Pedal Peak for business grants


European Union - European Regional Development Fund

Pedal Peak for business grants scheme

We are operating a grants scheme as part of the Pedal Peak for business initiative to support Derbyshire businesses to purchase fixed equipment to enable good quality experiences for all types of cyclists and stimulate the cycling economy.

The fund will provide 50% towards the expenditure for small-scale projects which will help create cycle friendly places that cater to cyclists' needs. Cycle friendly places will encourage residents and visitors to explore the area on two wheels, whilst contributing more to the local economy. Previous similar grant schemes demonstrate the strong economic benefits which can be achieved from such investment.

This pot of money is available for a limited time only until early December 2018 and is part of our successful bid to the European Regional Development Fund (ERDF) Growing and Developing the Visitor Economy Sector within Derbyshire. The project is funded from the ERDF as part of the European Structural and Investment Funds Growth Programme 2014-2020.

Who can apply?

  • All types of tourism businesses may apply, including Sole Trader, Partnership or a Limited Company.
  • Businesses must be located in Derbyshire within a specific area; in exceptional circumstances a grant outside the target area could be considered.
  • Businesses must have less than 250 employees at the time of their application and be classed as a micro, small or medium-sized enterprise.

The fund is targeted at businesses in Derbyshire in and close to the following cluster areas to achieve maximum impact:

  • Bakewell, Rowsley, Matlock and the Monsal Trail.
  • Ashbourne, Hartington and the Tissington Trail.
  • Wirksworth, Carsington and the High Peak Trail.
  • The Hope Valley.

How much is available?

This is a small grant. The advisory minimum you can apply for is £1000 and the usual maximum £5000, but for exceptional schemes a larger award up to £10,000 could be considered. Smaller grants of £500 or less can also be awarded if a business receives 12 hours of business support, which includes attending our workshops and events. Businesses need to provide 50% of the total project costs. Items under £250 only need the one quote, but we recommend you shop around first to ensure you are getting the best price / value.

Project Spend Grant Claimable
£2,000 £1,000
£3,500 £1,750
£5,000 £2,500

What can the grant fund be spent on? Some examples…

Cycle rack at Millers Dale StationThe scheme is aimed at small scale one-off capital projects; below are some examples. If you're looking for further inspiration check our Pinterest board.

  • Secure bike storage for holiday accommodation guests
  • Bike shelters, locks or fixed equipment, like work stations for use at cafes
  • Facilities that enable accommodation providers to meet Cyclists' Welcome standards
  • Inner tube vending machines
  • Provision and installation of fixed cycle racks
  • Fixed public pumps with or without tools
  • Bike wash facilities
  • Links in network of bike paths / connectivity making it easier, more convenient and enjoyable for more people to cycle
  • Delivery and installation costs are also covered

Examples of what it does not cover:

  • Revenue schemes such as cycle training or promotional media
  • Guided rides or staff time
  • Purchase of bikes
  • Purchase of furniture, vehicles or trailers
  • Purchase of second hand equipment

Cycle rack at a cafe in Hope

Funding criteria

Projects must demonstrate one or more of the following outcomes:

  • A cyclist friendly idea which will make a difference
  • New jobs created and / or new to firm products
  • The potential to be financially sustainable beyond the grant funding stage
  • Collaborative ventures with complementary businesses

The more criteria that your project meets the more likely it is to be supported. All projects must be completed and invoiced by the middle of December 2018. Payment will be made on completion of projects.

How to apply

Sorry the grants scheme is now fully allocated and closed to new applications.

Useful links

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