Business Growth Programme

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.

Get in touch for advice or support

Get in touch with our Business Growth Service and we can help you find the right support for your business needs. You can call us on 0113 348 1818 or email us for more information.

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

Overview

Our grants are for small and medium sized businesses that 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.

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.

Complete the enquiry form

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

Multiple applications:

  • The maximum number of applications that can be approved for a single business is capped at three in a three year period. If you have already had three projects approved, you will not be able to apply for further support until the three years has lapsed.
  • The maximum grant that can be approved for a single business over a three year period is £250,000. This could be in one single grant award, or two or three smaller grants which total £250,000. If you have already had £250,000 in grant support you will not be able to apply for further support until the three years has lapsed.
  • If you are unsure about whether this affects you, please contact the LEP Growth Service who will be able to advise you.

Inclusive growth:

As part of the LEP’s commitment to delivering inclusive growth that benefits everyone, we have introduced new measures to encourage businesses to maximise their positive impact on the region.

If you receive a grant of £25,000 or over, you will be expected to make additional inclusive growth commitments. There are lots of different ways businesses can get on board, from volunteering in a local school to becoming a real Living Wage employer.

Additionally, businesses receiving a grant of less than £25,000 are encouraged to volunteer to undertake an inclusive growth commitment.

The LEP and its network of partners can help you to access several products and services that will help businesses to take these positive actions. Initial guidance and advice on these commitments are available here.