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Investment Grants

Looking for grant support to grow your business?

Teesside University

Growth Spark Vouchers

Growth Spark grants support SMEs with the costs associated with procuring expertise and specialist equipment to develop ideas, products and services.

Successful grant applicants will be awarded up to 55% of overall project value.

Grants of up to £11k are available (for a project valued at £20k), and the grant can be used towards consultancy, capital and consumable costs to deliver growth plans.

Examples of recent projects include:

  • New product development in sectors such as Engineering, Food and Drink, Chemicals, Environmental, Energy, Construction
  • E-commerce trading platforms
  • New online service delivery portals
  • Software development

For further information and support to apply for any of the grants available please contact:

Business Engagement Team

T: +44 (0)1642 444366

E: business@redcar-cleveland.gov.uk

Tees Valley Business

Capital Investment Support

The scheme provides grant support for capital investment projects that will create new, sustainable jobs in Tees Valley.

Support is available to businesses of all sizes providing more than a local service with a higher emphasis being placed on SMEs.

Grants are available for capital expenditure, business expansion and diversification and is designed to help firms to expand their operations or to set up new establishments in the region.

Support offered will be determined by certain factors including expenditure involved, size of company & job creation.

The program operates under strict State Aid rules. Non-SMEs will only be eligible by exception – please speak to a member of the team.

Projects MUST meet the eligibility of the program.

To be successful, applications must:

  • Create or safeguard sustainable jobs within the applicant company
  • Offer good value for money in terms of value of grant per job created
  • Have adequate private sector funding for the project
  • Comply with State Aid regulations
Tees Valley ERDF Growth Fund

If you are a small or medium-sized business based in the Tees Valley catchment area with plans to grow & employ more staff then you may be eligible to access grant funding.

You could access up to 55% grant funding for business improvement projects costing between £1,819 – £36,364 (maximum grant of £20,000).

The Fund is managed by the Tees Valley Combined Authority.

It can support businesses in many ways to help grow their business, improve productivity and stimulate growth.

The grants may be used to buy any of the following:

  • Tools or machinery
  • Computer equipment
  • Premises improvement or expansion – capital works and equipment
  • External consultancy
  • Business growth planning
  • Strategy development
  • HR strategy & development
  • Marketing plans & activities
  • Website design & development
  • Product or process development diversification
  • Financial planning
  • Development of systems & procedures
Made Smarter Adoption North East

Made Smarter Adoption North East is backed by world-renowned businesses and the UK government. It aims to drive growth amongst the region’s manufacturing businesses and advance the UK economy by improving the development and adoption of emerging technologies. The North East Growth Hub and Tees Valley Business are working with Made Smarter to deliver Made Smarter Adoption in the North East LEP and Tees Valley Combined Authority areas. You can find out more about the wider Made Smarter offer here.

Made Smarter Adoption North East is here to help SME* manufacturers with fully funded advice and support – connecting you to digital tools, innovations and skills that can transform the way you work.

The process

  1. Digital Health Check – A one-to-one digital health check will help you identify where improvements can be made in your business using digital technology.
  2. Workshops – Workshops will look at the solutions available and how the technology works in practice.
  3. 1-1 Support – Access a grant up to £3,500 to help you secure support from an industrial digital technologies (IDT) specialist to scope and move towards the implementation phase.
  4. Grant Funding – You’ll also be given support in identifying possible grant funding to help with the purchase of new technology and equipment.

*To qualify as an SME, the company should satisfy two or more of the following requirements: not more than 250 employees, not more than £36 million turnover or not more that £18 million balance sheet total. (As defined by sections 382 and 465 of the Companies Act 2006).

SME Energy Efficiency Scheme

SMEs based in the Tees Valley can receive support from Tees Valley Business with a fully funded energy efficiency audit and expert advice. You could also be eligible for a SMEES grant to help you with the upfront costs of your energy saving project.

You can also access informative online factsheets and explainer videos, as well as information sessions and CPD workshops.

  • Expert Energy Advice – Access fully funded independent energy advice from Tees Valley Business’s team of Technical Specialists. You will also get a comprehensive onsite energy efficiency and renewables audit to help you to identify ways to save energy in your day-to-day business operations – saving you money and helping to reduce your carbon footprint.
  • SME Grants – Following your energy audit, if your business has an idea for a project which would result in significant carbon savings, you could be eligible for a SMEES grant to claim back up to 45% of the upfront capital costs. Example projects could include the installation of LED lighting, the upgrading to heat pumps or investments in renewable energy sources. Grants are not automatic, and Tees Valley Business’s team of Technical Specialists will calculate the emissions savings expected to be generated by your project using the approved BEIS 2017 conversion factors. Grants will be assessed on a case-by-case basis, but predominantly, projects with capital costs between £10,000 and £100,000 will be most likely to receive funding, subject to significant Carbon savings.
  • Useful Resources – Access a free series of good practice factsheets and videos produced by Tees Valley Business’s team of Technical Specialists. Discover some of the most common energy efficiency and renewable improvements your business could implement.
  • Workshops & events – Tees Valley Business are running regular free information sessions covering a wide range of topics, alongside CPD workshops on easy ways to reduce your energy costs and environmental impact.

For further information and support to apply for any of the grants available please contact:

Business Engagement Team

T: +44 (0)1642 444366

E: business@redcar-cleveland.gov.uk

Business Events

Jun

29

Tees Valley Advanced Manufacturing Sector Skills Meetup

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Jul

07

Tees Valley Business Summit 2022

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Jul

14

This Is Tees Valley Launch Event

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