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Funding and business support in Redcar and Cleveland

Open to businesses in Redcar and Cleveland, including schemes for the wider region and the whole country.

Redcar and Cleveland's page: people to ring, events nearby and what is only for Redcar and Cleveland

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Local to Redcar and Cleveland 11 schemes

Open all yearLoan

UKSE business loans

UK Steel Enterprise

Business loans from UKSE for businesses in steel areas, at fixed interest rates: unsecured loans of up to £200,000 for a growing business, or up to £100,000 for a new one, and secured loans.

Amount
£35,000 to £200,000
Deadline
Open all year
Area
Tees Valley, County Durham, Cumberland, South Yorkshire, Hull and East Yorkshire, North LincolnshireLocal Landscape rating 9 out of 10
Open all yearInvestment

UKSE equity investment

UK Steel Enterprise

Equity investment from UKSE for businesses in steel areas: up to £1 million on a first round for a growing business, or up to £250,000 for a new one. UKSE takes only minority stakes and rarely asks for personal guarantees.

Amount
£35,000 to £1,000,000
Deadline
Open all year
Area
Tees Valley, County Durham, Cumberland, South Yorkshire, Hull and East Yorkshire, North LincolnshireLocal Landscape rating 8 out of 10
Open all yearSupport programme

The Freelancer Network

Tees Valley Combined Authority, Tees Valley Creates

A support service listed by Tees Valley Combined Authority for established businesses, social enterprises and start-ups in the creative, cultural, digital and tech sectors, with help on finance and funding, business planning and networking.

Deadline
Open all year
Area
Tees ValleyLocal Landscape rating 7 out of 10
Open all yearLoan

Teesside Flexible Investment Fund

FW Capital

Short-term finance of £100,000 to £2 million, managed by FW Capital, for businesses with a material presence in or delivering economic benefit to Teesside. Interest-only terms, suited to funding advance payment guarantees, performance bonds or contract-related cash flow.

Amount
£100,000 to £2,000,000
Deadline
Open all year
Area
Hartlepool, Middlesbrough, Redcar and Cleveland, Stockton-on-TeesLocal Landscape rating 8 out of 10
Open all yearGrant

SWEF Business Grant

SWEF

Grants of up to £500 for pre-revenue businesses or up to £2,000 for established businesses, for young people aged 18–30 living in County Durham or Tees Valley.

Amount
£500 to £2,000
Deadline
Open all year
Area
County Durham, Tees ValleyLocal Landscape rating 8 out of 10
Check statusOther

Business Industrial Competitiveness Scheme

Tees Valley Combined Authority

From 2027, BICS will reduce electricity costs by up to £40 per megawatt hour for eligible manufacturing businesses in the Industrial Strategy's growth sectors and foundational manufacturing industries that meet the relevant electricity intensity threshold. It also exempts eligible businesses from paying the indirect costs of the renewables obligation, capacity market and feed-in tariff.

Amount
Up to £40
Area
Tees ValleyLocal Landscape rating 6 out of 10
Check statusInvestment

Mercia Capital equity investment

Mercia

Mercia Capital, a specialist asset manager, provides equity investments, typically from £100,000 to £2 million, to growing regional businesses at start-up or scale-up stage that cannot be fully funded through conventional borrowing.

Amount
£100,000 to £2,000,000
Area
Yorkshire and the Humber, Tees ValleyLocal Landscape rating 8 out of 10
Check statusLoan

Start-up Loans – British Enterprise Fund

Business Enterprise Fund

Government-backed Start-up Loans of up to £25,000 with 12 months of free mentoring, delivered by Business Enterprise Fund (BEF) as an approved delivery partner for the Government's Start Up Loans scheme. Aimed at founders who may struggle to access conventional finance.

Amount
Up to £25,000
Area
Tees ValleyLocal Landscape rating 6 out of 10
Check statusInvestment

NEL Fund Managers

NEL Fund Managers

NEL's funds invest in ambitious growing businesses with a finance gap from £25,000, investing up to £2m, and can form part of a larger funding round with other investors.

Amount
£25,000 to £2,000,000
Area
Tees ValleyLocal Landscape rating 6 out of 10
Check statusInvestment

Mercia Capital

Mercia

Mercia is a specialist asset manager providing venture, private equity and debt finance to growing regional businesses across the North East and Tees Valley. Its equity investments are typically from £100,000 to £2 million.

Amount
£100,000 to £2,000,000
Area
Tees ValleyLocal Landscape rating 7 out of 10
Check statusLoan

Business Enterprise Fund

Business Enterprise Fund

Business Enterprise Fund (BEF) is a not-for-profit social enterprise providing flexible loans to SMEs across the North East and Yorkshire when mainstream lenders cannot fully assist. Start-up loans range from £500 to £25,000, and unsecured growth loans go up to £250,000.

