New grant fund launched for Derbyshire businesses

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New grants of between £2,000 and £50,000 available to Derbyshire Dales business will be explained at a morning workshop in Bakewell on 25 October.

Organised by Derbyshire Dales District Council, the workshop at our Bakewell Agricultural Business Centre will explain how the new Derbyshire Business Support Grant Scheme (DBSGS) can assist business growth.

The event will also feature 1:1 sessions with fund holders and Derbyshire Dales Business Advice Service to discuss potential projects. The advice service is part of the D2N2 Growth Hub and funded by the District Council and European Regional Development Fund.

Managed by Derby City Council on behalf of Derbyshire councils, the new grant scheme aims to support business projects that improve productivity, technology, systems, supply chains and skills development.

Capital and revenue funding is available towards costs such as expansion into larger premises, fit-out costs, research and development, consultancy and training.

The grants – up to 50% of eligible project costs – are subject to state aid rules and available for sole traders, partnerships, limited companies and social enterprises where sustainable future income is proven, which are liable or will be liable to pay business rates. The total funding pot is limited and businesses are therefore advised to apply early.

Information will also be available at the workshop on other schemes currently available, including the Derby Enterprise Growth Fund, available to businesses in Derby and Derbyshire, and Peak LEADER.