Loans and grants

Whether you are an existing business or planning to start or relocate your business in Hull, there are a number of business finance schemes you may be able to access -

• Regional Growth Fund (RGF) is a £1.4 billion fund providing support for projects and programmes with significant potential for creating long term private sector led economic growth and employment
  
  
• Acorn Fund is a registered community development finance initiative formed to provide financial support for businesses who are unable to raise finance from traditional sources
  
  More information about the Acorn Fund
  
  
• Sirius can offer business loans to local people seeking to establish a business in the area, or to expand an already successful business
  
  More information about Sirius
  
  
• Finance Yorkshire is a £90million fund which provides businesses across Yorkshire and Humber with funding to start and grow
  
  For more information visit the Finance Yorkshire website (link opens in a new window)
  
  
• Youth Enterprise Bank is for young people up to and including 19 years of age. It offers grants of up to £1,000 for people who need finance to help make their idea happen
  
  For more information visit the Youth Enterprise website (link opens in a new window) 
  
  
• Enterprise Finance Guarantee is available to small and medium sized enterprises that have viable business plans but are finding it hard to access the finance or working capital needed. This government backed scheme supports new lending by providing a guarantee to lenders. Most high street banks are approved lenders
  
  For more information or to assess your eligibility for the scheme visit the Business Link website (link opens in a new window)