lep grants

We typically provide grants of between £10,000 and £250,000 to small and medium sized businesses who are based in the Leeds City Region, or planning to invest here.

OVERVIEW

Our grants are for small and medium sized businesses who will use the funding for capital investment in fit-out and refurbishment of buildings, plant, machinery and equipment, creating permanent jobs in the Leeds City Region.

We also consider applications from larger companies under certain circumstances. Please contact us on BusinessGrowth@the-lep.com to discuss your project.

AM I ELIGIBLE?

Your business must:

  • Be based, or looking to locate, in the City Region, which includes the local authority areas of Barnsley, Bradford, Calderdale, Craven, Harrogate, Kirklees, Leeds, Selby, Wakefield and York
  • Have been established for at least 12 months and must operate from commercial premises
  • Operate in the City Region’s key growth sectors and/or their direct supply chains: specifically health and life sciences, digital and creative industries, low carbon and environmental industries, manufacturing, financial and professional services or business to business services
  • Generate the majority of its turnover from trading with other businesses, or, your application must demonstrate how the grant-supported project will lead to this. Businesses engaged in retailing or providing localised business to consumer services are not eligible for grant support
  • Have private finance available: either your own, from a bank, or other commercial finance to invest alongside the grant (please note: the minimum total project cost is £50,000 - therefore you must have at least £4 of private sector finance to invest for every £1 in grant)
  • Demonstrate financial viability of the project and the need for grant support

Your project must:

  • Consist of capital investment in equipment and/or, fit-out and refurbishment of buildings. (Please note: refurbishment or renovation projects will only be supported where you will be the sole occupier within the refurbished or renovated business property)
  • Create at least one new job for every £7,500 - £12,500 of grant received, with the higher level of grant only available for jobs paying above the Real Living Wage (currently £9.00 per hour)

Funding available:

In accordance with State Aid rules, you can apply for a maximum grant of between 10% and 20% of your project costs, depending on the size of your business (10% for businesses with between 50 and 249 employees and 20% for businesses with less than 50 employees)

For example:

If you have 20 employees and a total project cost of £250,000 the maximum that you can apply for is £50,000

If you have 80 employees and a total project cost of £250,000 the maximum that you can apply for is £25,000

Inclusive growth:

As part of the West Yorkshire Combined Authority and Leeds City Region Enterprise Partnership’s (LEP) commitment to deliver inclusive growth that benefits everyone, we have introduced new measures to encourage your business to maximise its positive impact on the region.

If you receive a grant of over £50,000, you will be expected to make additional commitments. Examples include:

*The University of Huddersfield has a project that supports businesses with supply chain activity

The expected commitment will vary depending on the level of grant awarded:

  • For grants from £50,000 - £99,999, you are expected to agree to two or more of the additional commitments
  • For grants from £100,000 - £249,999, you are expected to agree to three or more of the additional commitments
  • For grants of £250,000 or above, you are expected to agree to four or more of the additional commitments, one of which must be paying staff the Real Living Wage

The LEP, and its network of partners, can help you to access a number of products and services that will help you to take these positive actions. Initial guidance and advice on these commitments is available from the LEP Growth Service on 0113 348 1818 (businessgrowth@the-lep.com  / www.the-lep.com/business)

To get some background on our approach to inclusive growth click here.

How to apply

Please complete our enquiry form to check if your project is eligible. Our team will contact you within five working days to discuss your project or provide guidance on completing the application form. 

Alternatively, you can contact our business growth team here at the LEP on 0113 3481818 or BusinessGrowth@the-lep.com to find out more. 

Case Study

Sweet taste of success for York chocolate maker
27th May 2015

Sweet taste of success for York chocolate maker

A family artisan chocolate business is planning further expansion after securing a grant to invest in new manufacturing premises.

Read More

Business support and finance

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.