Financial Support

Find out about grants and other alternative funding options available via Harborough District Council, Central government and via our business support partners across Leicestershire and nationally.

Can’t find what you are looking for? The Economic Development Team have access to Grant Finder so we can search for suitable grants. Email your requirements to business@harborough.gov.uk

Business Start- Up Grants

Thinking about starting or have recently set up your own business? Find out below about some of the funding support available for start-ups across Leicestershire.

Young Innovators Awards

The Young Innovators Awards are now open, giving young people the chance to turn their business idea into reality! Winners will receive tailored business support, a living allowance and a grant for £5000.

To be eligible for an award you must:

  • be a UK resident who has the right to work in the UK, or will have the right to work in the UK for the duration of the award
  • be aged from 18 to 30 on the date of competition closing
  • not have previously received a Young Innovators Award from Innovate UK

You are still eligible to apply if you are receiving support from The Prince’s Trust in-person Enterprise programme.

Your project must:

  • address a problem
  • be innovative
  • be significantly better than what is currently on offer including from existing businesses

Competition closes: Wednesday 27 July 2022 11:00am

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Exploring Enterprise

This fully funded support aims to encourage young entrepreneurs between 18 – 30 yrs. to turn their ideas into reality through the Prince’s Trust. As well as funding for market testing and low interest start up loans, the program also includes workshops and one-to-one support.

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Growth funding for Businesses

If you have an established business and are looking to invest in a new project, upscale with some new technologies, expand into a new premises or even make some environmentally concious investments, there might be funding available to you through the following schemes

The Midlands Investment

The Midlands Investment, supported by the European Regional Development Fund, provides commercially focussed finance through Small Business Loans, Debt Finance, Proof of concept and Equity Finance funds. The Midlands Engine Investment Fund (MEIF) aims to transform the finance landscape for smaller businesses in the Midlands and to realise the region’s potential to achieve economic growth through enterprise. MEIF is a collaboration between the British Business Bank and ten Local Enterprise Partnerships (LEPs) in the West Midlands and East and South Midlands.

MEIF provides over £250m of investment to boost small and medium business (SME) growth in the Midlands.

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Business Gateway Grant Scheme

£2,000 to £25,000 grant funding providing 35% of total project costs for capital or revenue projects.

The Business Gateway Grant Scheme has been created to support the growth and development of existing small and medium-sized businesses. These are examples of how you might use the grant:

  • New innovative technology products or services that improve your business performance
  • Premises improvement or expansion related business development
  • New products or services
  • Upgrading capital equipment to enable a more technical or automated approach, or to create low carbon emissions.
  • Marketing or promotional activity or other revenue costs to help the business grow or create jobs.
  • Software development

You need to be:

  • An SME in Leicester or Leicestershire with fewer than 250 employees
  • Looking to grow, introduce new products, processes or innovate
  • Trading for a minimum of 12 months
  • Trading business to business
  • Looking to create or safeguard jobs
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Digital Upscaler – Digital Growth Programme

If you’re a high growth business looking to invest in technologies, the Digital Upscaler project could help you.

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SHIRE Environment Grant

This grant, run by Leicestershire County Council, is designed to support innovative projects that minimize household waste, reduce carbon emissions and improve biodiversity

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