The D2N2 Capital Growth Fund offers capital grant support to small and medium-sized enterprises investing in the Derby, Derbyshire, Nottingham & Nottinghamshire areas, with grant funding of between £1,500 and £10,000 available up to a maximum of 30% of eligible project costs.
Key features of the Fund:
- Will cover capital costs – for example machinery, equipment, IT hardware but cannot support vehicle purchases.
- Will not cover revenue costs such as wages, rent, marketing or general running costs.
- Businesses must be able to demonstrate that they are already trading and that the project will enable employment growth (will create at least 1 job for grants of between £5,001 – £10,000, or 0.5 FTE job i.e. 18+ hours/week for £5,000 or below).
- Expenditure with any one supplier cannot exceed £24,999.
More details on the Fund can be found in the Guidance Notes.
Find out more information – http://www.emb-group.co.uk/our-businesses/east-midlands-business/d2n2-capital-growth-fund/