Amount
£500 to £250,000
Area
Tees ValleyLocal Landscape rating 7 out of 10

For all of North East England, or the whole North 14 schemes

Open all yearInvestment

Raise investment with NorthInvest (pitch to angel investors)

NorthInvest

A business can apply to pitch to NorthInvest's angel investors for equity investment. Aimed at early-stage northern tech start-ups in healthtech, fintech, sustainability, AI and media.

Amount
£50,000 to £2,000,000
Deadline
Open all year
Area
The North of EnglandLocal Landscape rating 8 out of 10
Open all yearSupport programme

The Entrepreneurs' Forum

Entrepreneurs' Forum

A membership network where owner-managers of North East businesses meet at events and through peer-to-peer mentoring to share experience and grow faster.

Deadline
Open all year
Area
North East EnglandLocal Landscape rating 8 out of 10
Open all yearTool or resource

Locate North East England

Invest North East England

A free search facility for commercial land and property in Northumberland, Tyne and Wear and Durham, focused on key sites of 10,000 to 50,000 square feet. Provided with a free package of support from Invest North East England.

Deadline
Open all year
Area
North East EnglandLocal Landscape rating 7 out of 10
Open all yearGrant

Made Smarter Adoption Programme

Made Smarter, North East Growth Hub

Support for small and medium-sized manufacturers in the North East and Tees Valley to adopt digital technology, with a digital roadmap, workshops, grants for expert technical advice and for new software or equipment, and fully-funded Digital Interns.

Amount
Grants to help purchase new software and/or equipment (up to 50% of the overall cost); grants for expert technical advice (amount not stated)
Deadline
Open all year
Area
North East EnglandLocal Landscape rating 8 out of 10
Open all yearInvestment

NPIF II - Maven Equity Finance

Maven Capital Partners

Equity finance of up to £5 million for ambitious, growth-focused start-ups and established SMEs in the North East of England. Run by Maven as fund manager for the British Business Bank's Northern Powerhouse Investment Fund II.

Amount
Up to £5,000,000
Deadline
Open all year
Area
North East EnglandLocal Landscape rating 8 out of 10
Open all yearInvestment

North East Accelerate Fund

Mercia Ventures

Equity investment of £50,000 to £1 million in innovative, early stage companies from start-up to scale-up stages.

Amount
£50,000 to £1,000,000
Deadline
Open all year
Area
North East EnglandLocal Landscape rating 8 out of 10
Open all yearLoan

NPIF II - NEL Smaller Loans

NEL Fund Managers, British Business Bank

Loans of £25,000 to £100,000 from NEL Fund Managers for new or growing businesses in the North East and Tees Valley, for growth such as expansion, new staff, equipment, working capital or premises.

Amount
£25,000 to £100,000
Deadline
Open all year
Area
North East EnglandLocal Landscape rating 9 out of 10
Open all yearLoan

Northern Powerhouse Investment Fund II: Debt Finance

NEL Fund Managers, British Business Bank

A debt finance fund to help smaller business owners deliver their business ambitions and grow. Aimed at smaller companies that can demonstrate growth potential.

Amount
£100,000 to £2,000,000
Deadline
Open all year
Area
North East EnglandLocal Landscape rating 8 out of 10
Open all yearLoan

Flexible Business Finance

Business Enterprise Fund

Business loans from £500 to £250,000 for startups, small and growing businesses across the North of England, for startup costs, working capital, growth, equipment and refinancing.

Amount
£500 to £250,000
Deadline
Open all year
Area
The North of EnglandLocal Landscape rating 8 out of 10
Open all yearLoan

Key Fund Social Investment

Key Fund

Grants and loans for social enterprises in the North and the Midlands.

Amount
£5,000 to £300,000
Deadline
Open all year
Area
The North of EnglandLocal Landscape rating 9 out of 10
Check statusSupport programme

RTC North business support programmes

RTC North

RTC North Ltd is a support provider that delivers publicly funded business support, expert advice and innovation programmes across the North of England, for start-ups, scale-ups, manufacturers and supply chains.

Area
The North of EnglandLocal Landscape rating 8 out of 10
Check statusSupport programme

Raise funds to grow your business

Sunderland Software City

Helps founders understand and access grants, funding and investment, run by Sunderland Software City.

Area
North East EnglandLocal Landscape rating 7 out of 10
Open all yearInvestment

North East Spinout Inspire Fund

North East Fund, Northstar Ventures

Equity investment in companies spinning out from Durham, Newcastle, Northumbria, Sunderland and Teesside universities to commercialise research and innovation.

Deadline
Open all year
Area
North East EnglandLocal Landscape rating 6 out of 10

Email me more like this

We will email you when new funding appears for a business in Redcar and Cleveland, wanting to grow and become more productive.

How often

We send nothing else, and every email has a link to stop. How we use your address

Or save these answers in a free business profile: your alert then follows them whenever you change them.