Grants & Funding
Grants are normally awarded for specific projects or uses and are more often related to specific locations (geographically) or specific business sectors. There are a number of different types of grants, some are for business development, some are for training and local employment opportunities and others are for investment in plant and or machinery. There are also a number of government-backed loan schemes to assist businesses raise finance.
Whether you are a new business, have expansion plans or just wish to take advantage of funding to set up new technology for your organisation, we are able to point you in the right direction.
At Davisons, we work closely with key professionals to ensure you receive quick, efficient and excellent advice. There are many schemes around offering free or funded advice. Davisons keeps abreast of the legislation for grant initiatives to enable optimisation of all the opportunities that arise whether for development or business support.
We have a designated partner, Liz Smith, who reviews the available grants and is in regular contact with all of the main providers. Davisons also work very closely with W D Farm Consultants Ltd. Richard Stanbury is an expert in many rural and agricultural grant applications.
The Government aims to provide more UK entrepreneurs and businesses with the access to finance they need. Further details about the support available for SMEs seeking finance can be found at http://www.bis.gov.uk/policies/enterprise-and-business-support/access-to-finance.
We are in regular contact with a number of grant providers so please get in touch by calling us on 01769 572404 or emailing us at email@example.com or follow the links listed below and go straight to their websites.
West Devon Business Information Point
West Devon Business Information Point produces regular newsletters by email giving updates on grants and funding.
North Devon Plus
For further details on Rural Growth Grants and Leader Funding
Please also see the leaflet below for further details on Leader 5 Funding.
For further details on
Catchment Sensitive Farming
Countryside Productivity Scheme
LED lighting in livestock buildings
Innovate UK (Technology Strategy Board) and R&D Funding for specific priority cases
UK Trade and Investment (UKTI) support
Please see leaflet below for further details.
Countryside Stewardship - Funding for Woodlands
Please see leaflet below for further details on the Woodland Creation Scheme.
North Devon Biosphere
For further details on Water Quality Grants and Woodland Creation Grants
The Energy Saving Trust
The Energy Saving Trust is a useful website covering advice and information on a wide range of topics including energy, water and transport.
South West Manufacturing Advisory Service
Offers advice and support to manufacturing businesses, including process reviews, lean manufacturing, specific production issues and management development and training.
Alternative Loan Providers
Builders Finance Fund
The Builders Finance Fund operates by making direct investment in specific housing development projects through loan funding. For further information:
In instances where banks are unable to provide some or all of the finance required, businesses should consider alternative loan providers such as SWIG Finance which is a not-for-profit company specialising in delivering alternative commercial loan schemes. Its South West Loans Fund can provide loans up to £50,000 over 5 years, and its Regional Growth Fund scheme can lend up to £100,000 over a 3-year term. The funding is aimed at growth businesses with the ability to either create or safeguard jobs.
SWIG Finance also helps start-ups with personal loans of up to £25,000 for business use and has a Microcredit Fund that can lend up to £7,500 across most sectors.
Another scheme aimed at the start-up market is the Fredericks Foundation which is a Community Development Finance Institution. It operates as a charity that provides loans to people who want to set up a new business or expand an existing one, but cannot obtain mainstream finance. Start-up loans of up to £10,000 and expanding business loans of up to £20,000 are potentially available.
‘Crowdfunding’ is a growing area with local representatives in equity, peer to peer lending and rewards based funding platforms. Examples of crowdfunding platforms available include:
Crowdcube is Europe’s largest network of angel investors with two ways to raise finance (Equity – investment in exchange for equity; Mini-Bonds – investment in exchange for regular interest payments).
Folk 2 Folk
Folk 2 Folk facilitate matching the lending of money between lenders (with funds to invest) and borrowers on a monthly interest-only basis for fixed-periods or on a flexible basis.
Funding Circle is one of the UK’s largest peer-to-peer platforms, connecting investors with creditworthy businesses. It offers loans of £5,000 - £1million on terms of up to 5 years.
Crowdfunder projects usually offer a reward in return for a pledge of money. Rewards boost a project’s success because they encourage supporters to increase their pledge amount; therefore making it more likely that the project will be fully funded.