Financial support is available to drive growth and enterprise across Norfolk. New Anglia LEP provide funding for businesses that want to invest and grow from SMEs to start-ups.
New Anglia LEP also help fund major infrastructure projects. The Growing Business Fund is a flagship programme, where small and medium sized businesses who are looking to grow and create new jobs can apply for grants between £25,000 and £500,000. There is also a small grants scheme which offers grants between £5,000 and £25,000.
The New Anglia Capital fund is a co-investment fund aiming to stimulate entrepreneurship across Norfolk and Suffolk launched with £1 million of funding from New Anglia LEP. It brings businesses and “angel investors” together to kick-start new products and innovative ideas into thriving new businesses, as well as support existing high-growth companies.
Further advice and guidance on all New Anglia LEP funds available, can be obtained from the New Anglia website or by contacting a Growth Hub Advisor on 0300 333 6536, if you would like a 1-2-1 business consultation this can also be arranged.
The UK Government has granted Enterprise Zone status to a significant area of development land in Great Yarmouth and Lowestoft, recognising the potential for the area as one of Europe’s leading locations for offshore energy. A total of 224 hectares of development land with simplified planning permission is available within the East of England Energy Zone for energy sector-related businesses. This includes 121 hectares on six sites within a designated Enterprise Zone. In addition to simplified planning – a significant business advantage – the Enterprise Zone land offers up to £275,000 in business rates relief and super-fast broadband.
Norfolk County Council is the managing authority for the France (Channel) - England Interreg Programme. It opened in 2015 and is a co-operation programme between coastal areas of France that border the English Channel and coastal areas of England reaching from Norfolk all the way down to Cornwall. The programme aims to promote smart, sustainable and inclusive economic growth across the region by fostering co-operation between the two eligible areas contact firstname.lastname@example.org for more information.
In addition, Norfolk County Council's Economic Programmes Team provides information and advice to departments across Norfolk County council and the wider community on European Funding opportunities. There is a big range of funding sources available from the EU to support projects in Norfolk and the information in this section gives an overview of some of the different funds.
Following bids to DEFRA in September 2014, all 5 LEADER Local Action Groups (LAGs) administered by Norfolk County Council have been successful, and have collectively ensured over £9m of funding for the 2014-2020 programme will be available for rural development within Norfolk and northern Suffolk. There are also wider opportunities for Local Action Groups to influence funding from the European Social Fund (ESF) and European Regional Development Fund (ERDF), in their areas. It is anticipated that funding will be available from the end of 2015, but in the meantime, LAGs are looking for projects that fit in with funding priorities and guidelines, and which can be developed and ready to start as soon as possible after that time.
To find out if your project may be eligible for funding or learn more about the local action groups, their priorities for funding and how to get involved, visit www.norfolklags.co.uk.