• organisation must be an SME
• undertaken within the Enterprise Grant Areas of the English regions e.g. Sheffield
• expenditure is on fixed assets such as equipment, plant and machinery, and/ or associated land, site preparation and buildings (up to £500,000 investment)
• are high-quality
• demonstrates a need
• viable and have good prospects of becoming self-sustaining

The level of grant depends upon the needs, quality and location of the project but up to 15 per cent gross of capital costs may be supported.

Eligible businesses are those that qualify for state aid it does not include steel production, retail, local services, mining and ship building.

South Yorkshire Investment Fund (SYIF)

This fund is targeted at existing businesses or those looking to locate in South Yorkshire, that are viable, privately owned and whose funding cannot be met fully from traditional sources.

SYIF provides loan and equity finance, practical advice and support (Money with Management) and access to the Business Angels finance network.

The fund will supplement the organisation's own finances by offering :

• Small Business Fund - loans from £15,000 to £100,000 - for the first stages of business success
• The Development Fund - loans packages from £100,000 to £250,000 - aimed at ensuring continual growth
• The Capital Fund - providing share capital from £100,000 to £1,000,000 for businesses with potential for rapid expansion