Shropshire Business Grants

Shropshire business grants, loans and incentives

Latest list as at June 2015 - click here to download [PDF]

European funding to support Tourism Projects within the Marches

Date posted: August 2015

The new RDPE Growth Programme has launched a call for project proposals. The call invites applications for investment in rural areas that will support the development of visitor attractions, tourist information, recreational infrastructure and small scale infrastructure. Grants will help rural businesses and communities seeking to invest in recreational and small scale rural tourism infrastructure.

Read More »

New Government Growth Voucher Scheme

Date posted: February 2014

Apply for your Growth Voucher for up to £2,000 worth of professional advice.

The Government has launched a £30 million research programme to test the value to small businesses of accessing professional advice. The subsidised business support will be delivered in the form of randomly allocated Growth Vouchers, enabling businesses to receive a 50% subsidy towards the cost of obtaining advice on 5 key topics that help businesses to grow:

  • Cash flow and finance
  • Recruitment and developing staff
  • Improving Leadership and Management
  • Marketing, attracting and keeping customers
  • Making the most of digital technology

The Government will match your spend up to a maximum value of £2,000.

Businesses looking for advice can apply to the programme online where you will be randomly assigned to an online questionnaire or face-to-face business advice assessment.

Some businesses will be randomly chosen to get a voucher for up to £2,000 to help pay for business support in one of these specialist areas. You'll have to match the amount with your own funds. You can then find a Growth Voucher adviser to work with on the Enterprise Nation Marketplace - Shropshire Tourism are approved Growth Voucher advisers and you will find us on this website! As qualified and experienced marketers, business and IT professionals, we would love to be your chosen advisers. What happens if you aren't allocated a voucher? - we are still here to help. Please do not hesitate to contact us on 01743 261926 or email Claire: cowen@shropshiretourism.co.uk

Banks Assistance to Flood Damaged Businesses

Date posted: February 2014

If your business has suffered from recent Flood and Storm damage and you need financial assistance, regardless of who you bank with, contact NatWest for information about their UK Storm Business Fund. Telephone 0800 529 8544. Click here for PDF.

Eureka Moment!

Date posted: February 2014

Could your business benefit from having a Eureka moment?

Innovation often means different things to different people. However, it doesn’t have to involve substantial investment or expensive equipment and is not just for multinational companies. Innovation can be achieved through knowledge and inspiration, with people who can help you view your business in a completely different way and provide the route to success.

Find out how your business might be able to benefit from a free audit and potential funding to drive innovation forward in your business.

Find out more about Eureka! http://shropshire.gov.uk/eureka-moment/

Sign up to receive updates and details of workshops at www.shropshire.gov.uk/eureka-moment/news/

Oswestry B&B Grant Scheme

Date posted: August 2013

B&B accommodation in Oswestry and the surrounding area can apply for a grant of up to £5,000 to support capital expenditure such as additional bedrooms, structural alterations to improve access, installation of lifts, en-suite facilities and installation of wi-fi and broadband. B&Bs wishing to apply for the funding are expected to request the minimum amount of grant needed to deliver the project and provide match funding from their own sources. Up to 50% grant is available, and the maximum grant initially available is £5,000. Applicants will need to demonstrate that the accommodation will be DDA (Disability Discrimination Act) compliant and application forms can be collected from Oswestry Town Council.

In total £75,000 is being made available to town B&Bs through the Oswestry Market Town Revitalisation Programme, with an additional £40,000 made available to B&Bs in the surrounding area, which is being jointly funded by the Oswestry Market Town Revitalisation Programme and the Rural Challenge Fund. The focus of this grant scheme is to improve B&B accommodation (new and existing) in the area and, in particular, to increase the number of bedrooms available so people can stay overnight.

For further information please contact Susan Coleman, Business Support Officer at Shropshire Council on 01743 252597, email: susan.coleman@shropshire.gov.uk

Graduate Placement Scheme

Date posted: February 2013

A European funding scheme is now available to enable businesses (SME's) located in Shropshire to access funding to support the employment of a graduate. The funding would pay 45% of the cost of the salary and the SME would be expected to pay the remaining 55%. The graduate with the relevant skills would be matched up to the SME depending on what specific project the SME wanted to deliver. The SME would have to have a finite piece of work or project that was needed to improve the businesses performance. For more information and definition of SME please see the website: www.shropshire.gov.uk/graduateplacements

Please click here for more information.

To discuss your eligibility please contact:

Amy Preece, External Funding Officer, Shropshire Council Telephone: 01743 252545 Email: amy.preece@shropshire.gov.uk

The Business Enterprise Fund

Date posted: November 2012

The Business Enterprise Fund has grants available for small and medium sized businesses in Herefordshire, Shropshire, Staffordshire and Telford & Wrekin.

Grants for start- up businesses are £1,500 and £5,000 for existing businesses. The scheme is available until December 2014.

For more information please click here.

Loans available for SME's

Date posted: July 2012

The Marches Local Enterprise Partnership has announced a new loan scheme. For businesses in the Shropshire and Telford & Wrekin local authority area, the respective councils are now running a fund with Impetus - the region's community development financial institution (CDFI) to provide a certain level of loans to their businesses.

CDFIs were developed under the previous Regional Development Agencies to address the issue of access to finance for small and medium sized businesses in the £1,000 to £50,000 loan sizes. Through Shropshire Council's agreement, the Council's own funding of £1million is being matched by Impetus (with other external funding) to create a total additional pot of 2million available for Shropshire businesses over the next four years.

A separate agreement between Telford and Wrekin Council and Impetus has also been signed and will support fledgling businesses and social enterprises.

For more information please click here.

£1.5m grant scheme opens for business

Date posted: March 2012

The Marches Redundant Building Grant Scheme was officially launched in March 2012 and will see small businesses and start-ups in Herefordshire, Shropshire and Telford & Wrekin given grants to bring unused buildings back into productive economic use.

The project was given £1.5 million as one of 176 successful bids to the Government's
Regional Growth Fund. The bid was endorsed by the Marches Local Enterprise
Partnership and will be administered by Herefordshire Council. It is hoped the scheme will create around 300 jobs between now and March 2017.

The project will support other wider LEP issues as well, helping to regenerate market towns, retain and re-use historic buildings and enabling business expansion. It will also provide an incentive for businesses considering relocation to the Marches region.

There is grant support available of between £3,000 and up to £50,000 for a maximum of 30 per cent contribution towards the project cost. Businesses interested in finding out more about the scheme or wanting to speak to the RBG team about their project can contact 01432 260662 or email rbgscheme@herefordshire.gov.uk

60 million grant scheme announced by Defra

Date posted: March 2012

The £60 million Rural Economy Grant (REG) has been established in response to the findings of Defra's Rural Economy Growth Review (launched in November 2011), which identified that large grants (of £25,000 up to circa £1 million) are needed in key business sectors to unlock significant rural economic growth potential - including tourism.

Click here to see the details and click here to download their Appendix of guidance for Rural Tourism Projects.

Please note that Stage 1 (The Outline Application ROUND 1) needs to be submitted by 5.00 pm on the 30th April 2012.

For information about other grants or potential sources of funding for your business, click here.

Please also remember that you can call Shropshire Tourism on 01743 261919 at any time for business, IT and marketing advice and support. We are here to help!