Business Finance
We believe the foundations of our future are in the growth of
current Northwest businesses. And now more than ever, businesses
need financial support in order not only to grow, but to survive
the worst of the current economic climate.
We offer financial support to business from a range Grants, Loans and Equity Finance products.
These are part of the Solutions For Business
portfolio, which is wholly funded by the Government and
Government-funded organisations, such as the NWDA. Details of all
the products can be found at www.nwda.co.uk/finance.
If you’re unsure about which help you need, a good place to
start is our
Access to Finance service, available through
Business Link
Northwest.
The Access to Finance service offers free advice and support to
help businesses and entrepreneurs understand the options available
for accessing the finance required for business start-up,
development and expansion. Business Link Northwest offer
independent advice, so you can find out about traditional
commercial sources as well as NWDA products.
for use on nwda website internal pages
Grants
Grant for Business Investment
Providing help for major business investment projects which
increase productivity, skills and employment in the region. The
grant covers up to 45% of the cost of the project.
Grant for Research & Development
To assist businesses to introduce innovative products and
processes including research trials and product testing. The grant
covers 35% to 60% of the project costs up to £500,000.
Grant for Improving your Resource
Efficiency
Part of the Improving Your Resource Efficiency product, this
grant is to assist capital purchases that demonstrate carbon
dioxide reductions. The grants cover 50% of the capital costs up to
Eur200k.
Innovation Vouchers
Funding to help businesses pay for research and development
support from universities, colleges or private sector research
establishments in the region.
Loans
Enterprise Finance Guarantee
A guarantee facility for small businesses to improve the
availability of working capital through term loans and the
consolidation of overdrafts. Loans of up to £1 million are
available.
Small Loans for Business
To help small business owners, entrepreneurs and social
enterprises start up, develop and expand their businesses. Loans of
up to £50,000 are available.
Loan Fund
For viable, innovative SMEs seeking development capital,
providing Loans of up to £250k.
- Find out more about
Loan Fund and apply online
Equity Finance
Venture Capital
Funding provides a flexible equity package, which can include
Mezzanine Finance (loan linked to equity), from £250K to
£1million.
Northwest Business Angels
Similar to the Dragon’s Den TV programme concept, Northwest
Business Angels is a network of private equity investors who invest
in new or expanding businesses. Level of investment is up to
£500k.