Finance support for SMEs
Our collaboration with organisations and sector bodies means that we are often able to find funding for SMEs that we work with. By working with us, we can work together to find and bid for funding.
Working with you to source funding
Finding funding and grants can be a major challenge.
We can help you to find and bid for funding if you choose to work with us.
Our collaboration with organisations and sector bodies means that we are often able to find funding for businesses that we work with.
Simply get in touch by email or call +44 (0)115 848 8899.
Examples of funding available include:
Funding for research and innovation
If you are looking to develop new technology, commercialise an idea, or find a solution to a particular problem, we can help you access funding.
Get in touch with our Partnerships, Local Engagement and Commercial Services (PLECS) team who will be able to help you.
You can also get funding to bring academic and graduate expertise into your organisation through Knowledge Transfer Partnerships (KTPs).
Funding to employ NTU students and graduates
It can be expensive to employ new staff, come up with innovative ideas and make change.
We can offer funding to help you recruit students and graduates, including:
- £1,200 grant to support a minimum of 8 weeks employment
To find out more about funding opportunities and to see if you meet the eligibility criteria, contact us.
You can also visit Support for SMEs to see our full range of services and support to help your business grow.
This Funding is offered through the European Regional Development Fund and Sanatander.
Funding to employ freelancers (creative and digital companies only)
We can provide grants to subsidise the cost of hiring external expertise or talent for a specific project. Up to 30% of the overall project cost can be provided. Eligible projects could range from hiring freelance coders to build a product to paying for a website redesign.
- The minimum grant is £1,050 and the maximum is £2,250
- The overall project cost should be at least £3,500
- Businesses must be able to pay for the full project spend and cannot use any additional third party loans or grants to pay for the project
- Businesses must have commenced trading to be eligible.
Funding for workforce development
Higher and Degree Apprenticeships are a great way to develop existing talent in your company, or a cost-effective way to hire new employees. SMEs are able to get 90% of the training costs paid for through government funding. Find out more about apprenticeships and the funding you can receive.
Funding workshops for SMEs
We offer a number of events throughout the year that focus on funding support. Subjects include:
- Financial management and planning for growth
- Financing growth
- Attracting investment
Take a look at the SME events programme for more details.
How we have supported SMEs
“NTU has helped us to employ new talent and develop new presentation techniques to take our work to a wider audience.” Peter Rogan, Peter Rogan & Associates
The role provided expertise in 3D model drawing technology to support the company's restoration work. The graduate's understanding of CAD, digital systems and ability to model buildings and projects has been applied to work measuring and recording historic buildings.
This work has directly helped to produce proposals for their care and adaptation projects.
NTU have been excellent in supporting us an SME. The information, financial support and resources allocated have meant we can grow at a faster rate.
Kinetik Medical Devices Ltd
NTU were able to support Kinetik Medical Devices by providing the business with access to a range of funding. The company, which makes health and beauty devices which can save lives, used money from Enabling Innovation to hire graduate talent.
Enabling Innovation at NTU, funded by the European Regional Development Fund, has also supported the graduate to develop as Kinetik enrolled on the Innovation Community Lab at no financial cost to the business.