Grant funding for SME in Coventry and Warwickshire is now available and we are currently accepting expressions of interest.
Grants will be awarded to eligible projects on a first come first served basis.
If you are interested in finding out about what support is available to you, please email [email protected] with the following details:
A Business Development Advisor will be in touch to discuss your idea, provide advice and guidance and consider options available including your eligibility for funding under the current schemes.
In order to receive financial support, you will need to show that you are creating new jobs by spending money on capital and revenue items such as:
We will work with you to consider your 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 the application process.
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:
All grants must be compliant with State Aid Rules. We will work with you to make sure these rules are met.
Grants are available from the following programmes:
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. The fund supports SMEs looking to purchase capital assets such as machinery or equipment, hardware/software, refurbishment, or the purchase of new premises.
SMEs can benefit from up to 30% grant to cover the costs of the investment.
The Coventry and Warwickshire Innovation Programme provides a range of support to SMEs who are developing innovative and new to the market products, services or technologies.
The programme can provide funding to support a range of expenditure that will help advance research and development activity.
Grants of up to £50k are available. SMEs can benefit from up to 30% grant for eligible* capital costs and 50% of eligible* revenue costs for the project.
*Eligible costs are broadly those incurred with an external supplier including the purchase of capital assets, market research, design work, prototype development and manufacturing, testing and acquiring intellectual property.
The Coventry and Warwickshire Green Business Programme will help you to save money on your energy, water, waste and material bills and make the most of low carbon opportunities. Energy and resource efficiency grants up to £50k (with 40% intervention) are available to SMEs who are looking to save carbon by investing in LED Lighting, More Efficient Machinery, Insulation Renewable energy such as solar PV etc.
The Technical Assistance programme is part funded by European Structural and Investment Funds (ESIF) and provides support to prospective ESIF applicants and projects within Coventry & Warwickshire. It facilitates the development of a strong pipeline of projects for each Thematic Objective.
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:
A new way to help finance capital investments by local businesses. It combines public sector grants and loans to give you financial flexibility and ensure that your project proceeds successfully. For further details please download the programme leaflet or visit: https://www.cwrt.uk.com/duplex
For more information on Loans and Duplex, please contact CWRT on 024 7655 1777.