Investment

Blog Posts

There are currently no blog posts to show.

Events

There are currently no events to show.

Projects

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

£10m investment announced in Humber road and housing projects

July 26, 2018

Three new infrastructure development projects are set to get underway in the Humber thanks to a total allocation of more than £8m from the Government’s Local Growth Fund (LGF) secured by the Humber Local Enterprise Partnership through the Humber’s Growth Deals. The decision was made by the LEP’s Board of business and council leaders.

The allocations, which are subject to a final business case, come shortly after the announcement of investment in a programme of road and cycle improvements to the

Read more

Yorkshire Post Humber LEP column: Humber LEP Zoning in on Humber investment sites

April 5, 2016

For sale – 1,500 football pitches, or 1,820 Rugby League pitches as they might like to say in our region’s city Hull.

Well that’s the challenge – to market and help unlock the equivalent employment land in the Humber located next to ports, motorway routes and rail as part of my role on the Humber LEP’s Investment and Regulation Board. The region’s strong advantages of connectivity to the UK and Europe presents a vital opportunity for new businesses moving to the Humber.

Read more

Humber to be showcased at historic UK-China summit

March 22, 2016

The Humber is being showcased at the UK-China Regional Leaders Summit in Sheffield with representations made by Humber LEP Chief Executive Kishor Tailor about the investment opportunities linked to renewables, ports and logistics in the Humber, and by East Riding Council leader Stephen Parnaby OBE on Energy in the North.

Read more

Humber LEP Yorkshire Post article: LEP’s role grows ever more crucial to help drive growth

December 8, 2015

As the devolution debate continues it is essential we do not lose the momentum or focus on growing the Humber economy.

Which is why we are pleased to welcome the significant extension to our Enterprise Zone, and our contribution (subject to EU funds) to the £400m Northern Powerhouse that will benefit small businesses through an investment fund, set out by the Chancellor in the Spending Review and Autumn Statement.

Read more