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Funding opportunities for local businesses

There are a number of funding opportunities available for local businesses. Some are only for certain areas, some are for rural, not urban, businesses and some are for very specific projects. An outline of the funds available at the moment is given below.

Velocity grants

The Velocity Business Support Programme is a free business support service for local businesses. Velocity provides advice and guidance to ambitious small to medium-sized businesses that want to go further. In addition to free one-to-one advice from local business advisers, the service offers a business development grant of up to £10,000 and capital grants of up to £50,000. Free local business workshops are also available. See  South East Midlands Local Enterprise Partnership (SEMLEP).

Low Carbon Workspaces grant

Grants of up to £5,000 are available from Low Carbon Workspaces, to help SMEs in Northamptonshire reduce their energy bills and lower their carbon emissions

Low Carbon Workspaces is an ERDF-funded grant programme that helps SMEs identify opportunities to reduce energy usage, and provides grants of up to £5,000 to help pay for the installation of energy efficiency upgrades. Grants of between £1,000 and £5,000 are now available to SMEs based in Northamptonshire to cover up to a third of the capital cost of energy-efficiency upgrades. Upgrades must take place in commercial premises, and the types of installations which can be funded include LED lighting, solar panels, boiler upgrades, double glazing, insulation and more.

The purpose of the fund is to help local businesses reduce energy bills, cut carbon emissions and improve eco-credentials as part of the U.K goal to achieve carbon neutrality by 2050. As the economy looks to rebuild and grow from the COVID-19 crisis, Low Carbon Workspaces can help businesses build back greener and recover in a more sustainable way.

Rural Funds

The Prince’s Countryside Fund seeks applications to support activity that results in a long-term positive impact on rural communities by helping the people that live and work in the countryside. The current grant programme aims to tackle the following key rural issues:

  1. To improve the prospects of viability for family farm businesses
  2. To sustain rural communities and drive economic vibrancy
  3. To support aid delivery in emergency and building resilience

The maximum grant is £50,000.

Funding is available in funding rounds. The next round opens in September 2017.


Energy saving

The Carbon Trust Green Business Fund gives energy efficiency support, energy assessments and funding for small and medium-sized businesses. Up to £10,000 is available as a capital contribution towards your energy saving equipment purchase.

Young people starting a business

The Prince’s Trust works with 18 to 30-year-olds to turn big ideas into a business reality through their Enterprise programme. They offer training and mentoring support and access to funding and resources.


Shopfront grants in Rushden

Rushden Town Council offers shopfront grants for Rushden businesses of up to £500.

Contact the Town Council through or telephone 01933 316216.

Trying to understand your business finance options? Whether you are starting-up, self-employed or looking to grow your business - find the answers to your questions within our comprehensive FAQs and guides.

More information

  1. Starting a business checklist
  2. Checklist for starting a business
  3. Supporting new businesses
  4. Funding opportunities for local businesses (you are here)
  5. Other services you will need