Finance & Funding

Check out our video on AD:VENTURE Growth Grants

FINANCE AND GRANT FUNDING

Finance Brokerage & Grants
As new and young businesses will require finance to grow, AD:VENTURE will offer a variety of financial support including access to grants and loans.

You’ll be given impartial advice to help you decide what the best finance option for you and your business really is. You’ll get support from your advisor on finance brokerage and assistance navigating the funding landscape, helping you achieve your growth goals.

Business Enterprise Fund

The Business Enterprise Fund (BEF) is a social enterprise that supports small businesses with flexible finance to help them thrive and grow.

Start Up Loans Overview

BEF are Delivery Partner for the Government’s Start Up Loans Programme. Start Up Loans are designed for emerging and growing businesses from pre-start to 2 years trading.

£500 to £25,000 per director, (£100,000 maximum per business)
Personal loan – unsecured
6% fixed interest
Loan term up to 5 years
No penalty for early repayment
Mentor support on offer in 1st 12 months

Northern Powerhouse Investment Fund Loans Overview

The Business Enterprise Fund manage the Northern Powerhouse Investment Fund’s Microfinance Fund for Yorkshire and the Tees Valley. These loans are perfect for businesses purchasing equipment, employing staff or scaling up.

Up to £100,000 unsecured loans
Interest rates between 8% and 18%
Flexible terms and no early repayment penalties

AD:VENTURE GRANTS

Watch our video on AD:VENTURE Growth Grants

Start Up Grant

Grants available between £1000 and £2500
Designed to cover the start-up costs
Not available for running costs or working capital
100% of the start-up grant will be awarded upon satisfactory completion of the investment supported and businesses will be required to contribute 50% of eligible costs

Growth Grant

Grants available between £2500 and £25,000 for business aged between 12 and 36 months.
Grants are aimed at capital investment.
Encouraging and supporting growth and job creation.
75-90% of the business growth grant will be awarded upon satisfactory completion of the investment supported
Businesses will be required to contribute 50% of eligible costs