UK Government Support

Each year the Department of Trade and Industry (DTI) invests over £400m on direct business support.  There are nine DTI schemes tailored for business support, which are designed to meet different stages of a firm's development and growth.

One NorthEast's Business Finance Team is responsible for delivering and administering two of these business support products, which are:

Selective Finance for Investment in England

• Who is it for? - All businesses located in, or considering relocating to, one of the region's Assisted Areas
• What does it provide? - A grant towards a project’s capital cost, subject to criteria on productivity, job numbers and quality, and need.

Grant for Research and Development

• Who is it for? - Small businesses with an innovative product or technology.
• What does it provide? - A grant to help businesses carry out R&D that could lead to a technologically innovative product or process.

Further information on other DTI schemes can be found at their Business Support Solutions website

For help and advice on other types of business support available, contact Business Link North East via http://www.businesslinknortheast.co.uk.