Supporting your business
Middlesbrough Council is committed to supporting your business, whether it be 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.
Northern Powerhouse Investment Fund
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.
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:
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, 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.