Finance Support

Finance Support

Need financial assistance?

We provide FREE independent support and signposting to new and existing businesses and to individuals who have an idea for a business but do not know where to start with the financial side of things.

British Business Bank 

British Business Bank is a government-owned business development bank dedicated to making finance markets work better for smaller businesses.

Whether you’re looking for finance to start a business, grow to the next level, or stay ahead of the competition, they deliver greater volume and choice of finance.

The Start up, Scale up and Stay ahead programmes may help to steer you in the right direction. 

A range of current business funding opportunities can be found by visiting the British Business Bank website here. In addition to this, Doncaster Council offers its own discretionary grant for companies looking to invest and create jobs.

Start-up businesses

We provide support in accessing finance for your business, present the opportunities available now and in the future and assist with the development of a case for grant funding, loans, equity or consultancy support.

Whether you are a new start business or have been trading for less than 2 years, Finance for Enterprise can support you with a Start Up loan.

To learn more visit finance-for-enterprise.co.uk or call 0333 014 3455. 

Established businesses

Our Key Account Managers understand how complex the world of finance can be when you are looking to invest and are here to offer support and hands on guidance to assist and help you manage your business finances.

We offer help with any aspect of business finance and work closely with national, regional and private sector partners to pull together the right funding package for your business. Our comprehensive support also includes:

  • Business health checks
  • Investment readiness
  • Cash flow forecasting
  • Understanding business finance options
  • Access to finance - traditional and non-traditional

Available funding

Click on the headers below to find out more about current funding opportunities.

Decarbonising Doncaster grant to assist Doncaster businesses reach Net Zero

This grant scheme could help Doncaster Businesses reach their net-zero aspirations in line with the UK Government targets and the Climate Emergency declared by Doncaster Mayor, Ros Jones. 

Any SME business can apply for this grant worth up to a maximum of £3,000 and can use it to develop decarbonisation initiatives that will help your business become “greener” and ultimately a more environmentally aware organisation.

For further information or to submit an enquiry simply email Business Doncaster: info@businessdoncaster.com.

Applications will close on 30 September 2022.

Applications for the fifth round of DIG funding will open at 09:00 Monday 4th of July 2022, and will be open for two weeks before closing at midnight Friday 15th of July 2022.

The Digital Innovation Grant (DIG) programme supports Small and Medium-sized Enterprises (SMEs) in South Yorkshire to develop their use of digital technology. By exploiting digital technologies, businesses can access new markets, promote their products and services more effectively and develop new cost-effective ways of working.

The scheme will enhance the digital capabilities of SMEs by raising the confidence of SMEs in using digital technology and will support them to increase their levels of productivity and competitiveness to achieve business growth.

DIG will be delivered through a competitive process, rather than first come first served. Following a call for applications, completed applications will be assessed for eligibility then ranked according to a number of economic and inclusive growth indicators. The grant funding will be available for up to 50% of the value of an investment, with a minimum award of £1,000 up to a maximum of £5,000.

Applicants can apply via a web portal that will manage the process from start to end and give clarity to both the applicants and Barnsley Metropolitan Borough Council, allowing all parties to see where each application is in the process and its current status.

The Grant Assessment Panel will assess applications by Friday the 5th of August, and applicants should receive their acceptance/rejection confirmation by Friday the 19th of August.

It is planned that applications will open again in September 2022 and November 2022 at the discretion of BMBC and subject to available funding. Future calls for applications will also be open for two weeks.

Small businesses in and around South Yorkshire will soon benefit from a new Low Carbon Business Support Project, which will offer help in identifying, funding, and implementing measures to reduce energy consumption and carbon emissions.

The project will be delivered to businesses in South Yorkshire and is part funded by the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. 

Running until June 2023, the £2.3m funding will provide support to over 250 Small and Medium-sized enterprises to help them understand the opportunities available to reduce their carbon footprint.  The project aims to create a Reduction in Greenhouse Gases (GHG) equivalent to 450 tonnes of CO2, as well as increase long-term profitability for businesses.

Businesses will have access to free energy audits to identify potential energy saving improvements such as low-energy lighting systems or improvements to heating, 1-1 support from specialist business advisors and low-carbon grants  to part fund the improvements.

For further information please call 01302 735555 or email: info@businessdoncaster.com

The Internationalisation Fund is part of a package of support available to SMEs through DIT and provides co-investment of between £1k and £9k to help SMEs overcome tangible barriers to internationalise their business and enter new markets.

The fund, supported by the European Regional Development Fund (ERDF), provides £38m in co-investment split across four regional projects, The Northern Powerhouse Internationalisation Fund, Midlands Internationalisation Fund, South Internationalisation Fund and London Internationalisation Fund.

To secure a grant, you'll need to fund a proportion of your costs yourself. This varies according to where your business is based and will be either 40 or 50% of the total cost.

The Fund is currently available throughout England except Cornwall & Isles of Scilly, which has its own similar scheme. Applications for businesses in London have now closed.

The Business Productivity grant aims to support businesses in South Yorkshire to improve their productivity through the provision of capital or revenue grant, and to improve how they measure and report productivity gains.

The grant will provide 50% of funding for projects up to £24,999. The maximum grant that can be awarded per business is £12,499. The other 50% must be provided by you, the applicant.

Whilst the project is initially looking to safeguard businesses and jobs, priority will be given to those applicants that can best demonstrate how the investments will have a positive impact on productivity and the creation of potential new employment opportunities in South Yorkshire.

Please contact Business Doncaster 01302 735555 or email: sharon.finch@doncaster.gov.uk

Helping small and medium businesses realise their potential

The Northern Powerhouse Investment Fund is an initiative launched by the government-owned British Business Bank providing commercially focussed finance through micro finance, debt and equity finance funds. 

If your business has a funding gap, the Northern Powerhouse Investment Fund may be able to help you start up, scale up or stay ahead.

It is a key part of the Government’s ‘Northern Powerhouse’ vision, which aims to help reduce the North/South divide and create economic prosperity in the North of England on a par with London and the South East.

The Government firmly believes that smaller businesses (SMEs) form the foundation of the region’s future growth. NPIF, therefore, aims to nurture regional entrepreneurship by providing investment and support for SMEs. The funding will support new and growing SMEs, create jobs and encourage and attract additional private-sector investment.

Delivered by the British Business Bank, NPIF aims to drive sustainable growth and prosperity across the North and to enable the transition to a net-zero economy, by supporting access to finance for smaller businesses.

There are three types of commercial finance: microfinance, debt finance and equity finance. These funds provide funding options designed to plug common gaps in the provision of finance, giving your business access to the funding it needs to help it grow. 

The funding options are:

Microfinance - small business loan - £25,000 - £100,000

Debt Finance - business loans - £100,000 - £750,000

Equity Finance - early stage or late stage equity funding - £50k - £2m

If you are a business looking for finance support please call: 03330 00 00 39 or email: growthhub@southyorkshire-ca.gov.uk

For more information contact Sue Harrison

Last updated: 30 June 2022, 10:46