Funding Opportunities

It has become apparent that access to finance can act as a barrier, preventing business growth. The LEP is dedicated to removing barriers to business growth and making the process of securing government funding easier for eligible businesses.” Paul Brown, Chair Black Country LEP Access to Finance Group

This page provides an overview of funding streams available through the Black County Local Enterprise Partnership (LEP). Whether you are a start-up, SME or large corporate, seeking loan or grant to support business growth or commercial / residential development the LEP could be able to offer support. 

Business Support

Grow your business with finance and support from the LEP. 

The Black Country LEP is always working to secure funding to make available to its businesses or those seeking to invest here. Currently there is an ever-changing and potentially confusing array of funds open to businesses with different deadlines and eligibility criteria. 

As a result the LEP established the Black Country Growth Hub to be the first port of call for businesses seeking support and to help them navigate through the options.

You can sign up to receive information about business support products from the homepage at www.bcgrowthhub.com and there are daily updates through the Growth Hub’s LinkedIn Page.

If you have a query then you should direct it to enquiries@bcgrowthhub.com or call 01902 321 272.

Development Funding

The Black Country LEP, in its ambition of enhancing conditions for enterprise to flourish and facilitate economic growth, has successfully bid for allocations of funding through the Department for Communities and Local Government (DCLG) and Public Works Loan Board (PWLB) for funding streams which will enable delivery of development throughout the Black Country. 

Available Black Country development funding includes the following:

Growth Deal: Capital Grant Funding

Site Investigation Funding: Capital Grant Funding 

Growing Places Fund: Capital Loan Fund 

Black Country Investment Fund: Commercial Development Capital Loan Fund

Strategic Housing Infrastructure Fund: Residential Capital Loan Fund

European Funding

Local Enterprise Partnerships (LEPs) were given the responsibility for designing and delivering local investment strategies setting out proposals for the use of the European Structural and Investment Funds between 2014 and 2020. 

In England, for 2014 to 2020 the programmes comprise the European Regional Development Fund (ERDF), European Social Fund (ESF) and part of the European Agricultural Fund for Rural Development (EAFRD). These have been brought together into a single Growth programme with individual operational programmes aligned to maximise support for jobs and growth.

A notional financial allocation of 177 million Euro’s (approx. £150 million) is allocated to the Black Country for the funding period 2014-2020 consisting of both ESF and ERDF.

The funding allocation is being spent against key delivery themes:           

• Innovation, Research and Technology

• SME Competitiveness

• Low Carbon Economy

• Skills, Employment and Social Inclusion

Learn more about European Investment and Funding here.