Grant funding available to support Chesterfield’s growing businesses

Credit: Shutterstock.com/ Linda Bestwick

Chesterfield businesses looking to invest to improve company productivity or those currently considering adopting new industrial digital technology to thrive in the digital age can now tap into Sheffield City Region’s (SCR) Business Investment Fund.

The Business Investment Fund – Made Smarter in SCR offers capital grants to support businesses to adopt new industrial digital technologies. Finance is available to support investment in projects that introduce new technologies for the first time or are a significant change from the ‘business as usual’ approach. This might include robotics, additive manufacturing or industrial Internet of Things projects. Businesses can apply for capital in the range of £25k to £50k.

Business Investment Fund – SCR Productivity Challenge is an investment scheme providing capital grants to support businesses to identify and address their business productivity challenges. The programme will support capital investment that boosts productivity in areas such as production or distribution processes, supply chain innovation and new product development. Businesses can apply for capital in the range of £25k to £100k.

Dom Stevens, Destination Chesterfield Manager said “It is great to see further funding available to support local businesses to grow and we would encourage Chesterfield businesses to consider this support.”

Projects must explain how the investment will improve business performance and Sheffield City Region would like to see investment leading to jobs growth.