Do you run a micro, SME or established business in Norfolk or Suffolk? Are you looking to invest and grow? If so, we aim to give you the confidence, capability and capacity to succeed
Find Out About Grants Available
We fund projects and programmes designed to support businesses of all sizes, in all sectors. We deliver these through our team of business advisers at the New Anglia Growth Hub. To find out how they might be able to help you, please call 0300 333 6536 or email [email protected].
You may be looking to launch new products or services, improve productivity and efficiency, or open up new markets. Whatever your ambitions, we stand ready to help.
Our business grants at a glance
The Business Resilience and Recovery Scheme was established to support businesses during the COVID-19 pandemic and during the economic recovery. It supports short-term business resilience projects and longer-term recovery and diversification projects. The Scheme also offers consultancy support, so businesses can access fully- funded guidance from experts in a range of subjects.
Grant size: £25,000 – £50,000
Project size requirement: Minimum project size £62,500
Intervention rate: Up to 40%
Key requirement: Diversification project, Capital expenditure and building costs, must use cash reserves or bank loan.
The Growing Business Fund offers grants of up to £250,000 to help businesses grow and create jobs. The capital grants can cover up to 20% of total project costs.
Grant size: £25,000 – £250,000
Project size requirement: Minimum £125,500
Intervention rate: Up to 10%-20%
Key requirement: Growth project, must create new jobs – £20,000 per job, must use cash reserves or bank loan or asset finance
The Growth Through Innovation Fund offers grants up to £25,000 to help businesses invest in innovation, research and development. The grant can pay up to 50% of total eligible project costs. The Growth Through Innovation Fund is funded by the European Regional Development Fund.
Grant size: £1,000 – £25,000
Project size requirement: Must be between £500 – £125,000
Intervention rate: Up to 50% depending on type of R&D activity, capital expenditure
Key requirement: Innovation projects, must be within industrial research and experimental development. must use cash reserves or bank loan
Building for business growth – As well as the specific support for individual firms through our Growth Hub, we work to strengthen the wider business environment. That includes investing in strategic infrastructure projects through our Growing Places Fund and establishing Enterprise Zones to accelerate business growth and inward investment. For more information – read about how we are working to Grow Our Economy.
About the New Anglia Growth Hub – New Anglia LEP set up the Growth Hub as part of its Business Growth Programme. It is operated by Suffolk County Council and part-funded by the European Regional Development Fund. It is also supported by a range of partners, including Suffolk Chambers of Commerce, the Federation of Small Businesses and local authorities in Norfolk and Suffolk. Please call 0300 333 6536 or email [email protected]