Get the best from this site

We would like to place cookies on your computer to help us make this website better. For more information, including how to turn cookies off, see more about cookies. Or simply continue below:

Continue

Business support in Coventry

Grants and loans

MTC 2 men inspecting cog

Grants

Funding is available and we are accepting expressions of interest.

Grants will be awarded to eligible projects on a first come first served basis.

If you are interested in obtaining an expression of interest form, can you please email business@coventry.gov.uk with the following details:

  • Company Name
  • Contact Name
  • Email Address
  • Contact Number
  • Business Activity
  • Brief description of proposed investment  

A business advisor will get in touch with you to discuss further. 

For an investment project to receive financial support you will need to show that you are creating new jobs by spending money on capital items such as:

  • new premises or expansion of existing premises
  • new equipment and processes 
  • research and development

We will work with you to consider investment proposals and find the best scheme for you. So if you are developing plans that lead to new jobs and/or increased business rates, we strongly recommend that you contact us so that we can guide you through a straightforward application process.

The formal part of the process starts with you completing an expression of interest form that tells us about your project and how much financial help you need.

If all is well we will support you to complete a formal application for the right fund. Once received we will carry out a thorough economic assessment of each application, considering:

  • Investment readiness - how quickly can the project proceed?
  • Value for money - in terms of public sector investment for each new job created
  • Fit - with CWLEP strategy and local priorities
  • Additionality - could the project happen in the absence of public sector investment?

All grants must be compliant with State Aid Rules. We will work with you to make sure these rules are met.

Coventry and Warwickshire Business Support Programme

Coventry & Warwickshire businesses are encouraged to apply for the Investment Fund grant under the Business Support Programme funded through the European Regional Development Fund (ERDF). Applications for the Investment Fund are welcomed from all sectors except retail and are available to established and new start-up businesses needing financial assistance.

The Coventry and Warwickshire Business Support Programme assists Small Medium Enterprises (SME) with fewer than 250 employees are encouraged to apply for the fund; in particular companies looking to purchase capital assets, for example, machinery or equipment, hardware/software, refurbishment, or looking to purchase new premises – benefiting from up to 30% of grant to cover the costs of the investment.

Coventry and Warwickshire Innovation Programme

The Coventry and Warwickshire Innovation Programme provides a range of support is on offer including grants to SMEs in Coventry & Warwickshire who are developing innovative products and services involving emerging technology. 

Coventry and Warwickshire Green Business Programme

The Coventry and Warwickshire Green Business Programme will help you to save money on your energy bills and make the most of low carbon opportunities.

Loans

The Coventry and Warwickshire Reinvestment Trust (CWRT) is a "not for profit" specialist financial institution providing loan finance to individuals and businesses which are unable to obtain some or all of their finance from high street banks. They offer:

  • Start Up Loans of up to £25,000 supported by the government, and
  • Commercial loans from £1,000 to £75,000

For more information, please contact CWRT on 024 7655 1777.

Support and advice

  • General enquiries and to establish if you may be eligible for assistance.
  • Expression of interest form - if you have identified a specific investment project that may be suitable for financial support.
  • Open4Community is a user friendly database which has been specifically designed to allow organisations in Coventry to conduct their own online grants search. The service is easy to use, free of charge and provides information on over 4,000 funding opportunities.
  • Business Rates Your business may be eligible for business rates relief.
  • Planning  For planning and building regulations information.

Business Investment Team - Parmy Singh

Email: parmy.singh@coventry.gov.uk

Tel: 024 7683 1368

Floor 7
Civic Centre 4
Much Park Street
Coventry
CV1 2PY

Is there anything wrong with this page?