Eden, Cumbria, The Lake District – A natural choice for business

Finance

Regardless of the amount of financial support your business requires, organisations working across Eden can meet your needs. As well as providing finance, they can also provide the support and advice needed to maximise your business potential.

Eden District Council have partnered with Enterprise Answers, a Community Development Finance Institution, each contributing £250,000 to create a £500,000 pot of money which local businesses can apply to support their growth and development plans.

Find out more about the Eden Business Support Fund.

Cumbria Local Enterprise Paternership, big enough to be effective, small enough to be local, Cumbria Local Enterprise Partnership is determined to build on the county’s strengths to increase Cumbria’s Gross Value Added (GVA) by working together to exploit local talents, building on entrepreneurial culture, implementing new approaches and ensuring that investment and agreed interventions are targeted at the key issues and opportunities

Other sources of Finance:

Big Issue Invest

Big Issue Invest scale-up social enterprises and charities by providing finance, not grants, from unsecured loans to equity investment.

BII is born out of a social enterprise and is led by social entrepreneurs and experienced social financiers who have first-hand experience of setting-up and running profitable social enterprises in both good and difficult times.

Find out more: http://bigissueinvest.com/

Creative England Lottery Production Fund

The Creative England Production Fund is targeted at feature films with budgets of up to £2 million from up-and-coming talent or from established directors looking to experiment with innovative approaches. We're particularly interested in projects from regionally-based filmmakers or which have a strong regional voice.

We are looking to support around three to five features per annum over the next four years, with production awards of up to £200,000 per project.

Value: Awards typically between £50,000 - £100,000 per film.

Find out more: www.creativeengland.co.uk/film/production-funding

Design Council - Business Growth

With four strands aiming to support SMEs, research commercialisation, tech start-ups and exporters, the Design Council's Business Growth programme looks to aid businesses in opening up to new markets, improving and diversifying, and communicating value with conviction.

Find out more: http://www.designcouncil.org.uk/our-services/business-growth

Eden Apprenticeship Scheme Grant

A grant of up to £2,000 towards wage costs for each new apprenticeship. You may also qualify for a further £1,500 from the government. The business must be located in Eden and employ fewer than 250 people.

More information

Fit For Nuclear (F4N)

Fit For Nuclear (F4N) is offering grants of up to £10,000 to companies that want to meet industry standards and compete for work in civil nuclear.

Any English manufacturer employing ten or more staff and with a turnover in excess of £1.6m can apply for funding,

Any company which completes the Nuclear review stage can apply for match funding for business improvement or R&D projects worth up to £10,000.

Dates available: to 31 March 2016

Find out more: www.fitfornuclear.co.uk

Funding Circle

Funding Circle is a marketplace where people and organisations can lend to businesses.

Value: You can borrow between £5k and £1M.

Find out more: www.fundingcircle.com

Manufacturing Advisory Service Grant

If your company is ambitious with the drive to grow, and you have a project in mind that will increase profits, help secure new contracts or create new jobs, MAS could help you pay for it. And make sure you succeed.

You can even choose your own consultant; with the added assurance of a MAS Advisor to guide you both through the process from start to finish.

To find out if you are eligible for funding towards an improvement project visit who we can help, or call 0845 658 9600 and speak to one of our experienced Advisor team.

Value: £300 - £3,000

Find out more: www.mymas.org/resources/grants-funding

Smarta Start Up Loans

Smarta Start Up Loans is your route to government backed funds that have set aside specifically for people starting and growing their businesses.
We offer anyone who has been trading for less than 12 months the chance to access up to £10,000, brilliant mentoring and expansive support to turn a business idea into a huge success.

Value: Up to £10,000

Find out more: https://startuploans.smarta.com/

Start Up Loans

Loans and mentoring for people over 18 years old who are looking to start a business. Backed by the Business Bank.

Value: The average loan is around £6,000

Find out more: http://www.startuploans.co.uk/

Start-Up Loans for Young Entrepreneurs

The Start-Up loans initiative is a government-backed loan fund for over 18s based in the North East and Cumbria who want to start up their own business. When you apply for a Start-Up Loan you don't just get financial help - you'll also get support and advice as you embark on your entrepreneur's journey, helping you turn your great idea into a successful and sustainable business.

Value: Loans available up to £25,000

Find out more: http://startuploansnortheast.co.uk/index.html

Northwest Business Angels

Northwest Business Angels connects young and growing companies seeking investment with investors actively looking for investment opportunities in the northwest.

Business angels can offer:

An equity based finance solution of between £20,000 and £500,000 to start up, expand or help build-up a healthy profit.
A more flexible repayment profile based on success over the long-term not from short-term cash flow regardless of profit.
Strengthening of your management team with experienced and successful people.
Someone to buy a part of your business and share the risk involved with you.

Find out more: http://www.nwbusinessangels.co.uk/home

The North West Fund

The North West Fund provides finance from £25,000 to £2m for businesses based in, or relocating to, the North West of England to start, develop and grow.

Value: £25,000 to £2 million

Find out more: www.thenorthwestfund.co.uk/

The North West Fund for Micro Loans - £25K to £50k

The Fund can lend between £25,000 and £50,000 in a single round.

Businesses must demonstrate a strong case for investment when applying. They should provide a business plan, which must show the business' vision for growth and its ability to service a loan.

The applicant must be able to demonstrate that the provision of funding will assist in creating and / or safeguarding jobs.

Find out more: www.thenorthwestfund.co.uk/funds/micro-loans

The Prince's Countryside Fund

The Prince's Countryside Fund provides funding towards projects operating in England, Wales, Scotland and Northern Ireland that clearly contribute towards one or more of The Prince’s Countryside Fund's objectives.

Find out more: www.princescountrysidefund.org.uk/apply-for-fund/welcome-screen

Women in Business Loan Fund

A dedicated loan fund for female entrepreneurs across the North West region seeking to raise finance to start or grow a business.

Value: Loans of up to £10,000 for new businesses and £30,000 for existing businesses

Find out more: www.bbvonline.net/women_in_business_loan_fund.asp