Financial Assistance

Investors in the Sheffield region have access to some of the most generous and inclusive grant regimes in the UK. 

Assistance could include (subject to eligibility):

• capital investment (tax offset)
• research & development
• exporting
• collaboration
• training
• environmental

Regional Growth Fund Round 3

Background

As set out in the original proposal to Government; the SCR LEP is committed to supporting existing businesses to increase their competitiveness, productivity, exports and innovation. 

Despite recent measures designed to stimulate business investment we know that lending remains depressed, investment plans are on hold and growth forecasts are tentative. It is therefore essential that we make the most of government initiatives – such as the next round of Regional Growth Fund (RGF 3). 

RGF 3 has now been formally launched by Government. The focus of the fund is to support projects and programmes that lever private sector investment, create economic growth and additional sustainable employment. We understand how difficult it is for SME’s to access RGF support however, working with Economic Development professionals across the region, we will support companies with robust plans for growth to access the next wave of RGF 3 funding.

Deadline for application is 13th June 2012. For more information, click here.

Sheffield City Region Enterprise Zone

The SCR Enterprise Zone combines tax breaks, reduced planning restrictions and super-fast broadband. The Modern Manufacturing and Technology Growth Area (MMTGA) will be made up of several key sites linked by the M1 corridor.

The SCR enterprise zone offers a business discount rate worth up to £275,000 over five years for firms that move into the area over the course of this parliament and there will be enhanced capital allowances for plant and machinery available within the zone to qualifying projects.