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This spring is packed with events and support to help your business grow, read on!
This month we are highlighting some of the areas of business support that will continue post the end of June when EU/ERDF funded projects stop. Our goal has been to create a seamless transition to the new business support landscape, and in Nottingham core to that is the continued Business Growth Hub advisor team. This team will continue to be the front line locally for business support, and is being funded by the city council?s allocation of Shared Prosperity Funding
There are several projects that will continue to deliver for businesses over the next months and years ? through different funding, or through shared prosperity funding that has been used to maintain a local service.
Continuing support that is central to growing businesses in Nottingham include:
1. Midlands Engine Investment Fund
Primarily debt finance, this is the funding stream available for businesses looking for a variety of medium level investment to grow, and is a government funded scheme run by the British Business Bank.
MEIF provides over ?300m of investment to boost small and medium business (SME) growth in the Midlands.
If your business is located in the Midlands and you are looking to scale up, check out their website https://www.meif.co.uk/
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2. Made Smarter
Made Smarter has launched a ?3 million digital adoption push to drive growth in East Midlands manufacturing SMEs and help them boost productivity.
Made Smarter East Midlands Digital experts will provide advice and support to manufacturing businesses on how to switch to advanced and automated technologies. The programme provides digital transformation road mapping, leadership development, grant funding and access to industrial digital technology expertise to help with implementation until 31st March 2025.
The East Midlands Made Smarter Programme is delivered through a collaboration between Greater Lincolnshire, D2N2 and Leicester & Leicestershire Local Enterprise Partnerships and the Department for Business & Trade. You can find out more and register your interest here: https://www.madesmarter.uk/adoption/in-my-region/east-midlands/
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3. Private providers
There are many private providers that will willingly help and support your business to grow ? high street banks such as Barclays, Nat West, Santander, and investment banks such as Goldman Sachs all have dedicated enterprise programmes. Other private commercial operators that can offer support - accountants, lawyer, consultants. Also, both Universities run a variety of business support activities. And there are a great variety of incubator spaces in the city, which sometimes provide business support alongside providing flexible work spaces (Cubo, Antenna, Scale Space, Works Social, Biocity/We Are Pioneer Group).
4. BIPC ? Business and Intellectual Property Centres.
This is a scheme funded by the British Library and hosted in Nottingham City Council libraries. This is focused on start up businesses and provides access to key business directories. Also, through its focus on intellectual property, it can access local IP lawyers that can be helpful when starting a business.
BIPC are currently located at Bulwell Riverside and plan to move to Nottingham Central Library in the newly built Broad Marsh carpark/library on Collin Street/Carrington Street, when that opens summer 2023.
GRANTFINDER - Enables you to identify and apply for funding. Featuring over 8,000 continuously updated funding opportunities. Grantfinder is the leading funding database in the UK covering local, national and international sources of funding, including charitable trusts, societies, research councils, national government, the EU and corporate sponsors. https://www.nottinghamcitylibraries.co.uk/grantfinder/
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5. Inward Investment Support
Invest in Nottingham currently has EU/ERDF funding to June 2023. This is part of a wider Invest in D2N2 project that has delivered ?20m of gross value added to the region. Nottingham City Council has contracted with Invest in Nottingham to continue to deliver this service in the city boundary, investing ?304,880 of Shared Prosperity Funding to March 2025.
The funding will support the following:
- Handle inward investment and regeneration enquiries to drive employment growth.
- Promote Nottingham as a business destination via targeted marketing campaign work ? including sectoral events, PR activity, marketing collateral and engagement with business networks.
- Deliver demand-led and constructive support for businesses strengthening entrepreneurial ecosystems
- Collaborate with the strategic priorities and activities of key local and national stakeholders, ensuring alignment and relevance of the service.
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Welcome to new neighbours Domestic and General
Domestic and General moved to brand new offices on Station Street ? on 3rd May. Domestic and General are one of the largest employers in the city of Nottingham and provide the support for many white goods service contracts. They had previously been at Wollaton Street, near Crowne Plaza, and moved to brand new offices at 11 Station Street on 3rd May. Their Managing Director Matthew Crummack is seen here cutting the ribbon. As neighbours of Nottingham City Council at Loxley House, welcome to our new neighbours.
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The attached has a useful snapshot of the changing climate in Nottingham, and related action plans. There are also useful links to projects and initiatives that might help businesses on their sustainability journeys.
https://carboncopy.eco/local-climate-action/nottingham
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Nottingham City Council are proudly working with partners Nottingham College and The Futures group to deliver the Multiply for Work strand.
Numeracy is a crucial skill that has a significant impact on our daily lives. It empowers individuals to make informed decisions, navigate financial matters, interpret data, and succeed in various professional fields.
The Multiply for work strand recognises the importance of numeracy confidence in a work context and wants to ensure all employers and employees are aware of the free opportunities open to all staff at all levels.
For more information on how either partner can support your or your team please get in touch with the Multiply team: [email protected]
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Eligibility:
19+
Below level 2 math qualification
Have the right to live and work in the UK
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Elections took place at Nottingham City Council earlier in May, with the majority Labour group increasing their representation from 50 to 51 councillors. There are 4 independent Councillors. Cllr David Mellen was re-selected as leader of the Labour group and remains leader of Nottingham City Council.
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