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Funding & Grants

The Humber LEP – Business Loan Fund

The Humber Local Enterprise Partnership’s Business Loan Fund provides loans to businesses to help get stalled development projects off the ground.

It is designed to unlock capital projects that have the potential for job creation and can quickly deliver tangible economic outcomes through providing additional capital investment.

The aim of the loan fund is to support development projects which have a significant economic impact and support sustainable job creation.

The fund is allocated by the Humber LEP’s Investment Panel which comprises private sector business leaders.

The Humber LEP - Growing the Humber

Humber Local Enterprise Partnership’s Growing the Humber is a scheme offering business investment grants to help grow SME businesses in the Humber area.

Through the provision of additional investment, it is designed to unlock projects that will create jobs and can quickly deliver tangible economic outcomes.

Find out more

Information relating to current eligibility and application processes can be found in the Growing the Humber Programme Overview and more detailed Programme Guidance below.

Businesses should submit an Expression of Interest if they wish to be considered for funding. The How to Apply link below will take you to a separate page containing further information, full programme guidance and a link to the online expression of interest form.

How to apply


Sirius is a BIS registered Enterprise Agency, and also a fully accredited Community Development Finance Initiative.  Based in Hedon, Sirius offers free advice and business loans for local people setting up a business in the area, or to expand an already successful business in Hull and the East Riding of Yorkshire.

Whether you are just considering an idea, or you have fully researched your new business and are ready to launch, the Business Advisors at Sirius are there to help.   Whether it’s a 'butcher, a baker or a candlestick maker', the Sirius staff  know how important the 'big step' into self-employment is to you, and really would like to help you to become successful.

 If you are considering starting up your own business, make Sirius your first 'port of call', and take advantage of their wealth of expertise in our area.  Just telephone  (01482) 890 146 for your initial appointment.  Sirius has also been awarded 'Customer First' quality status – ensuring  that the staff strive to give you the best possible service at all times.

For more information

Northern Powerhouse Investment Fund (NPIF)

NPIF is a collaberation between the British Business Bank and ten Local Enterprise Partnerships in the North West, Yorkshire, Humber and Tees Valley and provides commercially focussed finance to help SME’s start and Grow.

If you are an entrepreneur, a start-up or SME located in the North of England the NPIF fund could provide the funding you need to help your business realise its potential.

We combine £400 million of UK ERDF and European Investment Bank funding to help businesses in the region to scale-up and become a successful part of the government’s Northern Powerhouse vision.

We offer three different funding options designed to plug gaps in the provision of commercially available finance.

The three packages are:


  • Small business loans
  • £25,000 – £100,00
  • For new or growing businesses to support working capital needs.

Debt Finance

  • Business loans
  • £100,000 – £750,000
  • For early stage or more established businesses that can demonstrate growth potential

Equity Finance

  • Early stage and later stage equity funding
  • £50,000 – £2 million
  • For established businesses with ambitious plans or large scale start-ups with high growth potential

Two organisations have been recruited to manage the funds in the Humber region

How to apply

Manufacturing Growth Programme

The grant is funded by the European Regional Development Fund (ERDF) to support the costs of working with an external expert/coach of your choice to implement a pre-agreed Growth/Improvement Action plan.

The Manufacturing Growth Programme Grant scheme 

The Manufacturing Growth Programme (MGP) provides free advice and support to manufacturing SMEs to help:

  • Identify opportunities and create plans for growth and improvement
  • Work with the best external experts to implement those plans
  • cover 35% of the cost of implementing the plans through a growth/improvement grant
  • Connect to wider support to maximise opportunities for growth

What the MGP means for manufacturing SMEs 

If you are an SME manufacturer, the Manufacturing Growth programme provides many advantages for you, including:

  • An independent business review to identify opportunities for business improvement and growth
  • A detailed action plan guiding you through the process of improving your business
  • Access to matched industry experts to provide consultancy and/or coaching tailored to your needs
  • Access to grants to co-fund your growth/improvement project

How you can benefit 

By joining the Manufacturing Support Programme, you can benefit from:

  • Insight into the risks/issues and opportunities for your business, helping you better plan for the future
  • Understanding of what needs to be done to make improvements
  • Work with new expertise to make bring about real development
  • Reduced cost, helping you make the changes you need sooner

How do you get involved? 

If you are a manufacturing SME interested in growing and meet the eligibility rules (see reverse), get in contact with your local MGP team for a free, no-obligation Manufacturing Review and Action Scoping Session. You will then be guided through the rest of the process by a dedicated Manufacturing Growth Manager.

