The specific support schemes listed on this website are not exhaustive. To talk to a Growth Hub advisor for free, call the Business Helpline on 0300 111 8002 or email Alternatively, if you are looking for expansion and location support contact the Make It Team

Staffordshire Business Start-up 0% Interest Loan Scheme

The Staffordshire Business Start-up Loan scheme has been set up in recognition of the impact that COVID-19 restrictions have had on businesses in the region.  We know that Staffordshire is a hotbed of talent and we are keen to support budding entrepreneurs affected by the current pandemic.
What is the criteria of the loan?

  • Business must be based in Staffordshire (excluding Stoke-on-Trent)
  • Interest free
  • Loans of £3,000 - £5,000 available
  • No set-up fee
  • No requirement for match-funding
  • Unsecured
  • Re-paid in full after 12 months

Applicants for the start-up loan will need to have attended the Staffordshire Start-up scheme (or similar start-up mentoring programme).
Call 01782 202222 or email: for more information on the Start-up scheme
For further information on the start-up loans email:

Midlands Engine Development Fund

The Midlands Engine Investment Fund (MEIF), supported by the European Regional Development Fund, provides commercially focussed finance through Small Business Loans, Debt Finance, Proof of concept and Equity Finance funds.

The Midlands Engine Investment Fund aims to transform the finance landscape for smaller businesses in the Midlands and to realise the region’s potential to achieve economic growth through enterprise.

MEIF is a collaboration between the British Business Bank and ten Local Enterprise Partnerships (LEPs) in the West Midlands and East and South East Midlands.

MEIF provides over £250m of investment to boost small and medium business (SME) growth in the Midlands.

If your business is located in the Midlands and you are looking to scale up, select one of the funding options from the website to see how the fund can help.

Stoke-on-Trent & Staffordshire Business Loan Fund

The Stoke-on-Trent and Staffordshire Business Support Fund was specifically designed to meet the needs of local businesses, for which business finance can sometimes be a problem. Lack of track record, unreasonable security arrangements, past financial problems or simply not meeting conventional credit scoring methods can all hinder the process.

The Fund is administered by the Black Country Reinvestment Society, a mutual organisation owned and run by members. The fund’s purpose is to provide access to finance to enable local businesses to grow and prosper. Rather than face impersonal computerised credit scoring, applicants will be able to meet and talk to one of the Business Development Managers to develop the loan application.

Loans are available to businesses who can make a positive contribution to the social, environmental or economic wellbeing of Stoke-on-Trent and Staffordshire. The loans are made to any form of business, from Sole Trader to Limited Company, provided the business is located within Stoke-on-Trent and Staffordshire.

The loan period will vary on a case by case basis. Should it be for a capital asset, the loan will be for less than the useful life of that asset. Should it be for a revenue item e.g. to assist with cash flow, then every effort will be made to structure loan repayment within the projected cash generation of the business.

Each loan is judged on its own merit; there is no specific amount that the applicant is expected to put into the project. Although security on the loan is taken wherever possible, some loans may be made without security.

The loans are available between £10,000 and £50,000. Unfortunately, certain sectors are ineligible for the fund; these include retail shops and property developers.

To apply call 0845 313 8410 of visit the website Details on other BCRS finding can be found here.

Michelin Development Fund

Michelin Development in the UK aims to contribute to the economic regeneration and long-term prosperity of the areas in which Michelin’s sites are/were located. The Michelin Development Fund supports new and existing businesses, up to 250 employees, within North Staffordshire. Its aim is to support projects that can demonstrate the potential to create high quality, sustainable jobs.

There are two sources of support available:

Financial Support
Successful applicants can receive access to finance:

  • Unsecured loans from £5,000 through Michelin’s associate bank at a subsidised interest rate
  • Repayment period of three to five years

As the funding is private, it can normally be used to ‘gear up’ public and other forms of loan funding.

A Michelin Development loan can be used for a whole range of projects which are linked to the creation of jobs.

This could include purchase of capital equipment, process improvement, working capital and marketing – to name but a few.

