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Funding

"The extra funding has helped us launch our new Hydromask product into the aerospace and engineering sectors and create two new jobs and apprenticeship opportunities"

Managing Director, Andrew Keir
Hydromask

Local Growth Fund

Deadline for project applications 13 June 2016

Government announced a third round of Growth Deals in its March 2016 budget with a further £1.8billion of Local Growth Fund available for LEPs across the country to bid into.

NEP has joined forces with South East Midlands Local Enterprise Partnership (SEMLEP) to bid for a slice of the funding which would further boost the South East Midlands economy which includes Northamptonshire.

For this round of Local Growth Deals the government is encouraging ambitious projects which will include investment from business leaders alongside public contribution. NEP and SEMLEP will be seeking transport, infrastructure and skills projects to put forward to government; projects that are both ambitious and innovative and which will help increase growth and create new jobs and homes across the area.

LEPs across England have been given until 21 July 2016 to submit a programme of project proposals to government, therefore we are now encouraging applications to come forward. Potential projects must be submitted to SEMLEP using a bespoke pro-forma by no later than 13 June 2016.

In line with the LEP Assurance Framework submitted projects will be appraised and prioritised to form a joint SEMLEP and NEP programme for the growth deal. Consultants, Ekosgen, has been appointed to provide an independent appraisal of project proposals and support the development of a strong bid to Government.

Ekosgen will also be offering guidance to potential applicants prior to the deadline covering the following areas:

-          The pro-forma assessment and prioritisation process and requirements of the pro-forma

-          Strategic alignment of the proposals with LGF Round 3 and NEP/SEMLEP priorities

-          Options for assessing net economic impacts and wider impacts

-          The Value for Money Assessment

-          Demonstrating project management and deliverability and a consideration of delivery risks

If you would like to take up this offer, contact Daniel Lindsay with a brief overview of your project proposal and details of the issues that you would like to discuss. 

For an initial discussion on projects in the Northamptonshire area, contact Cathy Martin on 01604 609385 or Sajeeda Rose on 01604 609541.

The country’s 39 LEPs have shared £7.3 billion from the government’s growth fund deals since 2015. 

Across both Growth Deals, NEP has been allocated £63.5 million to support infrastructure across Northamptonshire. Currently, 11 projects are being supported, enabling much needed improved access on the main arterial roads within Northamptonshire, improved educational facilities and leading to the creation of jobs and new homes.

STW Funding

Sir Thomas White’s Northampton Charity 

FINAL round of £1,000 careers grants for Northampton’s young people 

New locations added. Applications are now welcome from - Harpole, Kislingbury,Rothersthorpe, Milton Malsor, Grange Park, Quinton, Preston Deanery, Little Houghton, Brafield-on-the-Green, Cogenhoe, Ecton, Sywell, Overstone, Moulton, Boughton, Chapel Brampton, Church Brampton and Harlestone.

Grant funding of up to £1,000 is available to support young people in Northampton to enter employment or improve their career prospects. The grant funding, which is being managed by NEP on behalf of Sir Thomas White’s Northampton Charity, will provide help towards the costs of relevant training focusing on skills and career development.

The programme is specifically aimed towards careers in the following sectors: Logistics, Construction, High Performance Technologies, Creative & Cultural Industries and Food & Drink; however applications for training courses or skills development in other sectors may also be considered.

Click here to learn more about NEP’s key business sectors.

Application criteria

These grants are available to young people aged between 16 and 34 years who have been resident in the Borough of Northampton for at least the past five years. Before applying, please check your address falls within the boundaries of Northampton Borough Council by clicking here.

Funding can be spent on any recognised qualification which will help individuals progress a career or begin a new career path (priority will be given to those skills relevant to the key priority sectors mentioned above). Additional costs relating to the training such as course materials/equipment may also be considered.

Additional criteria:

  • Applications will be accepted from individuals only and not from businesses or training providers
  • Applicants must not have started or committed to training prior to application approval
  • Applicants must provide evidence of other funding contributions towards total costs if applicable
  • Applicants are limited to one grant per year
  • Applications will be considered on a case by case basis and there is no guarantee of approval

APPLICATIONS ARE NOW CLOSED.

Background

Sir Thomas White was born in 1492 and was an English cloth merchant, Lord Mayor of London in 1553 and a civic benefactor and founder of St John's College, Oxford.  Sir Thomas worked extensively in the clothing industry and gave benevolently to education throughout his life.

Following his death in 1567, Sir Thomas’ estate bequeathed a small fortune to buy land. Each year, profits from renting the land were to be given to young men in Leicester, Coventry, Nottingham, Warwick and Northampton to set themselves up in business or provide education.

Invest to Grow

Invest to Grow – access to funding

Invest to Grow is a £16.35m programme of Regional Growth Fund (RGF) monies designed to support private sector businesses across the East Midlands to innovate, grow and create jobs and is available to businesses in the East Midlands including Northamptonshire.

Grants or loans, according to the needs of the business, are available for around 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.

For further information and to apply, CLICK HERE

£5.8m Growing Places Fund

The Growing Places programme is a revolving infrastructure fund designed to kick-start stalled housing and commercial developments and support economic growth.


The Growing Places fund is an essential measure to realise the nation’s ambition for continued housing and economic growth. NEP was allocated £5.8m to direct towards targeted investment in pieces of infrastructure which unlock development, bring forward stalled sites and create new commercial floorspace and housing across the county.

