£24m funding opportunity for toolmakers and component manufacturers

The £24m National Tooling Funding Programme was created to help toolmakers and component manufacturers fund the design, development and manufacture of tooling or the expansion of tooling capacity. It is available to companies throughout England, provided that the final manufacture of the tooling and subsequent component part is undertaken in England. Loans of between £50,000 and £1m are available.

Further information is available online, where you can find an expression of interest form, an application form and guidance notes for applicants.

The programme has been launched by the Department for Business, Innovation & Skills (BIS), the Society of Motor Manufacturers & Traders, the Automotive Council and Finance Birmingham, though businesses in Buckinghamshire and the rest of England are equally as eligible to receive funding as those in Birmingham.

For further funding opportunities, visit the Buckinghamshire Business First support tool and click on ‘Funding’ or if you are a manufacturer thinking of bringing production back to the UK, don’t miss our Reshoring event on 18th September. Book online now!