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Business Tees Valley

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 above 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

“Routes to Employment” grant

A small grant available to support unemployed residents of the borough or those facing redundancy to start their own business.

The grant is designed to support residents in removing barriers to self-employment. To access the grant, a fully developed business plan including financial documents is required, support can be provided to assist in the development of these documents.

The grant can be used to remove various financial barriers and assist in the purchasing of:

  • Insurance
  • Marketing materials
  • Equipment
  • Training/Qualifications

To find out more information on this grant and support to apply please contact:

Business Engagement Team

T: +44 (0)1642 444366

E: business@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

 

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