Delivered by Business Durham in partnership with UMi Commercial and RTC North, the scheme offers a selection of grants for eligible businesses, covering both capital expenditure and consultancy funding. If successful, you could receive funding of up to 40% of your expenditure up to a maximum grant of £200k for capital projects and £10k for consultancy projects.
Capital grants
Eligible expenditure includes plant, machinery, equipment, premises and fit-out works
Total funding pot of £3.3m
Grants available of between £10k and £200k
Maximum grant of 40% of eligible expenditure but the actual amount awarded will be assessed based on the need for grant argument and impact in terms of job outputs, productivity improvements and decarbonisation benefits.
Job creation and job safeguarding will be taken into account when assessing job impacts
Lighter touch process for grant requests of less than £50k
Revenue grants
Eligible expenditure is based on the costs associated with the engagement of specialist third-party consultants. This could include forecasting/business planning, financial and operational systems consultancy, marketing, social media, video and animation, HR, web/app development and many other forms of third-party consultancy.
Total funding pot of £700k
Grants available of between £1k and £10k at a fixed intervention rate of 40%
Range of outputs including job creation/safeguarding, productivity improvement and decarbonisation benefits.
Hybrid grants
Simplified route for combined capital and revenue-based projects with a grant request of under £50k
Eligible expenditure can be a mix of capital and revenue, with a £10k cap on the revenue element of the project