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CWLEP

HOME
ABOUT
- What Is A LEP
  
  “..locally-owned partnerships between local authorities and businesses, playing a central role in determining local economic priorities...”
- Our Strategy
  
  “...removing barriers to growth, creating jobs across Coventry & Warwickshire, showcasing the area as a great place to grow a business...”
- Who's Involved?
  
  “...a proactive and dynamic public and private sector partnership”
- Get Involved
  
  “...consultation, Business groups, events and social media, your chance to discuss your barriers to growth...”
NEWS
BUSINESS GROUPS
- Planning
  
  “Influencing policy and creating the spatial framework to encourage growth ”
- Funding and Access to Finance
  
  “Identify barriers to businesses in Coventry & Warwickshire in accessing finance by segmenting the overall business finance market and understanding the differing issues relating to start-up, renewal of existing facilities and financing growth. ”
- Skills
  
  “To develop local strategies that will ensure the provision of specific skills that are and will be required to support job creation and future economic growth and also develop strategies to help fill current vacancies in the job market. ”
- Energy
  
  “To develop a vision/strategy for a ‘low carbon future’. Priorities of the Group are; Low Carbon Mobility, Retrofit of housing stock leading on Green Deal initiatives and Smart Networks. ”
- High Value Manufacturing
  
  “Opportunities presented by genuine supply chain collaboration and exporting are a strong theme. Access to finance and skills challenges are also a priority, helping businesses to become “investment ready”. ”
- Transport
  
  “To act in an advisory capacity to the LEP Board on all transport matters (strategic and otherwise) and identify the transport priorities (led by economic criteria) to support the aims and objectives of the LEP. ”
- Small and Medium Businesses
  
  “Aiming to develop and approve an SME Engagement Plan ”
- International Business Group
  
  “The purpose of the group is to develop the sub regional offer in terms of promoting all the great reasons why business should invest and grow their business in Coventry and Warwickshire. ”
KEY SECTORS
- Intelligent Mobility
  
  “The convergence of transport and communications”
- Advanced Engineering
  
  “Leading the way with technology and innovation”
- Low Carbon Vehicles
  
  “Building on our automotive heritage”
- Digital Technology
  
  “UK hub for Serious Games, a global leader in smart spaces”
EVENTS
RESOURCES
CONTACT

Types and Sources of Funding

The type and source of funding required will often relate to the stage of a company’s development and trading position. Below is a list of typical headings that may cover some of these needs:

Finance Requirement	Typical Solution /Type of Product
R&D	R&D grant / seed equity / R&D tax credit
Start-up	Loan / equity
Early stage commercial development	Loan / equity / grants / R&D tax credit
Short term working capital	Overdraft
Expansion and growth	Loan / equity / invoice finance / leasing
Capital equipment purchase	Loan / leasing / hire purchase
Stock purchase	Loan / overdraft / specialist finance
Relocation	Commercial mortgage / local grant
Staff training and development	Grant

Find out more:

Funding for research and development

Early stage Start Up funding for businesses & social enterprise concerns

Expansion / Growth – Capital Equipment / Stock and Export Finance

Equity - Early Stage/Seed Expansion & Growth Funding

“ „
Good businesses will always find a way to develop and grow
Brian Colquhoun, Yorkshire Bank

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Through the LEP Low Carbon Task Force, we are working to ensure that everyone - dependent on individual circumstances - can access funding to help lower their energy bills and reduce CO2
Cllr Alan Cockburn, LEP Board Member

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The work we're doing with the LEP to grow the low carbon sector in Coventry and Warwickshire which could create thousands of new jobs in the next few years in areas such as building sustainable homes, refitting existing homes and designing and building low carbon vehicles
Councillor Linda Bigham, Cabinet Member for City Development

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High-skilled, high-value manufacturing and engineering should be a central part of our long-term future
David Cameron

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Coventry & Warwickshire LEP has a high profile and very good connections at Westminster and we will be ensuring that lobbying continues
David Tucker, LEP Transport Focus Group

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Engineering underpins every aspect of our lives. As the bridge between scientific discovery and commercial application, engineering feeds and clothes us and enables us to work, travel and communicate
Lord Browne, former CEO of BP