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Funding

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Funding

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Funding

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Funding

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Funding

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Funding

Funding

SEMLEP is responsible for securing and overseeing the spend of two main sources of growth funding for the South East Midlands: The Local Growth Fund (Growth Deal) and European Funding. Through our Growth Hubs, we provide advice and information on access to finance and grant programmes to support businesses wanting to invest, innovate, expand and grow local jobs.

Local Growth Fund

The Government awarded a total of £265million to the South East Midlands SEMLEP area from 2015 to 2021 for capital projects to support growth. The Local Growth Fund invests in 35 projects that increase jobs, learner numbers, or opens up land for employment space or homes.

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European Funding

The South East Midlands was allocated £117million* from the 2014-20 European Structural Investment Fund (ESIF) Growth Programme. This programme invests in projects that promote growth, jobs and social inclusion. It comprises European Regional Development Fund, European Social Fund and European Agricultural Fund for Rural Development.

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Funding for Businesses

SEMLEP’s Growth Hubs can advise and direct you to appropriate finance and funding options for your business. Through European funding, there are a number of projects that provide funding to assist SME competitiveness and growth.

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Growing Places
Fund

In 2012, SEMLEP was allocated £18.7 million to provide loans in response to competitive bids from public and private sector bodies to invest in infrastructure to deliver growth. With the integration with NEP, SEMLEP has taken responsibility for NEP's GPF allocation of £5.8m.

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Regional Growth
Fund

SEMLEP secured £1.75m from the Regional Growth Fund to develop and deliver business support, including grants for through Velocity Growth Hub. SEMLEP also manages NEP legacy high-performance technology RGF programme, 54 projects were supported with £2.1million. This funding stream is now closed.

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Latest News

  • EXPORT WEB WEEK

    EXPORT WEB WEEK

    22nd June 2018

    The Department for International Trade is hosting 15 webinars from 16-20 July to give you the opportunity to tap into expert knowledge and advice from the comfort of your desk. Interested? Visit... Read More »

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