Selective Finance for Investment in England (SFI)
Type
Size
Area
Target
Availability
Grant
Minimum grant of £10,000
Assisted areas - North East England
Businesses with projects involving capital expenditure leading to productivity improvements and the creation of new or safeguard jobs
On-Going
What type of funding does it offer?
Support is discretionary and based on need.
Size of Deals
The minimum grant is £10,000. Funding is negotiable but is typically circa 15% of the total project capital cost, e.g. expenditure on fixed assets such as property, plant and machinery, subject to criteria on productivity, job numbers and quality.
In which area is the fund available?
SFI is available in assisted areas (described as Tier 2 and Tier 3 areas) of the North East of England. Support in Tier 3 areas is restricted to small and medium sized businesses and lower grant support levels may apply.
Who can apply?
Businesses considering investment projects which involve capital expenditure on fixed assets which create or safeguard employment and which generate productivity improvements.
Where can I get more information?
One NorthEast
Riverside House
Goldcrest Way
Newburn Riverside
Newcastle upon Tyne
NE15 8NY
Tel: 0191 229 6200
Fax: 0191 229 6201
Email: businessfinanceteam@onenortheast.co.uk
Website: www.onenortheast.co.uk
Supporting Documents and Downloads
Selective Finance for Investment in England (SFI) [pdf]
(27 KB)