NEP has invested funding in a variety of projects across the county, supporting a mixture of highways infrastructure improvements, regeneration of redundant buildings for commercial use, construction of new education facilities to support housing development and opening up new commercial and housing land for development through enabling site access.

Expressions of Interest have been invited for schemes which are currently stalled or in development and which can be supported and brought forward with investment from the Growing Places programme. In particular, these schemes needed to demonstrate how they bring forward housing and/or commercial development, supporting economic growth and leading directly to job creation in the county.

Projects considered are those that support economic growth and business expansion through investment in capital machinery or those not yet ‘shovel ready’ to overcome final barriers to detailed feasibility, site investigations or planning through supporting some of the capital costs associated with this stage of project development.

For further information, contact Cathy Martin HERE or phone 01604 609393.

Notes

The Growing Places programme is a revolving infrastructure fund, allowing the recycling of funding for reinvestment of future schemes. Projects are considered on a loan, joint venture or other repayable mechanism basis. Applications for non-repayable (grant) funding are not considered unless they deliver exceptional outputs or exceptional value for money.

HPT R&D Investment Programme

£4 million for HPT network

In December 2013 NEP in partnership with South East Midlands Local Enterprise Partnership (SEMLEP) secured £4 million for the local High Performance Technology (HPT) Network to support business growth and jobs creation.

The HPT R&D Investment Programme supports businesses based in Northamptonshire and the adjoining South East Midlands area with grants of up to £1million to undertake innovative large-scale research and development activity. The programme will lever £12 million in private sector investment and create 500 jobs by March 2018.

NEP and SEMLEP worked together to secure the £4million for businesses local to both LEPs from Round 4 of the Government’s Regional Growth Fund (RGF). The RGF supports projects that help leverage private sector investment to create economic growth and sustainable employment.

The deadline for applications has now closed.

SUE Fund

Through the Growth Deal, NEP secured over £26m of Public Works Loan Board (PWLB) funding to utilise towards unlocking constraints within Northamptonshire’s Sustainable Urban Extensions (SUEs) and large housing sites to accelerate housing delivery.

Applications were invited for schemes which are currently stalled or in development which can be supported and brought forward with investment from the Unlocking SUEs Fund, a key mechanism for supporting the ambitious economic growth of Northamptonshire and an integral part of the county’s Strategic Economic Plan (SEP). The scheme has now recently expanded to include large housing sites of over 200 houses.

Eligibility criteria

Applicants to the fund were advised to note the following application criteria that projects must:

- Be deliverable in the short-term (i.e. start on site within 12 months of application)
- Be able to demonstrate that they will accelerate housing delivery and bring additional
  leverage
- Be secured and have a viable mechanism for repayment
- Have a long-stop date (maximum of ten years) by when the investment must be repaid

Each project needed to demonstrate the direct outputs it will generate that relate to economic and housing growth. In particular, projects needed to demonstrate that they will:

- Deliver and unlock new housing units
- Match investment through other public/private finance sources
- Create new apprenticeships

The outputs of each project are assessed against the investment required to determine its value for money.

Further information

For further information about how to apply for SUEs funding, contact Sajeeda Rose, Chief Operation Officer, NEP on 01604 609393 or email sajeeda.rose@northamptonshireep.co.uk or to download an application pack, please click here.

 

The deadline for submissions (second call) has now passed.



INV-ENT CCI

Due to increased financial pressures, Northamptonshire County Council is no longer able to proceed with the current INV-ENT funding round and has withdrawn funding with immediate effect.

Despite the UK economy starting to pick-up, public services are still under enormous financial pressure, with the County Council being more seriously affected than many other public sector organisations because of the way it is funded and the services it provides. 

We realise that this is disappointing news for applicants, but in the current financial year, 2015-16, the County Council has to achieve £68 million of savings. Since the July INV-ENT launch, it has been necessary to identify further funding reductions to meet this very challenging savings target. 

We understand the considerable time, effort and energy that goes into completing applications, and the disappointment caused when funding is no longer available.

We are fully committed to exploring other opportunities for funding, and will keep Northamptonshire businesses fully informed as opportunities arise.

Support is also available through Northamptonshire Growth Hub on 0844 556 0101. 

Locate

Up to £20,000 to move your business to Northamptonshire.

LOCATE was an initiative offering grant funding of up to £20,000 to existing businesses wishing to either relocate or expand their business by moving to Northamptonshire. 

However, the last call for applications has now closed with no further rounds likely to be announced in the near future. Due to increased financial pressures, Northamptonshire County Council is no longer able to offer LOCATE grant funding round and has withdrawn the programme with immediate effect.

Despite the UK economy starting to pick-up, public services are still under enormous financial pressure, with the County Council being more seriously affected than many other public sector organisations because of the way it is funded and the services it provides. 

We realise that this is disappointing news for potential applicants, but in the current financial year, 2015-16, the County Council has to achieve £68 million of savings.

We are fully committed to exploring other opportunities for funding, and will keep Northamptonshire businesses fully informed as opportunities arise.

In the meantime, we're always keen to hear from businesses thinking of moving to Northamptonshire, so please do contact us using the details below to see if we can help.

Further information

For further information about moving to Northamptonshire, contact Jonathan Nunn, Internationalisation Manager, NEP on 01604 609393 or email jonathan.nunn@northamptonshireep.co.uk

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