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Business Finance
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Business Finance
EEDA manages a number of business finance schemes designed to help businesses in the region start up and grow. These include grants to help you prove your market or expand your business and a range of loans to support business growth.
You can learn more about EEDA's package of financial support for businesses by visiting our dedicated Finance for Business website
EEDA's business finance schemes include:
Grants:
- Proof of Concept - grants up to £20,000 to define and quantify the market opportunity for a business
- Grants for Research and Development - grants from £5,000 to £250,000 to help businesses carry out research and development work
- Grant for Business Investment - grants from £10,000 to £2 million to establish, expand, diversify and modernise your business.
Loans:
- Small Loans for Business - small loans of £500 to £50,000 for start-ups, SMEs and social enterprises
- EEDA Regional Loan (Transition) - short term loans of £100,000 to £150,000 for businesses turning over more than £1 million
- EEDA Regional Loan (Growth) - long term loans of £50,000 to £200,000 for growth businesses.
Other:
- Understanding Finance for Business - EEDA's understanding finance for business programme will help you understand and access the most appropriate form of finance for your business
- Innovation Vouchers - designed to help businesses purchase academic expertise from the region's universities to support innovation and business improvement.
If you have looked through the various options available and you are not sure whether they meet your needs, contact Business Link on 08457 17 16 15 or visit the Business Link website for a free and impartial assessment of your specific funding needs.
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