Sources of Finance

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Looking for additional funding to help you expand and create jobs? Or do you need assistance in starting your own business?

There are a great number of support and grant programmes available to businesses across the Cannnock Chase Distrcit, whether you are just starting out, or you are a trading SME.

Below you will see our most utilised grants - For more information on these, or to find out what other grants or support could be available to you, please contact the Economic Development team on 01543 464267.

The Lets Grow Grant 

The Lets Grow Grant is a 50% match funded grant of up to £5,000 to help businesses grow and expand.

The grant can help businesses purchase Captial equipment including (but not limited to): office furniture, electrical equipment, machinery or vehicles.

The Business must be paying business rates (or will be) to the Cannock Chase District, trading for at least 6 months, be in an eligible sector and have not committed to the expenditure already.*

For more information please contact the Economic Development Team on 01543 464267.

* Note there are further eligibility criteria

Lets Get Started 

To be eligible you must have been trading 6 months or less, businesses that have been trading longer than 6 months may be able to apply for up to £5,000 to expand their business and take on new staff using the Lets Grow Grant.

Grants of up to £1,500 are available and are match funded by 50% to help individuals that have an idea for a sustainable business which over time has the potential to develop and create jobs. The grants are open to Cannock Chase residents that will be setting up or have recently set up a business in the District.

Applicants must have a credible Business Plan to be able to apply for this funding.

For more information please contact the Economic Development Team on 01543 464267.

West Midlands SME Grant Programme (WMGP)

This grant is for:

  • Start-up SMEs based in the West Midlands Region (grants of £2,500 to £7,500 are available for Birmingham Cannock Chase and Solihull based businesses only)
     
  • Existing SMEs based in the West Midlands Region (grants of £5,000 to £100,000 are available for Birmingham, Cannock Chase, Solihull, and Shropshire based businesses)
     
  • A one-off £2,000 apprenticeship grant (for Cannock Chase based businesses only)

    Eligibility criteria applies - for more information please visit Birmingham City Council's website

 

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