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Funding for Business

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Funding for Business

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Funding for Business

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Funding for Business

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Funding for Business

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Funding for Business

Business Finance & Funding

If you're looking for finance and funding options for your business, the best place to start is by contacting SEMLEP’s Growth Hubs. They can advise and direct you to appropriate options to meet your specific needs.

Growth Hub

Contact the Growth Hub for advice on and signposting to a range of business funding providers.

Find out more

Growth Hub

Contact the Growth Hub for advice on and signposting to a range of business funding providers.

Find out more

Midlands Engine Investment Fund

The Midlands Engine Investment Fund (MEIF), established by the British Business Bank, aims to support fast-growth businesses looking to expand into new markets and boost productivity, supporting job creation.

The £250million MEIF is the result of collaboration between the British Business Bank, the Department for Business, Energy and Industrial Strategy (BEIS), the Ministry of Housing, Communities and Local Government (MHCLG) and 10 local enterprise partnerships, including SEMLEP. It brings together new and existing funding from Central Government, the European Regional Development Fund (ERDF), British Business Bank and European Investment Bank (EIB).

Finance options available via the MEIF include:

  • small business loans valued between £25,000 and £150,000.
  • debt finance worth between £100,000 and £1.5million individual placements.
  • equity finance of between £50,000 and £2million.
  • equity proof of concept – early stage equity finance of up to £750,000.

For more information about the fund, visit

SEMLEP’s Growth Hubs work directly with the British Business Bank to offer free investment-readiness workshops for businesses looking to get finance. These workshops cover the wide spectrum of finance offers available for SMEs. For more information on these or to sign up, contact the Velocity Growth Hub team on 01234 436 123 or email

Grants for Businesses - Through European funding programmes

There are European funding programmes still available for eligible businesses in the South East Midlands to apply for. We advise all businesses to contact the Growth Hub for information about grant funding opportunities. The Growth Hub can advise you on the relevant funding programmes available that meet your specific business needs and provide details about eligibility criteria and application processes.

A selection of available funding programmes include:

  • The European Agricultural Fund for Rural Development (EAFRD), also known as RDPE. This provides grant funding for eligible rural businesses. Find out more...
  • Rural businesses in eligible areas can also apply for grants via the LEADER programme. This is led by the Department for Environment, Food and Rural Affairs, and managed through local Action Groups.
  • Projects part-funded through the European Structural Investment Fund (ESIF) assist innovation, business growth and development. These projects provide specialist assistance to small and medium-sized businesses. Some projects may also provide grant funding for eligible businesses.

For more information on these projects click on the link below and select the European Regional Development Fund projects.

Growing Business Projects

Projects available across the South East Midlands that support SME growth and competitiveness.

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