Chesterfield Business Grants Archives - Destination Chesterfield

Local business support boosted with launch of Early Stage Angel Investment Fund

23rd July 2024

‘Early stage’ businesses based in Chesterfield can now pitch to access new funding to support growth.

The Early Stage Angel Investment Fund (ESAIF) was developed by the D2N2 Local Enterprise Partnership (D2N2 LEP) ahead of it becoming part of the East Midlands Combined County Authority (EMCCA) earlier this year.

The Fund, which has been launched at events in Derby and Nottingham. aims to stimulate investment and growth in ‘early stage’ companies – those that have been trading between six and 24 months.

D2N2 LEP/EMCCA are contributing £4 million to the fund, match-funded by ESAIF fund manager, Haatch. Over the longer term these funds will be re-invested in the programme, to catalyse investment and growth for more early-stage companies.

The Derby launch event, held at Derby Arena, featured a video keynote address by Claire Ward, Mayor of the East Midlands , and presentations by D2N2 LEP Deputy Chair and EMCCA’s business representative David Williams MBE DL, Lewis Stringer of British Business Bank, Samantha Deakin of the University of Derby and Fred Soneya of ESAIF fund manager Haatch.

Claire Ward, Mayor of the East Midlands, said: “Supporting our local economy is one of my priorities as Mayor of the East Midlands and I’m delighted we’ve been able to launch the Early Stage Angel Investment Fund.

“I look forward to hearing all about the impact of this fund, how it supports our local businesses, and how it will help our regional economy thrive. I’m keen to see what we can achieve together through this significant investment and strong collaborative partnership.”

The Early Stage Angel Investment Fund was announced by D2N2 LEP Chair Elizabeth Fagan at the UK’s Real Estate Investment and Infrastructure Forum (UKREiiF) in Leeds earlier this year.

To find out more information about the Fund and to make an application visit: https://haatch.com/investors/haatch-d2n2-esaif/

If you’re looking for more support for your business, find out more about the schemes which may be applicable to you at: https://www.chesterfield.co.uk/business/business-support/

Support for more Derbyshire businesses and organisations to reduce energy use and cut carbon

3rd January 2023

More Derbyshire businesses and organisations will be eligible for help to reduce their energy costs and cut carbon emissions as part of the Green Entrepreneurs Fund programme

More than £715,000 has already been awarded to businesses and organisations through the grants programme which Derbyshire County Council is running in collaboration with the University of Derby, as part of the drive to help the county reach net zero by 2050 or sooner.

But now changes made to the eligibility criteria for the programme’s Small Grants Fund mean even more businesses and organisations will be able to access funding to help implement green energy plans to reduce their energy costs.

Small grants from £6,000 up to a maximum of £20,000 can be applied for towards projects such as, but not limited to:

installing solar panels
replacing old heating systems with air/ground source heat pumps
retrofitting old boilers to make them more energy efficient
fitting electric vehicle charging points at their premises
installing energy efficient LED lighting
improving the insulation in their premises to help prevent heat escaping
funding to replace equipment and machinery with energy-saving alternatives
battery storage for solar generated energy.

Applicants will be required to show how their proposals would cut carbon emissions and how they are planning to reduce their emissions to net zero – which means reducing carbon emissions right down to the lowest possible level and off-setting those that cannot be cut through measures such as planting more trees and other forms of habitat creation to absorb excess carbon from the atmosphere, making the overall net emissions zero.

They will also be asked to highlight how the grant funding will support them to improve their management of resources and staff to increase sustainability and show how the project would or could include wider community benefits such as protecting jobs or encouraging greener behaviour among staff.

Councillor Tony King, Cabinet member for Clean Growth and Regeneration, said: “We know that small businesses are feeling the pinch with rising energy bills and costs of materials and goods generally.

“This change to the Small Grants Fund criteria means that we can help more small businesses to invest in energy efficiency measures to help cut their costs as well as their carbon footprint.”

As well as the Small Grants Fund, the programme is also accepting applications to the Green Entrepreneurs Scholarship Fund to support individuals to retrain with skills to enable them to enter the field of low carbon, green energy.

And the Green Entrepreneurs Demonstrator Fund is also open for applications from high quality, larger scale carbon-cutting projects in Derbyshire. This fund is open to projects that are designed to encourage solutions beyond the mainstream of current thinking and the minimum grant available through this fund is £200,000.

Professor Kathryn Mitchell CBE DL, Vice-Chancellor of the University of Derby, said: “The University has an ambition to make Derbyshire synonymous with sustainable business. This extra funding capacity to support businesses on the journey to zero carbon is invaluable, particularly at a time when energy costs are rising. We look forward to seeing the innovative projects that can be supported as a result.”

Find more information on the Green Entrepreneurs Fund programme here.