The Programme Detail – what you need to know about how it works and what the rules of engagement are 

Who can apply? 

To apply you must be:

1. an SME as defined by the EU definition. This means your company or group of companies must have:

a. Fewer than 250 employees
b. A turnover less than or equal to €50 million OR
c. A balance sheet total less than or equal to €43 million

2. A manufacturer, defined as:

“A business that engages in any economic activity directly related to a product or production process they have researched, designed or produced, or otherwise hold core intellectual property in.”

If you are unsure if you meet this definition, please get in touch with your local MGP team.

3. Able to demonstrate the intention to grow/improve – (through creation of increased turnover, increased jobs and/or introduction of new products/services/processes)

Businesses operating mainly in the following sectors are unfortunately not eligible:

  • fishery and aquaculture
  • primary production, processing and marketing of agricultural products
  • coal, steel and shipbuilding
  • synthetic fibres

How much grant can be claimed and what can it be used for? 

The grant is funded by the European Regional Development Fund (ERDF) to support the costs of working with an external expert/coach of your choice to implement a pre-agreed Growth/Improvement Action plan. An average project value of £4,000 of support would attract a 35% Grant contribution (Minimum grant applications accepted: £350). Larger grants may be considered for exceptional cases (subject to panel approval) for projects demonstrating significant job/new product growth and higher level of applicant contribution (ie >65%).

The scope of the Growth/Improvement plan will be specific to each applicant’s growth needs and will be agreed in advance with our Manufacturing Growth Manager. It will typically cover:

  • Expert consulting/coaching input – to analyse, recommend and support implementation of a Growth/Improvement Plan
  • Associated other expenditure specifically related to achieving a Growth/ Improvement objective (eg small equipment, preparation for accreditation costs etc)

Grant supported Growth/Improvement projects must be completed, paid and claimed for within 4 months of grant confirmation.

SME beneficiaries are at liberty to select any consultant/coach of their choice provided they can evidence adherence to EU procurement rules requiring them to invite a minimum of 3 quotations for the work and justify value for money in their selection.

For more details contact Neil Harriman 

How to apply

Green Port Hull

Green Port Hull has a grants  programme to support  businesses in the renewable energy, green technology, engineering and low carbon sectors, with investment projects that will increase productivity, skills and employment.

Applicants must show that they need financial help for the project to go ahead. The minimum grant available is £10,000 and will be administered by Hull City Council.

The grants can be used for projects to:

  • Launch a new business
  • Modernise, expand or re-organise an existing business
  • Upgrade a business by introducing innovative new technology or processes
  • Take a new product from development to production


Businesses of all sizes can apply for the grant, but large companies can only apply if the investment project is located within an Assisted Area. For small and medium-sized companies, all areas of Hull and the East Riding of Yorkshire are eligible.

However, there are some restrictions:

  • The European Commission restricts aid to certain sectors such as the steel industry and certain types of shipbuilding.
  • Areas of the local economy which are already fully served, as support could lead to overcapacity and displacement of jobs.
  • Projects which offer purely a local consumer-type service.
  • It will be necessary to demonstrate that a grant will be required for the project to proceed.

Grant funding cannot be applied for retrospectively.

Additional Funding Streams

The Green Port Growth Business Support Strand can offer smaller grants for other types of projects. For further information please contact:

Dawn Hall, Green Port Growth Business Support East Riding of Yorkshire Council. Tel: (01482) 391622 Email:

Finance for bespoke R&D projects are available through the R&D Support & Fund. For further information please contact:

David Wells Offshore Wind Sector Specialist & Green Port Growth RDI Strand Lead University of Hull Tel : 01482 465764 / 07713 081458 Email :


For further details about the Green Port Business Investment Grant programme contact:

Richard Lowther, Hull City Council Tel: (01482) 613098 Email:

More details of the funding can be found on the Green Port website -

Goole Development Trust

Goole Development Trust (GDT) is social enterprise which helps with the economic, social and environmental regeneration of Goole and the surrounding area. 

As a not for profit company GDT offers a range of loans for new and existing businesses with all profits being reinvested into the community.

More information 

European Structural and Investment Funds

The latest calls for European Structural and Investment Funds (ESIF) in the Humber are now open for applications from organisations proposing to deliver projects that meet the call criteria. The funds include funding from European Social Fund (ESF), European Regional Development Fund (ERDF) and European Agricultural Fund for Rural Development (EAFRD).

