Access to funding - Invest to Grow
Invest to Grow is a £16m programme designed to support private sector businesses, predominantly in the form of loan funding, to grow and create jobs.
- Grants or loans - according to the needs of the business - are available for up to 30% of the cost of investment to help create long term sustainable job growth. The business has to find at least 70% of the project cost.
- Minimum award size is £15k, so the minimum project cost is likely to be £50k. Maximum award size is £1m.
- The programme is aimed at growth sectors such as Transport Equipment Manufacturing, Life Sciences, Construction, Food & Drink Manufacturing, Logistics, Low Carbon, Creative Industries and Visitor Economy.
- The project must be located in the East Midlands.
For further information please download our Invest to Grow frequently asked questions factsheet FAQ Invest to Grow May 2016
Please note that if you are a business based within the Derby Travel to Work Area (TTWA) you should approach Derby City Council about the availability of funds from the Derby Enterprise Growth Fund (DEGF) in the first instance. To find out if your business is based in the TTWA please refer to the Derby City Council TTWA Map. Further information on the DEGF