Growth

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Projects

Aura Innovation Centre

March 8, 2018 - February 28, 2021

The Aura Innovation Centre (AIC) will create a facility focused on proactively promoting and supporting research and innovation in low carbon technologies as well as their adoption through the commercialisation of new and innovative low carbon products and services.

By providing the focal point for interactions between the knowledge base and business, the AIC will create a conducive environment for the strengthening of commercial links between research institutions and industry as well as helping to change small business attitudes towards innovation.

Business Growth Programme

October 1, 2018 - September 30, 2021

The Business Growth Programme will enhance the resources of the existing Humber Business Growth Hub through the provision of a range of interventions aimed at enabling SMEs in the Humber to grow and become more productive.  It will encourage and support businesses to grow and develop by delivering the following activities:

  • One-to-one advice to determine the needs of the client, including a detailed diagnostic and development of an action plan of support required to achieve growth objectives
  • A comprehensive programme of workshops / masterclasses, delivered by industry experts across a range of topics (see below)
  • A Leadership Development programme for senior leaders and managers within SMEs with a potential for growth
  • Voucher support to SMEs based on projects identified through one-to-one advice and support
  • Electronic delivery – development of a suite of webinars, online content, and information available through the Growth Hub Website

The programme will focus on delivering support in the following areas:

  • Business model, culture and structure
  • Business Planning
  • Marketing and communications
  • HR and Recruitment
  • Improving market and customer awareness and understanding
  • Sales process and pitch
  • Pricing
  • Supply Chain and Procurement
  • Resource Efficiency

Finance for Growth

June 1, 2018 - May 31, 2021

Delivered as a product of the Humber Business Growth Hub, this three year programme of investment readiness support is focused on enabling SME businesses to access finance.

It provides an intensive Humber-wide programme of support through a network of specialist advisors and associated small grants scheme that will cover up to 40% of the eligible costs of SME beneficiary projects which will enable them to become investment ready.

The programme will:

  • Enable SMEs to take full advantage of the growth opportunities provided by the right package of finance
  • Deliver a comprehensive programme of workshops and masterclasses
  • Provide targeted grants (up to 40% of eligible costs) where part of a specific growth and investment strategy
  • Assist SMEs to understand investor requirements and develop corresponding strategy/business plans
  • Assist SMEs to understand and negotiate the financial support landscape
  • Provide specialist support in relation to company growth plans
  • Support the assembly of tailored packages of finance to aid SME growth and expansion
  • Grow awareness and understanding of the various finance options available including equity finance
  • Signpost to other relevant support, expertise and development opportunities

Northern Powerhouse Investment Fund

February 28, 2017 - February 28, 2022

The Northern Powerhouse Investment Fund (NPIF) has over £400m of funding available for SMEs in the NPIF area.  It is providing micro-finance, debt and equity investment aimed at creating sustainable economic activity through supporting new and growing businesses.  Provision is as follows:

Microfinance

  • For start up or existing business
  • Loans of £25k – £100k
  • Example deals include:
    • Working capital
    • Funding expansion projects
    • Financing commercial premises
    • Asset acquisitions

Debt Finance

  • For businesses that can demonstrate growth potential
  • Business loans from £100,000 – £750,000
  • Example deals include:
    • Working capital
    • Hire a new team
    • Purchase new machinery
    • Move to larger commercial premises

Equity Finance

  • Early stage or late stage equity funding
  • For businesses with ambitious plans or large start-ups with high growth potential
  • From £50,000 – £2million
  • Example deals include:
    • Growth capital
    • Working capital
    • Capital Expenditure
    • Relocation

The fund managers appointed to manage the Northern Powerhouse Investment Fund in the Humber are are:

  • Microfinance: Finance for Enterprise & Business Enterprise Finance
  • Business Loans: Enterprise Ventures
  • Equity Finance: Enterprise Ventures

News

October E-Newsletter 2018

October 26, 2018

Read the latest updates from the Humber LEP in this month’s newsletter.

Click here.

