AD:VENTURE

About this grant

The Business Growth Grant is offered by the AD:VENTURE Programme. The grant is awarded to support young businesses up to 3 years old on their growth journey. The grant award will cover up to 50% of total project costs and requires businesses to provide a minimum of 50% of match funding.

Eligibility requirements

All of the following criteria must be met:

• Be located in, and trade from, an address within West Yorkshire, covering the local authority districts of Bradford, Calderdale, Kirklees, Leeds, and Wakefield.
• Be a Small or Medium-sized Enterprise (SME).
• Have fewer than 250 FTE employees (Full-time Equivalent).
• Have an annual turnover of less than €50 million, around £43 million.
• Have received less than €310,000 in State Aid over the last 3 financial years. State Aid means funding from any national or local public sector organisation or programme.
• Have a business bank account.
• Be able to demonstrate that the business is viable with high growth potential, through a business plan or overview, cash-flow forecast, end of year accounts, or another appropriate document.
• Be registered and accepted onto the AD:VENTURE Programme.

What the funding covers

• The grant can be used to fund costs that support growth and job creation in your business.
• Tools and production equipment.
• Website development and design.
• IT equipment and office furniture.
• You can discuss with your Business Manager if the items you wish to purchase do not appear in the above list.

How to apply

1. 1If you need funding for running costs, stock, or statutory requirements, you can look at other options to raise finance, such as Business Enterprise Fund loans.
2. 2To make an application for an AD:VENTURE Growth Grant, please speak to your AD:VENTURE Business Manager.
3. 3Full guidance for the application and claim process can be found at https://www.ad-venture.org.uk/ADVENTURE_Growth_Grant_Guidance.pdf.

Application tips