The live calls are posted on the Government’s website –

More information about the ESIF programme can be found here – European Structural and Investment Funds Strategy 

Growth Hub

You can find out about other sources of funding on the Growth Hub website – Business Growth Hub


E-factor is dedicated to supporting local businesses, large and small with quality, professional and meaningful advice and guidance. Whether it is around a specific issue such as HR or Finance, or more general such as business growth or marketing, their qualified and experienced Business Advisors are on hand to help.  E-factor also connects businesses with finance and funding opportunities.

Funding and Finance

Why do you need finance?

You may be in the process of setting up a new business, trying to raise working capital to allow your business to grow, wanting to invest in plant and equipment, land or refurbishing a building. Our qualified advisers can point you in the right direction and offer impartial advice on the best options available.

What options are there for raising finance?

The most suitable finance option for your business depends on many things, including:

  • how much funding you need
  • your current business revenue or if you’re a new business
  • whether or not you’re willing to offer personal assets as security – this can make it easier to get funding but is risky if you’re not able to maintain payments
  • whether or not you own a business property – this can make it easier to get funding
  • whether or not you’re willing to sell shares

 Are you eligible for any grant support?

This very much depends on the stage of development of your business and what type of expenditure you are looking for grant support towards. Grants are delivered through various regional and national government channels and are part of a constantly changing landscape which our advisors can advise you on.

What we can do for you?

Whether you are looking to raise funds for your business through loan funding, the sale of shares or by applying for business grants, there is always a certain amount of paperwork required, not least of which is a comprehensive business plan.

With many years’ experience dealing with the development of business plans and helping clients apply for finance and funding, our SFEDI qualified advisers can help you identify the right option and assist with the completion of your application forms and supporting documentation. 

To find out how we can help you secure the funding you need for your business, contact us today on 01472 252780 or send an email to

Click here for more information

Apprenticeship Grant – Employer Incentive

You can get help from the government to pay for apprenticeship training.

The amount you get depends on whether you pay the apprenticeship levy or not. You pay the levy if you’re an employer with a pay bill over £3 million each year.

If you don’t need to pay the levy

You pay 10% towards the cost of training and assessing your apprentice. You need to:

  • agree a payment schedule with the training organisation
  • pay them directly for the training

The government will pay the rest (90%) up to the funding band maximum. They’ll pay it directly to the training organisation.

You could be eligible for extra funding depending on both your and your apprentice’s circumstances.

If you pay the levy

You’ll receive funds to spend on training and assessing your apprentices. The government will add 10%.

How to apply

Acorn Fund

Acorn Fund is a registered community development finance initiative formed to provide financial support for businesses who are unable to raise finance from traditional sources.

Chamber Acorn Fund (Humber) Ltd is a not for profit company, limited by guarantee and a fully accredited Responsible Finance Provider.

Since its inception in 2004 Chamber Acorn Fund (Humber) Ltd has:

Supported 1,500 Businesses
Created 4,000 jobs

Grown our local economy by £150 million

The Fund was initially sourced from government neighbourhood renewable money in partnership with Hull City Council and now has funding from various sources including the European Regional Development Fund

Let's Grow North & East Yorkshire

£2 million Local Growth Fund programme

The programme provides grant support for capital investment projects that will create new, sustainable jobs in North Yorkshire, the City of York and the East Riding of Yorkshire. Grant support is available for business expansion and diversification and is designed to help firms to expand their operations or to set up new establishments in the region.

Let's Grow North & East Yorkshire is a £2 million Local Growth Fund programme managed by the BE Group in partnership with Clive Owen LLP.

The programme provides grant support for capital investment projects that will create new, sustainable jobs in North Yorkshire, the City of York and the East Riding of Yorkshire.  Grant support is available for business expansion and diversification and is designed to help firms to expand their operations or to set up new establishments in the region.

Let's Grow is aimed towards manufacturing businesses and service sector businesses offering more than a local service.  Grants are available to businesses of all sizes, with higher levels of support available to SMEs.  The programme operates under strict State Aid rules, so non-SMEs will only be eligible by exception – please speak to one of our advisers.

The programme supports projects of £33,000 or more which will be completed by March 2020.  Projects must meet the eligibility criteria of the programme and are also judged on their levels of impact and value for money.

Grants of £10,000 to £1,000,000 are available and the levels of support we can offer range from 10% to 30% of the eligible project expenditure.  The level of support offered in each case will be determined by factors including the location of the project, the type of expenditure involved, the size of the company and the level of job creation.

To be successful, applications must:

  • Create or safeguard sustainable jobs within the applicant company
  • Offer good value for money in terms of value of grant per job created
  • Make a clear case for needing grant support
  • Have adequate private sector funding for the project
  • Comply with State Aid regulations

How to apply

Please complete the Expression of Interest form and return it to us by email.  


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