Note: in most cases, the applicant will be required to invest some of his or her own equity into the project.

Advice and Expertise
Applicants can access free, independent advice from Michelin’s considerable in-house expertise. The areas covered can be tailored to your business’ needs and could include recruitment, health & safety, sales and marketing training, or productivity – to name but a few. The advice and expertise support can be delivered to you in a variety of different ways including workshops with small groups of people or one-to-one sessions.

For further information, please call 0800 056 2007.

UK Steel Enterprise

UK Steel Enterprise UK Steel Enterprise is a subsidiary of Tata Steel (formerly Corus Group) that provides finance to growing companies in steel areas such as Stoke-on-Trent and the Black Country.

Business finance: what is available?

  • Equity based investments of up to £750,000 for growing businesses, management buy-outs, buy-ins, acquisitions of other businesses etc.
  • Loans from £25,000 at fixed interest rates, usually unsecured.
  • EFG loans for eligible businesses.
  • Grants alongside the above finance for those companies creating jobs who meet the Regional Growth Fund criteria.

The fund's primary focus is successful growing companies which meet the following criteria:

Location: located in Stoke-on-Trent, Newcastle, Keele or the Black Country – including Wolverhampton, Dudley, West Bromwich, Stourbridge, Halesowen and the area covered by the four councils of Wolverhampton, Dudley, Sandwell and Walsall. 

Sector: operating in manufacturing, industrial service, technology or other B2B sectors (not necessarily steel related)

Purpose of funding: can include new equipment, working capital, relocation, MBO, MBI, acquisition or to develop a new business.


  • Security or personal guarantees rarely required
  • Interest rates are competitive and fixed for the term of the loan

Equity investments:

  • Leave control with company management.
  • Don’t insist on an exit deadline.
  • Don’t impose penalty clauses.

How to apply

Please call on 0800 915 1188 in the first instance to ensure that the location and type of business is one that can be considered. Key contacts can be found and messaged on the  UK Steel Enterprise website (

Advanced Manufacturing Supply Chain Initiative

The Advanced Manufacturing Supply Chain Initiative West Midlands and Liverpool City Region (WMLCR) programme was launched to support an increase in the growth of the automotive and aerospace manufacturing sectors by addressing market failures. It seeks to deliver this by improving the competitiveness of supply chains to globally competitive levels as well as attracting new manufacturers to be based in the UK.

The programme seeks to support the development of productive capacity in four Local Enterprise Partnership (LEP) areas: Black Country, Coventry and Warwickshire, Greater Birmingham and Solihull and Liverpool City Region Designed to promote closer collaboration within the supply chain, the £25m fund, adopts a flexible approach by offering loans and potential grant support. Helping to support and strengthen manufacturing businesses looking to develop and grow, the programme supports specific project funding, in particular towards the purchase of capital equipment, working capital requirements and complimentary Research and Development. The fund also supports specific training and skills development to support the project.

Key Features

  • £25m fund available for businesses located within the four Local Enterprise Partnerships of the Black Country, Coventry and Warwickshire, Greater Birmingham and Solihull and Liverpool City Region.
  • Open ended rolling programme with recycled funds as they come available – first come first served basis.
  • No maximum on applications, minimum of £100k.
  • Sole and Consortium bids.
  • Open to Automotive and Aerospace supply chains.
  • For the purpose of projects which include the purchase of capital equipment with complimentary research and development, and training and skills development to support a project.


  • Applicants operating as part of an aerospace and/or automotive supply chain.
  • Either collaborative or single applicant bids.
  • Based within the four LEP areas consisting of the Black Country, Coventry & Warwickshire, Greater Birmingham & Solihull and Liverpool City Region. To be eligible, 90% of the public support has to be against eligible costs incurred within these geographical areas.
  • Must be State Aid Compliant.
  • Focus on job creation and safeguarding of existing workforce.
  • Applicants will need to demonstrate the additional nature of the activity and that the outcomes could not be achieved in the absence of support.

For more information and application information please visit