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Last update 05/08/2024

Grants and Loans for Startups and Small Businesses in Bolsover, UK

Bolsover District Council, in partnership with other organizations, provides several grants and loan options for startups and small businesses. This guide provides an overview of the opportunities, eligibility criteria, and how to apply.

Grants

Business Growth Grant Scheme

Offers grants ranging from £1,000 to £10,000 to support the growth of existing businesses (trading for more than 18 months) in Bolsover District. These grants can be used for various purposes, including job creation, carbon efficiency improvements, and diversification into new markets.
Website: Business Growth Grant Scheme Bolsover

Business Start-Up Grant Scheme

Provides grants of up to £500 for pre-start and new businesses located in Bolsover District that have been trading for less than 18 months.
Website: Business Start-Up Grant Scheme Bolsover

Vision Derbyshire Business Start-up and Business Support Grant Scheme

Offers free business advice and grants of up to £10,000 for eligible businesses in Derbyshire, including Bolsover District. The grant covers 50% of total project costs and is available to those starting or have recently started a business in the last 12 months.
Website: Vision Derbyshire Business Startup and Business Support Grant Scheme

Government-Backed Loans

Bolsover Enterprise Loan Fund

This council-backed loan scheme offers loans to small and medium-sized businesses in Bolsover District that may not be able to secure traditional bank loans.

Where to Find Information

Bolsover District Council - Funding and Grants

For information about available grants and loans, visit the council's website.
Website: Bolsover District Council - Funding and Grants

PHMC - Funding for Smaller Businesses

You can find information about the Business Growth Grant Scheme and Business Start-Up Scheme on the PHMC website.
Website: PHMC - Funding for Smaller Businesses

Vision Derbyshire

If you're a pre-start or recently launched business, you can explore the Vision Derbyshire program.
Website: Vision Derbyshire

Tips

Research Eligibility: Before applying, carefully review the eligibility criteria and requirements for each grant or loan.
Contact the Council: Reach out to Bolsover District Council for the most up-to-date information and guidance.
Seek Business Advice: Consider contacting local business support organizations for additional advice on funding options and business development.

Contact Information

Bolsover District Council

Economic Development Team
Phone: 01246 242424
Email: info@bolsover.gov.uk
Website: Bolsover District Council

FAQs about Grants and Loans for Businesses in Bolsover

1. Are there specific grants for tech startups in Bolsover?

While Bolsover District Council does not offer specific grants for tech startups, broader programs like the Business Growth Grant Scheme and the Vision Derbyshire Business Support Grant Scheme can support various business types, including tech ventures.

2. How much funding can I get through these programs?

Funding amounts vary depending on the program. For example, the Business Growth Grant Scheme offers up to £10,000, while the Vision Derbyshire program provides grants of up to £10,000.

3. What if my business is in an early ideation phase?

The Business Start-Up Grant Scheme caters to pre-start and early-stage businesses, providing grants of up to £500 to help get your business off the ground.

4. How long does the application process take?

The application timeline varies for each program. Contact the respective organizations for specific timelines.

5. Can I apply for multiple grants or loans?

In some cases, you might be able to combine funding from different sources. It’s advisable to consult with the program providers for guidance on combining multiple funding streams.

6. What types of projects qualify for the Business Growth Grant Scheme?

Projects that focus on job creation, carbon efficiency improvements, and diversification into new markets typically qualify for the Business Growth Grant Scheme.

7. What are the fees associated with applying for these loans?

Most government-backed loan programs, such as the Bolsover Enterprise Loan Fund, do not have application fees. However, it's important to check for any potential costs or fees associated with other funding programs.

8. Can funding be used for operational expenses like salaries and rent?

Generally, funding can be used for various business expenses, including operational costs. However, each program has its specific allowable expenses, so it’s essential to verify with the program guidelines.

9. Where can I get help with my application?

Business support organizations and the council’s economic development team can offer guidance and assistance with your application, helping you navigate the process effectively.

By leveraging these resources and seeking advice from business support organizations, you can find the financial support needed to start or grow your business in Bolsover.

Value AD

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ALTERNATIVE

INVESTMENT

What is Value Ad?

Value Ad is an innovative policy designed to foster a mutually beneficial relationship between two key groups: new businesses and service providers. This policy helps startups save significantly on essential services while enabling service providers to gain valuable traction and growth opportunities.

How is it a Win-Win Deal?

For New Businesses:

Cost Savings: Startups can save 50% to 80% on essential services such as website development and marketing. This means they don’t need to invest heavily upfront, making it easier to launch and grow their business.

Alternative Investment: The money saved through these discounts can be reinvested into other critical areas of the business, acting as an alternative investment that fuels further growth and development.

For Service Providers:

Initial Customer Base: Service providers, often tech startups themselves, can attract a significant number of initial customers by offering their services at a discounted rate. This helps them build traction and demonstrate value, which is crucial for attracting venture capital (VC) funding and other opportunities.

Marketing Efficiency: By providing affordable services, service providers do not need to spend heavily on marketing to acquire new customers. The discounted services themselves become a powerful marketing tool, bringing in customers who can spread the word and enhance the provider’s reputation.

Growth and Expansion: Attracting more customers through Value Ad helps service providers expand their client base and build long-term relationships, which can lead to increased revenue and business growth.

Alternative Investment for New Businesses:

For new businesses, the significant cost savings achieved through the Value Ad policy effectively serve as an alternative investment. Instead of spending large amounts on website development and marketing, they can leverage the affordable services provided by service providers. The saved funds can be redirected into other strategic areas of the business, enhancing overall growth and sustainability.

Benefits for Service Providers:

Service providers benefit from the Value Ad policy by gaining access to a ready pool of new customers who are drawn by the discounted rates. This initial customer base is crucial for:

Building Traction: Demonstrating product or service viability to potential investors.

Securing Funding: Enhanced customer traction and a growing user base can make the service provider more attractive to venture capitalists and other funding sources.

Market Penetration: Establishing a presence in the market quickly and efficiently without heavy marketing expenditures.

In Summary:

Value Ad is a strategic policy designed to create a win-win scenario for both new businesses and service providers. By offering significant discounts on essential services, startups can save and reinvest those savings, while service providers gain crucial initial customers and market traction. This mutually beneficial arrangement supports the growth and success of both groups, making Value Ad a powerful tool for business development and investment.

Value AD

CAN BE

ALTERNATIVE INVESTMENT