Supporting investment

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Middlesbrough Council

Middlesbrough Council is committed to supporting your business, whether it’s a start-up, an expansion, or a relocation.

Businesses occupying a property with a rateable value of £12,000 per year or less are currently exempt from paying business rates. The rate of relief decreases gradually from 100% to 0% for properties with a rateable value between £6,001 and £12,000.

Apply for business rate relief.

North East Enterprise Agency

If you’re looking to set up a new business, you can access a package of support specifically for your own start up needs. The support is fully-funded and includes a variety of workshops where everything is covered to start your own business. In addition, if you’re looking at setting up a business in one of the Tees Valley’s priority sectors and recruiting new staff, you may be eligible for grant support.

Visit the North East Enterprise Agency website to find out more.

Northern Powerhouse Investment Fund

The Northern Powerhouse Investment Fund (NPIF) aims to nurture regional entrepreneurship by providing investment and support for small and medium businesses between 2016 and 2021. The NPIF’s funding will support new and growing SMEs, create jobs, and encourage and attract additional private sector investment.

The NPIF provides commercial finance through three types of product funds: microfinance, debt finance, and equity finance. These funding options are designed to plug common gaps in the provision of finance, giving your business access to the funding it needs to help it grow.

Find out more about the Northern Powerhouse Investment Fund.

Skills Support for the Workforce training

Develop the skills to grow your business with Skills Support for the Workforce. Fully funded training is available for small to medium sized businesses in the Tees Valley region. SSW training can boost skills, increase productivity and meet your current and long-term skills needs.

Visit teesvalley.fundingunit.org.uk or call 07948 320817 for more information.

Skill Support for the Workforce leaflet

Is SSW for you and your company? Gwyn Hughes, Contracts Manager at Hughes Bros. saw a huge increase in team morale after working with the SSW team. “By investing in our staff and giving them the opportunity to upskill, they feel valued to the company. We are a business that wants to grow, and our employees are at the heart of this.”

Read more about the Hughes Bros. SSW experience

Tees Valley Business Compass

The Tees Valley Business Compass is your one-stop-shop for business growth support and funding.

They work in partnership with Middlesbrough Council to provide a dedicated, tailor-made service to help your business succeed and grow.

They have four funds you may wish to access if you’re looking to grow:

To find out more about the Tees Valley Business Compass, visit their website. Or register your interest in one of their schemes.

Tees Valley Business Compass is the local growth hub delivered by BE Group on behalf of Tees Valley Combined Authority. It helps ambitious businesses realise their growth potential by offering access to a range of practical services, from local business information and assessing growth options through to unlocking finance and funding streams. The growth hub is part-funded by the European Regional Development Fund and the department for Business, Energy & Industrial Strategy.

Link to download the City Centre Strategy

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