Local Funding

Fuse Fund is a £4m enterprise programme designed to support new businesses trading less than 3 years. It is a competitive capital grant scheme that will help new businesses to finance growth projects creating new jobs and investment across Lancashire. 

The fund can be used for:

• Capital investment projects
• Machinery
• Property improvement
• Building expansion
• Infrastructure improvement

Eligible businesses will comply with the following criteria;

• Based in the County of Lancashire (including Blackburn with Darwen and Blackpool)
• Plans for growth and the creation of jobs within 12 months of project completion
• Small and Medium Enterprise’s (SME) trading less than 36 months.
• Has received less than 200,000 Euros in public support over the past three years (including the grant amount within this application)

• Minimum grant funding of £5,000 to a maximum of £50,000
• Typically, a grant is allocated on a 1:3 ratio, 25% of the total project cost. Therefore a minimum of £5,000 grant is allocated on a total project cost of £20,000.