June E-Newsletter 2018

June 20, 2018

Read the latest news from the Humber Local Enterprise Partnership (LEP) in our newsletter here.

European Funding For Rural Business Event

January 24, 2018

An upcoming workshop will help ensure local businesses don’t miss out on current EU funding opportunities.

On Wednesday 21 February, a free workshop will take place in Driffield showcasing European funding opportunities for micro, small and medium-sized rural businesses in the Humber.

Among the funding programmes to be discussed is the European Agricultural Fund for Rural Development, which is making in excess of £2 million available for projects focused on food processing, rural business development and rural tourism infrastructure (including tourism accommodation)

Read more

October E-Newsletter 2017

October 6, 2017

Read the Humber Local Enterprise Partnership (LEP) e-newsletter for October 2017 here.

To keep up to date with the latest news coming out of the Humber LEP and from across the Humber region, sign up to receive our e-newsletter here.

Chinese delegation focuses on the Humber

September 22, 2017

Phil Glover, Humber Growth Hub Programme Manager (fourth from left) with delegates from Qingdao, China at Modal Training Centre, Immingham

The Humber Local Enterprise Partnership (LEP) welcomed a delegation of government officials from Qingdao, China as part of a UK and China marine company mission.

Delegates were greeted at the Guildhall in Hull, before heading to Modal Training Centre in Immingham on Tuesday 19th September, where the guests were shown around the facility and its state-of-the-art training simulators in ports, offshore

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£8.1m Business Loan Fund is unlocking growth

June 22, 2017

Stephen Savage, Vice Chair of Humber LEP (left), Karen Oliver-Spry, Programme Officer, Humber LEP (centre) and David Sinclair, Curator, Humber Street Gallery (right).

The Humber LEP’s Business Loan Fund is helping businesses in the Humber undertake investment, unlock stalled projects and bring forward development.

The £8.1m revolving fund uses the Humber’s allocation of Growing Places Funding to support capital projects that benefit the local economy and reinvests returns into future projects. The Humber Business Loan Fund will support capital development projects,

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Speakers announced for the Charter Institute of Marketing sessions at ‘Growth Hub Live’

May 25, 2017

The Humber Business Growth Hub has pulled together a fantastic programme of speakers for the ‘Growth Hub Live’ events during Humber Business Week, for which three more have been added.

The two events during Humber Business Week will take place at Hull University, Canham Turner Building on June 6th and at Forest Pines Hotel, North Lincolnshire on June 8th.

The three speakers added the Charter Institute of Marketing sessions are:

– Dr Nadine Waehning, Marketing Lecturer at York St John University (University of

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Humber LEP secures third Growth Deal investment

January 23, 2017

The Humber LEP has secured an investment of £27.9m for the area from the Government’s Local Growth Fund through a third Growth Deal, the Government announced today.

The funding will support a total of eight projects across the region, including city and town centre developments, enterprise zone sites and grants for businesses.  Funding will also go to developing skills and training facilities, and for improving flood defences.

The projects were selected by the LEP through an open competitive process, and were prioritised

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Humber LEP Yorkshire Post article: The year of the apprentice as LEP’s strategy forges ahead

January 19, 2016

For those in the skills world there is no doubt that 2016 is the year of the apprenticeship, with the business voice at the heart of driving demand.

With announcements of a business levy in the autumn spending review and the Government’s vision to increase the quality and quantity of apprenticeships by 2020 launched in December, the role of LEPs is crucial using the networks, partnerships and relationships they have developed to support apprenticeship growth.

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Humber Enterprise Zone to more than double following Spending Review

November 26, 2015

The Humber Enterprise Zone, already the UK’s largest enterprise zone (EZ), is to more than double in size, expanding to include additional employment land in all four areas of the region following a successful bid by the Humber LEP and local authorities.

The Chancellor set out in the Spending Review and Autumn Statement the creation of 26 new or extended Enterprise Zones.

The Humber LEP worked with its local authority partners, and in consultation with neighbouring LEPs, to identify packages of land

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