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Funding available for business Incubator space

The North East Local Enterprise Partnership (North East LEP) is inviting Expressions of Interest from Incubator projects which match the strategic aspirations set out in the Strategic Economic Plan (SEP) and the innovation programme with significant potential to make a demonstrable contribution to the Incubator network within the region.

Projects must demonstrate clear links to the SEP and be able to provide a clear and coherent programme of business incubation support.

We anticipate that the North East LEP will be asked to fund around 50% of the capital costs of the (re)development incubator space (subject to State Aid). The maximum grant available will normally be up to a maximum of £500,000 however in exceptional circumstances, where there is clear demand and a strategically significant project is put forward, a higher level of funding may be awarded.

Prospective applicants, who can be from public, private or voluntary sector, are encouraged in the first instance to read the Project Call Information document which can be found along with other supporting information on our funding page.