D2N2 Capital Growth Fund

The D2N2 Capital Growth Fund offers capital grant support to small and medium-sized enterprises investing in the Derby, Derbyshire, Nottingham & Nottinghamshire areas, with grant funding of between £1,500 and £10,000 available up to a maximum of 30% of eligible project costs.

Key features of the Fund:

  • Will cover capital costs – for example machinery, equipment, IT hardware but cannot support vehicle purchases.
  • Will not cover revenue costs such as wages, rent, marketing or general running costs.
  • Businesses must be able to demonstrate that they are already trading and have the potential to  create a minimum of one new job as a result of their investment project
  • Projects are expected to start within 3 months and be completed within 6 months of application.
  • Expenditure with any one supplier cannot exceed £24,999.

More details on the Fund can be found in the Guidance Notes. 

Please note that if funding is limited, priority will be given to businesses that have not already accessed one of the following programmes:

  • D2N2 Capital Growth Fund
  • D2 Enterprise Growth Fund (D2EGF);
  • Invest to Grow (University of Derby)
  • N2 Business Growth Fund (University of Nottingham)

To register an interest and apply for grant funding via the Capital Growth Fund Programme, please send an email to cgfteam@emb-group.co.uk, with details of your contact name, business name, and post code.


D2N2 Growth & Innovation Programme

The D2N2 Growth and Innovation Programme is a partnership initiative, led by EMB that brings together and enhances the following grant schemes:

Derby and Derbyshire Enterprise Growth Fund

University of Derby Invest to Grow scheme

D2N2 Capital Growth Fund

European Regional Development Fund (ERDF) funding from the D2N2 LEP will increase the amount of grant funding available from each of these Programmes, enabling the sponsoring organisation to provide more intensive support and/or support a greater number of businesses wishing to invest in innovation and growth and create new jobs. Grants range from £1,500 to £500,000.


Internationalising SMEs

The Internationalising SMEs (ISME) project aimed to enhance the capability and capacity of SMEs to exploit opportunities in overseas markets by providing:

  • Market engagement  and events activity to assist small and medium sized enterprises to enter, establish and expand in international markets;
  • Specialist advice to cover locally significant sectors, such as Advanced Manufacturing,  Food & Drink Production, High Performance Technologies, Transport Equipment Manufacturing and Environmental Technologies & Construction.  The project also offer specialist  market research advice to help SMEs target the right markets for their products/services;
  • Grant funding for SMEs, in order to address financial barriers to exporting.

The project was co-funded by the Department for International Trade and the European Regional Development Fund (ERDF), which is one of the European Structural and Investment Funds.

ERDF funding was allocated to this project by the following Local Enterprise Partnerships:

  • Derby, Derbyshire, Nottingham and Nottinghamshire (D2N2) LEP;
  • Greater Lincolnshire LEP;
  • Leicester & Leicestershire LEP;
  • South East Midlands LEP.

The project ran from 1st October 2015 to 30th September 2021.

Grants for SMEs are still available via a new project called the Internationalisation fund