Cambridge City Council - Science Park, Hospital Development, Medical Research - Funding & Support
Cambridge City Council provides assistance and support to investors.
Services to Investors in Cambridge include:
Business Link: the business support and advice gateway for the region
Financial Opportunities: Grants & Loans for businesses in the region
European Funding application support.
Environmental efficiency: helping business to balance growth with environmental efficiency
Manufacturing Advisory Service (MAS): tailored support for the manufacturing sector
Enterprise Hubs: supporting innovation, research and development
International investment: supporting global trade
Supporting women in business: tailored support, training and advice for women wanting to start or grow a business
London 2012 Funding: making the most of the opportunities provided by the London 2012 Olympic and Paralympic Games.
Other business assistance in the area includes well established Business Support Networks, such as Cambridge Network and St John's Innovation Centre, which provide early stage knowledge-based companies with business advice, strategic consultancy, introductions and flexible accommodation.
The Hauser Forum - The Forum is home to Cambridge Enterprise, the Ideas Space and Seminar Centre. The Ideas Space will serve as a space for innovators to come and exchange ideas, aiming to create a virtual community across the region.
For Social Enterprises in the Cambridge area, support is also available via the Future Business website.
Financial Assistance/Grants
Grant for Business Investment (GBI)
A grant under GBI is for the acquisition of key assets such as buildings, machinery and equipment, and to help create new jobs or safeguard existing ones. GBI is part of a range of support offered through the government's Solutions for Business portfolio.
Grant for Research and Development (GRD)
SMEs in the UK may apply for assistance from the Technology Strategy Board Grant for Research and Development. These grants are available across the areas of science, technology and engineering. There are three types of grants which may be obtained.
- Proof of Market – funding in order to support market research, testing, competitor analysis and intellectual property issues.
- Proof of Concept – Funding for feasibility studies, prototyping, testing, protection of intellectual property and production techniques.
- Development of Prototype – Production of demonstration models, protection of intellectual property and trials/testing required.
- For further information contact us directly here.
Loans
The Enterprise Finance Guarantee Scheme.
The Enterprise Finance Guarantee Scheme is a government-backed programme that aims to support 6,000 SMEs across the UK in the next four years. It is open to companies that have a gross turnover of £25m, and loans are available from £1,000 to £1,000,000 and are repayable over ten years. For further information regarding the Enterprise Finance Guarantee scheme please click here
For tailored information on how we can help you find and apply for the best loan to support your business, please contact us directly.
Incentives, Tax and Others
Businesses of all scales are eligible for tax incentives for undertaking research and development projects in the United Kingdom. Small and medium sized enterprises are able to claim tax credits, whilst larger corporations are able to claim corporation tax relief. Further information about this scheme is available on the HMRC website
Venture & Equity Capital
The Enterprise Capital Fund is available as a government backed scheme which supplies equity funding to SMEs. This is operated in order to try and counteract the so-called Equity Gap, where companies are attractive propositions but are nevertheless unable to attract informal or venture capital for their businesses.
Find out more about the allocation of the Enterprise Capital Fund.
Recruitment / Financial Support
For tailored information on how we can help you find and apply for the most suitable financial support, please contact us directly here
Business Accommodation Assistance
The council has a wide portfolio of commercial property and land to rent. As well as a large number of retail properties, we lease a range of office suites and light industrial units. We encourage SMEs to rent our properties, which are available at open market value.
For more information, please contact us here
Other
Solutions for business
Solutions for Business is a set of publicly funded support products and services designed to help businesses in England start, grow and succeed. Eligible businesses can gain support in areas such as starting up, understanding finance, training and skills development, resource efficiency, exploiting ideas, accessing international opportunities and growing your business. See the Business Link guide on government support for businesses.
