NBSL, in partnership with the North East Combined Authority, are delighted to announce the launch of the next phase of the North of Tyne Business Support Fund (NoTBSF) thanks to funding from the UK Shared Prosperity Fund
This Grant programme will help local growing businesses to access high quality external expertise to deliver business improvement projects.
Grant Offer
NoTBSF will provide up to 50% funding for projects that cost between £3,000 and £8,000 (VAT costs cannot be funded).
Eligibility Criteria
Business must:
• Be based in Newcastle, North Tyneside or Northumberland i.e. the business pays its business rates to one of the Councils in those three areas
• Be Trading i.e. making sales
• Be an SME – employing fewer than 250 staff
• Be planning to grow i.e. creating new jobs or safeguarding existing jobs.
• Not have received more than £315,000 of combined State Aid under the Minimum Financial Assistance (MFA), Services of Public Economic Interest Assistance (SPEIA) or Special Drawing Rights (SDRs) allowances.
MFA has a financial threshold so no organisation can receive more than £315,000 over the applicable period. The applicable period is:
• The elapsed part of the current financial year (i.e., from 1 April 2025), and
• the two financial years immediately preceding the current financial year
Projects must:
• Support business growth i.e. create and/or safeguard jobs
• Take no longer than 3 months to complete
• Be completed, and the Grant claimed, by February 2026 at the very latest
Interested Clients:
Further information – https://growwithnbsl.org.uk/notbsf-overview/
Applications will be assessed for eligibility from the 2nd June 2025 but businesses can apply now to be among the first to take advantage of the new offer – https://forms.nbsl.org.uk/notbsf-grant-application/
Eligibility queries – please email us and we’ll arrange a chat fundingsupport@nbsl.org.uk
Business Improvement Projects eligible for a Grant
Listed below are the main types of project NBSL can fund:
- Business Growth Planning Strategy Development
- Change Management Business Expansion Planning
- Product Development / Diversification Developing Quality Management Systems
- Process Improvement Systems Financial Restructuring
- Marketing Planning Web Design / Development
- Software Development Succession Planning
- HR Strategy Planning and Development Design Costs for Marketing
- Video Production Development of Animations
If anyone has a project in mind that’s not on the list, please get in touch with NBSL directly who will try to help. This grant cannot fund capital or small equipment purchases.
This project is part-funded by the Government’s UK Shared Prosperity Fund through the North East Combined Authority.
If you would like to discuss this funding with a member of the FADNE team, please email ian@fadne.org.
