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Finance & Grants
A number of potential sources of financial investment and grant aid are available to firms operating, or looking to establish a base, in Gosport. The criteria for accessing funding varies according to the scheme, although a common feature of many is that they are only available to small and medium-sized enterprises (SMEs). This typically means that businesses must employ less than 250 people and have a turnover of below €40m and an annual balance sheet of less than €25m. Start-ups and sole traders are, however, eligible.
Finance South East is a not-for-profit organisation and subsidiary of the South East England Development Agency. It works with private and public sector partners to deliver investment support and access to funding for ambitious start-up and high growth, small and medium enterprises operating in the south east region.
Research and Development Grant
The Grant for Research & Development is a national government scheme (replacing the former 'Smart' scheme). It aims to assist start-up businesses and existing small and medium enterprises to carry out research and development work on technologically innovative products and processes.
Selective Finance Investment for England
Selective Finance for Investment in England (SFIE) is a national government grant scheme, run by the Regional Development Agencies. SFIE grants are available for small and medium-sized businesses which serve (or plan to serve) more than a local market (ie trading outside of the south east region).
Small Firms Loan Guarantee (SFLG)
The Small Firms Loan Guarantee is supported by the Department for Business Enterprise and Regulatory Reform (BERR) and a number of banks, building societies and other lenders. The scheme can potentially assist small and medium-sized enterprises that are unable to obtain a conventional loan.
South Coast Money Line
Do you have a great idea and can't get finance from a bank? South Coast Money Line provides business loans for local residents in south Hampshire, offering an alternative to borrowing from a bank or building society.
South East Growth Fund
The South East Growth Fund (SEGF) is a £30m venture capital fund committed to investing in fast growing small and medium enterprises (SMEs) in South East England.
"We were successful in obtaining a grant from SEEDA for some of the conversion works ... that made a massive difference to our start-up"
Mark Bowden, Operations Director, Marina Projects
