New Anglia LEP drives growth and enterprise across Norfolk and Suffolk. Our ambition is to transform the local economy into a global centre for talent and innovation. A key part of that is funding and supporting businesses that want to invest and grow from start-ups and SMEs to large businesses. We also help fund major infrastructure projects across the two counties.
Our flagship programme where small and medium sized businesses who are looking to grow and create new jobs can apply for grants between £25,000 and £500,000. There is also a small grants scheme which offers grants between £5,000 and £25,000.
New Anglia LEP is responding to the current downturn in oil and gas prices though the introduction of two schemes to support the sector. The long term objective is to restore participating companies to a position of stability/sustainability, and ideally to set a growth trajectory. The key aim is to help each participating company to survive the current downturn. Participating companies that meet the eligibility criteria will be able to access grant aid, so they can bring in specialist support to help their company.
New Anglia Local Enterprise Partnership’s Growing Places Fund provides loan-funding to help kick-start and support development projects across Suffolk and Norfolk. The Growing Places Fund has already committed over £17m on capital investment projects such as housing and commercial developments across the East, helping create an estimated 5,000 new jobs and 2,000 new homes as well as boosting skills and opportunities. A specific three-month call has been launched for funding from £500,000. The deadline for applications is September 19th 2016.
New Anglia LEP and partners have secured ten new Enterprise Zone sites for Suffolk and Norfolk. These are in addition to the six existing sites on the Great Yarmouth and Lowestoft Enterprise Zone which launched in April 2012. Enterprise Zones offer benefits to business including; discounts on business rates, simplified planning and superfast broadband.
A new co-investment fund where businesses and entrepreneurs can pitch to angel investors for 50% of the risk capital to kick-start new products and launch innovative ideas.
Business Growth Programme
The Business Growth Programme is delivered by New Anglia LEP in partnership with Nwes, Menta, Suffolk Chamber of Commerce and Suffolk County Council. The programme is part funded by the European Regional Development Fund. The Programme includes the following schemes:
The Growth Hub is your one-stop-shop for business support and funding advice. Access to free face-to-face business advisors, an online information portal and telephone helpline for businesses and entrepreneurs who are looking for a simple and easy route to business advice and finance options.
The Micro Grants Scheme offers grants between £1,000 and £10,000 to Micro, Small and Medium sized businesses wanting to grow and expand, improve their productivity or efficiency or introduce a new product or service.
New Anglia’s Start-up programme supports individuals during pre-start stage and businesses during the early trading stage.
Funding programmes delivered by partners
The Agri-tech Growth Initiative helps local businesses within the sector to invest in new markets, improve productivity and the progression of research and development. The programme is available across the Eastern area and is managed by Greater Cambridge Greater Peterborough Local Enterprise Partnership.
Suffolk and Norfolk provide a range of services for businesses which are interested in locating in Suffolk or Norfolk.
To find out more about the benefits of locating your company in Norfolk and the support that can be provided click here.
To find out more about the benefits of locating your company in Suffolk and the support that can be provided click here.