Frequently Asked Questions

Can you advise what grant funding may be available for investment in the area?

The UK Government can offer Selective Finance for Investment to overseas owned and domestic companies opening a new plant, expanding or modernising an existing plant in the Assisted Areas of Great Britain (GB). The aim of the scheme is to encourage investment in projects that lead to long-term improvements in productivity, skills and employment.

SFI is a discretionary grant available to both manufacturing and service sector projects which meet certain requirements:

The project must demonstrate improvement in productivity and skills
The project must make economic and commercial sense
It must take place in an assisted area. All of the major industrial and commercial centres in the North East of England have assisted area status
It would normally involve capital expenditure and create or safeguard jobs in the area
It should be of net benefit to the UK economy as a whole
The grant should enhance the project in some way, for example by allowing it to go ahead in the UK as opposed to an alternative location, or by compensating for additional risk
The amount of assistance available under SFI is the minimum necessary to enable the project to go ahead in the UK. In practice it is closely linked with capital expenditure and the number of jobs which the project creates.

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