Capital Grants for Early Trading Small Businesses and Enterprises in North Yorkshire
Please note – this capital grants programme for early trading businesses in North Yorkshire has now closed. Sign up to our newsletter for news of the latest grant programmes and support.
Programme Aims
The capital grants programme aims to foster business growth, productivity, investment, and sustainability among early trading small businesses in North Yorkshire. The initiative encourages enterprises to consider making ‘one small change’ to enhance their prospects for thriving and growing.
Funding Priorities
Priority will be given to applications demonstrating the grant’s potential for lasting impact. Examples include:
- Business expansion
- Increased supplier or associate numbers
- Retention and attraction of long-term staff
- Acquisition of new customers
- Enhanced business resilience
- Introduction of new products or services
- Improved business efficiency
A total fund of up to £1,000,000 is available. Applications will be accepted from until Friday, 12 July.
Who can apply?
- Early trading businesses and enterprises with fewer than 50 staff
- Businesses based and trading in North Yorkshire
- Businesses that have been trading between 6 to 24 months
Who cannot apply?
- Businesses receiving DEFRA funding for the same project
- Farm businesses (unless diversifying into non-farming areas)
- Recipients of the 2023/24 Shared Prosperity Fund Small Business Grant
- Pre-start-up or non-trading businesses
- Businesses without landlord or planning permission (where required)
- Applicants in debt to North Yorkshire Council
- Businesses based in the City of York constituency areas
Funding Details
This capital grants programme funds the purchase of lasting assets such as machinery and equipment. It does not cover revenue costs, business continuity expenses, general IT upgrades, vehicles, training, recruitment costs, professional subscriptions, recoverable VAT, warranties, insurance, or projects that are already completed or will not finish by January 2025.
Grant Amount
Businesses can apply for grants ranging from £750 to £1,000, requiring 25% match funding. The total project cost must not exceed £3,000, and the grant request must not surpass £1,000.
Application Requirements
Applicants need to provide:
- Quotes for the proposed purchases
- A cashflow statement (current and projected)
- A business or project plan
- Trading accounts, if available
Applications must be submitted via the application form provided between 29 May and 12 July. For assistance or alternative application formats, contact UKSPF@yorknorthyorks-ca.gov.uk
Apply for North Yorkshire Business Grants
Find out more and access the grant scheme here.
Further details of webinars to support your application can be found here.
Please note: this capital grants scheme is only available to early trading businesses in the North Yorkshire Council area. This does not include businesses in the City of York.
Meet Faye
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UK Shared Prosperity Fund
The UK Shared Prosperity Fund and the Rural England Prosperity Fund are central pillars of the Government’s levelling up agenda. They provide £2.6 billion of funding for local investment by March 2025. The funds aim to improve pride in place and increase life chances across the UK. They will do this by investing in communities and place, supporting local business, and people and skills. For more information, visit:
UK Shared Prosperity Fund prospectus: https://www.gov.uk/government/publications/uk-shared-prosperity-fund-prospectus/uk-shared-prosperity-fund-prospectus
Rural England Prosperity Fund prospectus: https://www.gov.uk/government/publications/rural-england-prosperity-fund-prospectus
Shared Prosperity in North Yorkshire will enable the people, communities, and businesses across our rural, coastal and urban areas to thrive. North Yorkshire has been allocated £16.9 million to spend on programmes and projects through UK Shared Prosperity Fund. In addition, £5.4 million has been allocated from Rural England Prosperity Fund – a capital programme targeted at rural areas.
Click here for further information about North Yorkshire Council’s funding programmes.
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