Business Support during the Covid-19 crisis
State Aid and COVID Grant Funds - page to be updated shortly in line with the Local Restriction Support Grants
Details are still emerging around the financial assistants/grants to support businesses that are affected by the Tier 3/VERY HIGH Local Lockdown Restrictions, and we will provide updated information about the grants as soon as possible. if you would like to register your details on our Business Support database we will keep you updated as and when we receive information on both the next round of funding and any further support that may become available: Register for updates
Government support is available for businesses and the self-employed, including Self Employed Income Support and the Job Retention Scheme
- For support with business resilience and recovery, view our Coronavirus Business Recovery Toolkit (PDF)
- Many of the organisations listed below are offering specific support to help with business recovery during the pandemic.
Access to Finance
Are you looking to grow your business but struggling to find the finance to make it happen? Are you considering alternative sources of finance like venture capital, business angel investment or crowdfunding and need further specialist support?
Our 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.
The team have access to a diverse and expansive network of finance providers and funding outlets and cover all corporate finance products available, including loans and overdrafts, venture capital, Business Angels, cashflow finance, asset finance, invoice finance, crowd funding and grants.
- Find out more at Access to Finance
Are you starting a new business or been trading for less than two years and need finance for your new business? Looking to borrow between £500 and £25,000 over one to five years to help your business grow?
Northern Powerhouse Investment Fund
Are you looking for growth finance to help you achieve your ambitions? Whether you're an entrepreneur, a start-up or an established SME business the Northern Powerhouse Investment Fund (NPIF) has a range of finance options for you.
- Find out more at Northern Powerhouse Investment Fund
Manufacturing Made Smarter
If you are manufacturer, engineer or maker with facilities of operations in the North West and want to invest in new digital technology or upskill your staff so that they can use them, then register for an assessment.
You will be supported with fully-funded, impartial, expert advice and grant funding to support your project implementation.
Your technology project might involve:
- Creating bespoke products with 3D printing
- Delivering consistent production quality with machine learning
- Making training safer through virtual reality
- Increasing productivity through automation
What can Made Smarter offer?
- Fully-funded specialist advice to assess your current operations and develop your digitalisation strategy
- 50% grant funding to implement new technology, software and hardware into your manufacturing
- Access to a subsidised Leadership Development programme, designed specifically to support the programme
- Access to student placements to help you understand how to implement the technology
Find out more at madesmarter.uk
Chamber Low Carbon Grants
If you are an eligible, Lancashire based, small to medium sized enterprise looking to install equipment, or measures to improve your energy or resource efficiency, or perhaps thinking about installing on-site renewable energy generating equipment, the Chamber Low Carbon Programme could be in a position to help.
Typical projects have funded Installation of: • LED lighting • Solar Photo Voltaics • Solar Thermal • Biomass • Anaerobic digestion • Small hydro power • Ground and Air Source Heat Pumps • IR Heating • Variable speed drives • Voltage optimisation... and more.
Or call: 01254 356482 email: email@example.com
UCLAN Investment Readiness Programme
A coherent, structured programme for Lancashire SMEs who are looking to become investment ready. Investment Readiness will help businesses with everything from knowing how much investment they need to how to best pitch their ideas to gain investment.
- Find out more at Investment Readiness
Looking to raise growth finance for your start-up, early stage or growing business? Do you want to retain control of raising finance while building a crowd of investors who believe in your business?
- Find out more about Crowdcube
Do you want to raise investment to finance your startup or growing business? Considering crowdfunding but need legal advice and support to easily present your business to a large community of potential investors?
- Find out more about Seedrs
Rosebud Business Finance
Are you looking for fast, flexible funding to grow a Lancashire business? Struggling to get bank finance because the bank wants you to source additional funding? Rosebud business finance could be exactly what you’re looking for.
- Loans provided between £10,000 and £300,000 for ambitious growing businesses seeking to expand their workforce
Interest rates typically will be between 6-10% with an admin fee of 2.5%
Loans are typically taken out for three to five years. And there's no penalty for early repayment
- You'll need to disclose if you've got a bad credit history, but it won't necessarily stop you from getting fundin
Find out more at Rosebud business finance
Are you looking for a quick and affordable loan of up to £1m for your growing business without the costs and complexity of dealing with a bank?
- Find out more about the Funding Circle
Lancaster University Impact Acceleration Account
Lancaster University has been awarded £840,000 to renew its EPSRC (Engineering & Physical Sciences Research Council) Impact Acceleration Account for the period 2017 to 2020. The majority of awards have involved collaboration with SMEs, reflective of Lancaster’s strength in this area.
The IAA provided both seed funding (up to £10,000) and co-funding (up to £25,000 matched in cash by an external partner) for Lancaster researchers working with small & medium sized employers.
Projects funded included;
- Model Prototype & Application Prototype
- New Algorithm(s) or Data Analytics Methodology
- Patents, Filings or Patentable Inventions
- Licence Agreements & Potential Licence Agreements
- Spin Out or Start Up