Here you can find our funding opportunities that are currently open for applications as well as information on potential funds that may be available in the future. If you are looking for information on a previous funding call you can find that information https://www.gov.uk/european-structural-investment-funds
Business looking for other funding or advice? Our Growth Hub HowsBusiness.org is the place for you.
We currently have a call open for Skills Capital Funding. You can access information about the call HERE—
Growing Places Funding
The LEP’s Growing Places Fund provides investment for capital infrastructure projects that aim to create economic and employment growth. Projects invested in are those that deliver against the LEP’s objectives and which are ready to proceed but have stalled due to funding issues.
Growing Places is operated as a revolving fund so investment is, principally, made on a loan basis with returns re-invested into further projects.
All proposals will be diligently assessed through a technical appraisal looking at the Strategic, Economic/Market, Financial, Commercial and Management business cases for investment that encompasses a set of criteria which includes:-
•The contribution the project makes towards the LEP’s strategic objectives and priorities;
•The level of job creation facilitated;
•The impact of the project on the wider economy;
•The ability to repay the loan finance provided with interest;
•The achievement of value for money;
Proposals going forward will be considered by a LEP Board Member Investment Panel for investment decision.
Due to the success in recycling funds from original investments made, the holding fund balance is currently £2,092,111.
Let’s Grow – North and East Yorkshire
Let’s Grow North & East Yorkshire is a LEP funded business grant programme, administered by the BE Group.
The fund was established with £2 million of investment from the LEP’s Local Growth Fund. The Fund provides grants to businesses in North & East Yorkshire to encourage investment which will create new jobs or safeguard existing jobs.