Catalysing Better Business
Catalysing Better Business

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, 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 that the project will enable employment growth (will create at least 1 job for grants of between £5,001 - £10,000, or 0.5 FTE job i.e. 18+ hours/week for £5,000 or below).
  • Expenditure with any one supplier cannot exceed £24,999.

More details on the Fund can be found in the D2N2 Capital Growth Fund Guidance Notes

Please note that businesses that have previously accessed funding through the following programmes may be ineligible for further support:

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

To register your interest in applying for the D2N2 Capital Growth Fund, please e-mail ERDFteam@embltd.co.uk, with the subject: "D2N2 Capital Growth Fund"

 

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