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Grant funding

Grants to help your business grow

#GrowMySME is offering two bespoke grants of up to £2,500 to help cover the cost of working with experts to achieve sustainable long-term growth for your business. By accessing our specialist support, you will be able to:

  • Develop a profitable business model
  • Effectively manage your workforce to improve productivity and performance
  • Boost the success of your marketing and sales activity
  • Diversity your supply chain
  • Develop robust financial strategies
  • Win future funding from investors and lenders
  • Access financial management information systems

Enquire Now

Finance for Growth Grant

Used for any project that requires you to work with a financial advisor, accountant or consultant to aid your business’s ability to access finance and investment that will aid long-term growth.

Example projects are:
  • Working with an accountant or financial advisor to prepare a business plan, financial information, management accounts and forecasts for a loan application
  • Working with an accountant or financial advisor to develop Financial Management Information Systems and strategies to safeguard or grow the business
  • Working with a consultant to develop a marketing strategy or a legal advisor to develop the structure of the company to enable growth
  • Any other project that requires you to work with an accountant, financial advisor or specialist that will make your business more investment-ready and aid its ability to obtain finance

Grants of between £1,000 – £2,500
(Grants cover 40% of total eligible project costs)

Business Growth Grant

Used for any project that requires you to work with a specialist advisor or consultant to aid your business’s long-term prospects for growth.

Example projects are:
  • Working with a consultant to develop business continuity and growth plans for your business
  • Working with an HR specialist to create a workforce management plan for remote working or a return to work strategy
  • Working with a supply chain expert to manage or diversify your supply chains
  • Any other project that requires you to work with a specialist advisor or consultant that will aid your business’s productivity, efficiency, growth, resilience, access to new markets, and create or safeguard jobs

Grants of between £1,000 – £2,500
(Grants cover 40% of total eligible project costs)

Is my business eligible?

Are you an SME?

That’s a business with fewer than 250 full time staff, an annual turnover of less than €50 million OR a balance sheet total of less than €43 million

That trades in the Humber

If you operate in Hull, East Yorkshire, North or North East Lincolnshire.

If you don’t work In these sectors

Agriculture (primary production & processing of agricultural products), Banking & Insurance (inc. brokers), Fisheries & Aquaculture, Steel production, Shipbuilding, Synthetic Fibres, Public Sector or publicly owned organisations.

Financial Difficulty?

Your business must not have been in financial difficulty prior to 31st December 2019. However, if you have experienced financial difficulties since this date, we can still accept a grant application from you, but it must demonstrate that any financial difficulties were a direct consequence of the Covid-19 outbreak.

It’s simple and quick to apply for a #GrowMySME support grant, and we’ll support you every step of the way.

Grant Application

Complete business registration and grant application forms. We’ll ask for some supporting documents too.

These should be completed in collaboration with our advisors who are on hand to guide your through the process.

Grant Appraisal

We appraise your application to check your eligibility and the impact of your project on your business.

We will aim to give you a decision within ten working days. During busy periods we may advise if decisions are taking longer than normal.

Grant Offer

If we approve your grant application, we ask you to sign and return our Grant Offer Letter including the terms and conditions.

Once you have signed and returned the letter to us, you have the green light to proceed.

Project Completion & Grant Payment

On project completion simply provide us with copies of all invoices along with evidence of payment.

We will make the grant payment to you once sufficient evidence is received.

We’ve made it simple to access

We’ve already helped a number of businesses on their way to success and want to make it as simple as possible for you to access support too. If you’re interested in attending a bespoke one-to-one session, taking part in one of our workshops or finding out whether you’re eligible for a business grant, just follow our three simple steps:

Step 1.
Find the right scheme for you

The #GrowMySME programme offers support for businesses through three schemes. Browse this website for more information about each.

Step 2.
Are you eligible?

95% of SMEs in the Humber region may be eligible to access support. If you’re a business with under 250 full-time equivalent employees you should fit the bill.

Step 3.
Enquire now

Simply complete an Expression of Interest and we’ll check your eligibility for you. One of our advisors will then be in touch to find out how we can help.

Enquire Now

Is your business eligible?

As a minimum, your business must:

  • Be trading in the Humber area – Hull, East Riding of Yorkshire, North East Lincolnshire, North Lincolnshire
  • Have less than 250 full-time equivalent employees
  • Have a turnover of less than €50m or a balance sheet of less than €43m

If eligible, SMEs will be able to apply for all aspects of the #GrowMySME programme.

Enquire Now
Region map

Want to find out more or chat about how we can help?

To find out more about the range of services, events and grants that the programme offers, contact us on our enquire now page or give us a call.

Finance for Growth, ICT for Growth and the Business Growth Scheme are supported by the 2014 to 2020 European Regional Development Fund Programme. These schemes are delivered by HEY Growth Hub and Hull City Council, in partnership with East Riding of Yorkshire Council, North Lincolnshire Council, North East Lincolnshire Council and e-factor Group Ltd.