Leeds is one of the best business-friendly places in the UK to start a business. A thriving and innovative economy makes Leeds an ideal place to kickstart your business. However, if you’re looking for funds to set up your business, the Leeds business grant is a viable option.
Have you ever heard of business grants? A Leeds city council grant is a quantity of money the government grants to a firm or individual to assist them in implementing or establishing ideas or projects that will ultimately contribute to societal growth.
Leeds City Council offers a range of Leeds council grants to new businesses for their development. The grant can be of any form and depends on your business needs.
In this blog, you will get to know the eligibility criteria, how to apply for new business grants Leeds, and much more. Let’s get started.
List of Government Grants Available in Leeds
There are various opportunities to get funding for the development of your business. Getting Leeds Council grants is one of them. The grant can help you grow your business without worrying about repaying it. Here is the list of grants you can apply for your small business.
Business Growth Programme
The Business Growth Programme grant is available in the Leeds City Area to help small and medium-sized enterprises expand and thrive. The Leeds City Region Enterprise Partnership (LEP) administers the grant, partially funded by the European Regional Development Fund (ERDF).
Businesses can get £10,000 to £50,000 per grant and can apply for a total of three grants over a period of three years.
Businesses Must Meet the Following Requirements to be Eligible for the Business Growth Programme Grant:
- Be based in the Leeds City Region, which encompasses the cities of Leeds, Bradford, Wakefield, Calderdale, Kirklees, Barnsley, and York.
- Be a small or medium-sized organization (SME), defined as a company with 100 employees and a capital investment of over £50,000, that will create jobs.
- Demonstrate potential for expansion and plans to create jobs in the region.
- Be able to contribute at least 50% of the overall project cost.
How to Apply for Business Growth Programme?
Examine Your Eligibility
Ascertain that your company fits the eligibility requirements for the Business Growth Programme grant. This includes being a small or medium-sized firm (SME) with ambitions to create jobs and exhibit growth potential in the Leeds City Area.
Send Your Indication of Interest
Fill out and send the expression of interest form to the Business Growth Programme team. This form will request basic information about your company, intended project, and match funds.
Assessment
The Business Growth Programme team will review your expression of interest and notify you if your proposal is eligible for funding. If your project meets the criteria, you can submit a complete application.
Complete Application
Complete the entire application form and submit all relevant documentation. This will include information about your project, a business plan, and financial predictions. You will also be required to produce proof of your match money.
Application Link
Contact the Business Growth Programme team to discuss your project and receive an initial expression of interest form. Contact the team through email at businessgrowth@the-lep.com or by phone at 0113 348 1818.
AD:VENTURE
AD:VENTURE is a grant initiative in the Leeds City Area that offers assistance and cash to new and growing enterprises. The Leeds City Region Enterprise Partnership manages the initiative, sponsored by the European Regional Development Fund (ERDF) (LEP)—the AD:VENTURE grant provides qualified firms with up to £25,000 in Leeds city council funding.
Businesses Must Meet the Following Requirements to be Eligible for the AD:VENTURE Grant:
- Be based in the Leeds City Region, which encompasses the cities of Leeds, Bradford, Wakefield, Calderdale, Kirklees, Barnsley, and York.
- Be a new or young business, defined as one that has been in operation for less than three years.
- Have the potential for expansion and the desire to create jobs in the region.
- Able to help at least 20% of the overall project cost.
How to Apply for AD:VENTURE?
Examine Your Eligibility
If you are trying to apply for the new business grants from AD:VENTURE, be sure that you check the eligibility. Apply for the Leeds Council grants if you are eligible for it.
Send Your Indication of Interest
Fill out and send the form to the AD:VENTURE team. This form requires your business details and the funding you are looking to set up the business.
Assessment
The form will review your expression of interest and notify you if you are eligible for funding. If your project meets the criteria, you can submit a complete application.
Complete Application
Complete the entire application form. This will include information about your project, a business plan, and financial projections. You will also be required to produce proof of your match money.
Application Link
If your application is accepted, you must sign a grant agreement and finish your project within the specified timeframe. You will also be asked to produce frequent progress updates and evidence of the grant’s impact on your firm. You can contact the team by email at info@ad-venture.org.uk or by calling 0845 524 0210.
Conclusion
Setting up a business can be a little hectic at times, but grants can be a helping hand to relieve the stress. Our team at Head45 can help you get business start up grants Leeds and help you grow in this digital era.
Our website design Leeds services can help you kickstart your business and our SEO Leeds services can further help you enhance your online presence. Get in touch with us if you want to boost your business and achieve your goals.
