Invest to Grow Derby

Are you looking for funding to grow your business? 

The University of Derby delivers an Invest to Grow fund which is available to SME’s across the East Midlands that are expanding and planning to create new jobs.  This funding has been sourced from the Government’s Regional Growth Fund.

 

Invest to Grow is a programme designed to support private sector businesses across the East Midlands to innovate, grow and create jobs. The programme aims to generate economic activity by investing in enterprise growth and to promote the creation of new jobs and the safeguarding of existing jobs. It is intended to be a re-circulating finance scheme to ensure sustainability beyond the duration of Regional Growth Fund.

Invest to Grow is a fund of last resort. Projects will need to demonstrate that all other avenues of support and funding have been explored and why Invest to Grow funding is vital to the project going ahead. All projects will be required to demonstrate that funding support will achieve one or more of the following criteria:

 An increase in the size of your company activity i.e. more jobs, employees etc, due to the fund’s investment
 An increase in the scope of your company activity due to the fund’s investment
 An increase in the amount of money spent on your company activity due to the fund’s investment
 An increase in the speed in which you deliver your company activities due to the fund’s investment
 That the project delivered through this fund would not have taken place without support.

Who can apply?
Small and medium sized enterprises (SME’s), social enterprises as well as sole traders and partnerships located in the East Midlands.

A fact sheet has been produced to answer many of the questions relating to eligibility which can be viewed at  Invest to grow FAQs-August-2016

Companies interested in applying for funding should download a copy of the Expression of Interest Form and return the completed form to: investtogrow@derby.ac.uk

Further information, please visit: http://www.derby.ac.uk/business-employers/access-to-funding/

Or alternatively, contact the Invest to Grow team on: 01332 597907 or investtogrow@derby.ac.uk

RGF