Investment Grants

Looking for grant support to grow your business?

Business Tees Valley

Made Smarter Adoption North East

Made Smarter Adoption North East can help your manufacturing business become more efficient, more productive and more competitive by investing in digital tools.

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 the Tees Valley Combined Authority 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.

  • Get hands on help to develop a digital roadmap for your business – wherever you’re at on your digital journey.
  • Innovation Vouchers worth up to £500 are available to help you access expert advice from an industrial digital technology specialist.
  • Grants of up to £20,000 are available to help you purchase and implement new software and/ or equipment (up to 50% of the overall cost).
Rural England Prosperity Fund

The Rural England Prosperity Fund is a government fund that has been developed to provide further support to rural areas and address the unique challenges they face. This will be achieved through the delivery of capital grants to fund suitable projects for the purposes of supporting the local economy and communities. 

The aim of the Rural Fund is to help improve productivity, strengthen and benefit the rural economy and rural communities. In Tees Valley, the Rural Fund can only be used to finance capital projects for small rural businesses and communities in rural areas of Redcar and Cleveland.

The Rural Fund objectives sit within the UKSPF investment priorities for:

  • Supporting Local Business; and
  • Communities and Place.

Key Information

Available: Now

Can I apply if my business is not trading yet? Yes

Eligible location: Identified as a rural area referenced by DEFRA magic map – available via the Tees Valley Combined Authority webpage (link below). 

Award available: £3k – £15k

Funding match required: 0%

Award type: Reimbursement grant – agreed projects must be completed and paid in full before receipt of a grant award, pending approval.

Funding rounds will take place as follows:

Application window opensApplication window closes
Round 127-10-202315-11-2023
Round 2*11-12-202312-01-2024
Round 3*12-02-202401-03-2024
*Please Note: Subject to the volume and value of eligible applications received and approved, funding may be fully committed in Funding Round 1, therefore, Funding Rounds 2 and 3 will only be launched if the fund has not been fully committed in Funding Round 1.

This fund is administered by Tees Valley Combined Authority. For more information and to apply, please visit here

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

Redcar and Cleveland Borough Council
Guisborough Commercial Grant Scheme

As part of the government’s Levelling Up Fund, £600,000 has been allocated to be spent on shop front improvements in Guisborough, enhancing the town’s heritage and add to the visitor and cultural offer.

Business owners in commercial properties on Bakehouse Square, Chaloner Street, Chaloner Mews, Market Place, Westgate, Bow Street and Fountain Street will be able to apply for grant funding to help bring buildings back in line with heritage standards. This means improvements could be made to windows, doors, facades, shop frontages, signage and decoration, all designed to similar traditional appearances.

If a business owner is thinking of applying, match funding will be required which means owners are expected to put forward some of their own investment in addition to what they’ll receive from the Levelling Up Fund.

Grants will only be provided for applications that meet eligibility requirements. Tenants of commercial properties can apply but will require signed consent from their landlord.

Expressions of Interest are currently being taken. For more information, please email placeinvestment@redcar-cleveland.gov.uk

Zetland Road Heritage Scheme

Redcar and Cleveland Borough Council is rolling out a package of support to property owners/businesses in Zetland Road, Loftus, to improve the look and feel of the area and bring buildings back in line with heritage standards.

Eligible spend

  • Full stop facades (including windows and doors)

  • External upper floor renovations (including windows)

  • External faҫade decoration

  • Removal of shutters or uplift work if shutters cannot be removed

For more information, please contact our Place Development & Investment team by emailing placeinvestment@redcar-cleveland.gov.uk

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

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