonstrate that their project would not go ahead in the SCR either as quickly or to the same scale without grant support.
  • Applicants must be able to demonstrate that they have exhausted the traditional funding markets

Changes to Approach:

• The delivery of the investment fund should not be seen as a typical grant application process. The starting point for all businesses will be a conversation about their finance requirements and how these could be met through a range of public and private loan, equity and grant options.

For further info see: http://bit.ly/2cFPomA

Location: Sheffield City Region

Value: Minimum £25k grant ~30% of project costs, no max grant

Deadline: March 2021

Our success rate

Need help applying for this grant?

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SCR Business Investment Fund - FCS Associates

SCR Business Investment Fund

The Sheffield City Region Access to Finance Centre of Expertise (SCR AFCOE) is an important element of the City Region Business Growth Hub. It has been established to support businesses that are looking to expand and require finance in order to do so. SCR AFCOE  helps coordinate access to  various backed finance products and also facilitates access to the SCR’s Business Investment Fund.

This fund has recently been expanded and now encompasses R & D activities.

Over the next 5 years, the Business Investment Fund has £26m to invest across the Sheffield City Region with around £5m available for investment between now and March 17.

Eligibility Criteria:

  • Organisations must be based in the Sheffield City Region and paying business rates to one of the 9 Local Authorities in the region or from businesses looking to relocate into the area.
  • The organisation must be viable and demonstrating growth or potential to grow and operating from commercial premises
  • Capital expenditure only: The grant cannot be used for working capital or training.
  • The project to be progressed using the Business Investment Fund grant must create new jobs.
  • Minimum grant size £25k, no maximum. But State Aid Guidelines must be adhered to eg 30% max for SMEs in Assisted Areas, 20% for SMEs in Non Assisted Areas and 10% for large companies in Assisted Areas.
  • Applicants must be able to demonstrate that their project would not go ahead in the SCR either as quickly or to the same scale without grant support.
  • Applicants must be able to demonstrate that they have exhausted the traditional funding markets

Changes to Approach:

• The delivery of the investment fund should not be seen as a typical grant application process. The starting point for all businesses will be a conversation about their finance requirements and how these could be met through a range of public and private loan, equity and grant options.

For further info see: http://bit.ly/2cFPomA

Location: Sheffield City Region

Value: Minimum £25k grant ~30% of project costs, no max grant

Deadline: March 2021

Our success rate

Need help applying for this grant?

Yes, Please help me write a winning applicationNo, just keep me up-to-date with the latest grants
SCR Business Investment Fund - FCS Associates

SCR Business Investment Fund

The Sheffield City Region Access to Finance Centre of Expertise (SCR AFCOE) is an important element of the City Region Business Growth Hub. It has been established to support businesses that are looking to expand and require finance in order to do so. SCR AFCOE  helps coordinate access to  various backed finance products and also facilitates access to the SCR’s Business Investment Fund.

This fund has recently been expanded and now encompasses R & D activities.

Over the next 5 years, the Business Investment Fund has £26m to invest across the Sheffield City Region with around £5m available for investment between now and March 17.

Eligibility Criteria:

  • Organisations must be based in the Sheffield City Region and paying business rates to one of the 9 Local Authorities in the region or from businesses looking to relocate into the area.
  • The organisation must be viable and demonstrating growth or potential to grow and operating from commercial premises
  • Capital expenditure only: The grant cannot be used for working capital or training.
  • The project to be progressed using the Business Investment Fund grant must create new jobs.
  • Minimum grant size £25k, no maximum. But State Aid Guidelines must be adhered to eg 30% max for SMEs in Assisted Areas, 20% for SMEs in Non Assisted Areas and 10% for large companies in Assisted Areas.
  • Applicants must be able to demonstrate that their project would not go ahead in the SCR either as quickly or to the same scale without grant support.
  • Applicants must be able to demonstrate that they have exhausted the traditional funding markets

Changes to Approach:

• The delivery of the investment fund should not be seen as a typical grant application process. The starting point for all businesses will be a conversation about their finance requirements and how these could be met through a range of public and private loan, equity and grant options.

For further info see: http://bit.ly/2cFPomA

Location: Sheffield City Region

Value: Minimum £25k grant ~30% of project costs, no max grant

Deadline: March 2021

Our success rate

Need help applying for this grant?

Yes, Please help me write a winning applicationNo, just keep me up-to-date with the latest grants