Bank finance and commercial borrowing are one way to finance the growth of your business, however grants, loans and other types of business funding are also available from the LEP. We also work with other partners for even more finance options for your business. In this section, you'll find information about some of the main types of funding available to help you grow.
Grants of between £10,000 and £250,000 are available for small and medium-sized businesses in the Leeds City Region, looking to grow their business and create new jobs.
Loans of £500,000 to £1 million are available for businesses in the Leeds City Region to invest in capital projects. You must be able to provide £3 of private sector investment for every £1 of funding.
The LEP has partnered with MarketInvoice to help fund local businesses, using their outstanding invoices. You can get an advance from £5,000 up to £3 million.
Businesses can access business loans, leasing, invoice or trade finance from over 80 banks and alternative lenders by preparing one finance application. In association with Finpoint and PwC.
The Northern Powerhouse Investment Fund could provide loans and equity finance of between £25,000 - £2 million to help your business realise its potential.
Loans of between £500 and £150,000 are available for start-ups and existing businesses that have been turned down by high street banks.
Investment and business loans ranging from £15,000 to £2 million are available for small and medium-sized businesses who have evidence of successfully developing their business.
Investment of between £2 million and £10 million is available for ambitious entrepreneurs who are running growing UK companies, for a minority stake in your company.
Advice, business loans and mentoring are available for start-ups and businesses that have been operating for less than 12 months. Loan size will be determined by your business plan.
Loans of up to £150,000 are available across a range of sectors, for businesses and enterprises that deliver a positive social or environmental impact.
Flexibly structured loan finance between £200,000 and £1 million is available to support ambitious social enterprises across the UK.
Please contact our business growth team to find out more about support and funding in the Leeds City Region - call 0113 3481818 or email BusinessGrowth@the-lep.com.
Not sure where to start? Don't worry. Just get in touch with our business growth team and we can help you find the right support for your business needs.
0113 348 1818