Looking for Business Grants and Finance

Business Start Up Grant

Redditch Borough Council, in partnership with Business Link, Balancing Business and Worcestershire County Council, offer a £750 grant and an opportunity to acquire the knowledge and skills necessary to make your new business a success. Download the information sheet to find out more about the grant, and speak with Balancing Business to make your application.

Business Booster Grant from Redditch Borough Council

The ‘Business Booster Grant’ exists to help young but growing businesses that show specific promise make a ‘step change‘ in their development.  Redditch Borough Council will provide a grant of up to £2,000 to meet 50% of the cost of an eligible project.  The scheme is funded by Redditch Borough Council and Worcestershire County Council.

To check eligibility and to find out more download the information sheet, to apply for the grant complete and return the application form.

£1m Loan for Worcestershire businesses

Impetus is a Community Development Finance institution. They can provide funds of up to £50,000.
Loans have been launched following a £500,000 investment by Worcestershire County Council, which attracted a further £500,000 of European match-funding. Impetus will manage the credit scheme which aims to provide funding for local companies of up to £50,000 that can't get credit from mainstream sources.

Are you on a low income and self employed?

Redditch Borough Council wants to help everyone maximise their income as benefit take-up provides a safety net in hard times and also helps to put money back into the local economy. Are you low income self employed worker?

For further information go to http://redditch.whub.org.uk/cms/advice-and-benefits/benefits/useful-links.aspx

Are you having difficulty in raising finance from usual commercial sources?

The Advantage West Midlands backed Advantage Transition Bridge Fund can help. The Advantage Transition Bridge Fund can provide loans of between £50,000 and £250,000 to SME businesses based in the West Midlands. Businesses must have a viable business plan but be unable to secure finance to progress that plan from usual commercial sources. (Applicants must have approached their bank or alternative provider first).

Click below for further information or Phone: Alyson Round on 0121 200 8195 http://www.advantagebridgefund.com/

Looking for support with innovation projects?

Innovation Vouchers is a unique demand-led innovation voucher scheme that invites Small Medium Enterprises (SMEs) to apply for a £3000 voucher to purchase academic support from one of the 13 universities in the West Midlands.

Go to Innovation Vouchers for more information.

Grants for Business Investment

If you are looking for financial assistance to support expansion, modernisation, rationalisation and diversification of your business, you may wish to search for available grants and finance by using the Finance Worcestershire website or contact the North Worcestershire Economic Development Team on 01527 534082 to talk through your business plan objective, who will be able to signpost you to available help.

Where else can I go for help?

For help with borrowing, shares and equity, grants and Government support, business banking, debt recovery, insurance, retirement planning and other business planning support visit the Finance and Grants site map of Business Link, as well as Worcestershire County Council's business finance searchable database.