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Self Employed Financial Assistance

Whether you are setting-up in business or an established growing business, you may be eligible to apply for grants in the following areas;

  •  Towards setting up and developing a business 
  •  Towards expenditure on capital equipment
  •  To provide a contribution towards business rates
  •  The creation of employment
  •  Security works
  •  Towards the introduction and development of information technology
  •  Accessing new national and international markets 

We currently operate the following financial assistance schemes. Funding is available to businesses setting up and existing businesses located in Hartlepool.

Hartlepool Enterprise Development Fund

The Hartlepool Enterprise Development Fund is available to all businesses based within or setting up in the Borough of Hartlepool.

To be eligible for assistance, the business must be involved in some form of manufacturing or providing services to the manufacturing sector.

The fund is available to start new businesses or those currently trading but under 3 years old and employing less than 10 people. 

The purpose of the fund is to assist individuals with the costs of starting up a new business or for those businesses already trading to assist with expansion projects that involve capital expenditure or stock purchase.

Sole traders can apply for assistance for up to £2,000 and other forms of businesses can apply for up to £5,000.

Main Grant Scheme

The Hartlepool Main Grants package is available to eligible businesses who are undertaking projects that involve capital expenditure and the creation of full time permanent jobs. 

The scheme is available to manufacturing companies or manufacturing related service companies only.

Rates Equivalent Grant - Grant support can amount to 50% of the first year's business rates subject to a maximum of £10,000.

Capital Investment Grant - Grant support can amount to 50% of eligible costs on plant and equipment up to a maximum of £10,000.

Jobs Creation Grant - Grant support can amount to £1,000 per job created for umployed Hartlepool residents up to a maximum of £10,000.

Business Security Grant

The Business Security Grant Scheme is part of the Hartlepool Borough Council Business Grants Package and is available to all businesses based within the Borough of Hartlepool.

The grant is ONLY available to businesses involved in some form of manufacturing or the associated service sector. 

The fund is designed to help businesses to implement security measures to their premises and sites. Eligible security works can include:

  • CCTV
  • Security Alarm
  • Roller Shutters
  • Security Doors
  • Window Grilles
  • Security Fencing
  • Security Lighting

The grant is available to cover 50% of total eligible costs up to a maximum of £2,500 for the purchase and installation of security equipment. 

Women's Development Fund - Enterprise Award

If you are a female resident in Hartlepool who is setting up your own new business or new form of self-employment, you can apply for up to £500 for advertising and publicity to help promote your new business. 

Access to Markets Fund 

The Access to Markets Project aims to encourage and support businesses that would like to grade both regionally and nationally with the view to eventually trading overseas. 

As part of this initiative funding in the form of a grant is available to all businesses based within or setting up in the Borough of Hartlepool via the Access to Markets Fund. 

ICT Bursary / Grant Scheme

The bursary/grant scheme has been established to assist new and young businesses within Hartlepool to develop their business using technology.

Business start-ups and developing SME's who have been trading for a minimum 6 months and maximum 24 months are eligible to apply. All beneficiaries must be Hartlepool businesses or residents. 

ICT start-ups, start-ups using technology and existing businesses who wish to use technology to develop their company can apply for financial assistance of up to 50% costs up to £2,000 towards the purchase of equipment, training, research and development of products, consultancy, software etc. 

Tees Valley Combined Authority 

Tees Valley Combined Authority is the Local Enterprise Partnership for the area, which aims to deliver jobs and economic growth across the Tees Valley. TVCA can assist businesses to access support and financial incentives to help businesses invest to create jobs for the local economy. 

Other assistance available in Hartlepool

There are other financial assistance schemes available to businesses such as grants as well as venture captial and loan equity from a variety of support organisations both in the North East and nationally. Further information is available from the Government Portal GOV.UK

Businesses can also get advice and support over the phone on starting and running a business from the National Business Support Helpline (0300) 456 3565.

For further detailed of the above mentioned schemes and what is currently available for your project please contact the Hartlepool Enterprise Team. 

Hartlepool Enterprise Centre

Brougham Terrace

Hartlepool

TS24 8EY

info@investinhartlepool.com

01429 867677