Supporting businesses in the city region to grow is a major part of Sheffield City Region’s work, and our Business Investment Fund has £52million to invest in businesses that demonstrate growth or the potential to grow. Funding commitments of £41.9 million have been made to date to help businesses unlock investment in activity that helps their business to grow, become more productive and recruit new employees.
The Business Investment Fund includes a contribution from the Government’s Local Growth Fund resources which is part of the Government’s continued investment in the Northern Powerhouse.
Businesses already operating in the SCR can find out more about how to access the fund through the Sheffield City Region Growth Hub. Businesses looking to invest for the first time in the region can find out more about the support we can offer from our specialist SCR investment team at www.scrinvest.com.
The Business Investment Fund is a notified state aid scheme, details of the scheme can be found here.
A list of awards made through the Business Investment Fund scheme which are over €500,000 value can be found here.
SCR LGF allocation: £52m