The Heavy Duty Vehicle (HDV) Fund

HDV Fund

A £10.05 million Heavy Duty Vehicle (HDV) Fund will soon be available to support SMEs. This Fund has been designed to offer financial support towards meeting the required Euro standards.

The HDV fund will be administered in line with De minimis State Aid Regulations.

Nature of the business Maximum support Eligible costs
Road Freight Transport for Hire or Reward Maximum €100,000 per SME (De minimis State Aid for the current and previous 2 financial years)

Retrofit of non-compliant vehicle(s) – up to a maximum of £15K per vehicle

 

Relocation/exit lease costs – up to a maximum of £15K per SME 
Non-Road Freight Transport for Hire or Reward Maximum €200,000 per SME (De minimis State Aid for the current and previous 2 financial years)

Retrofit of non-compliant vehicle(s) – up to a maximum of £15K per vehicle

 

Relocation/exit lease costs – up to a maximum of £15K per SME

 

Lease of compliant vehicle(s) – A maximum grant contribution of up to £15k towards the lease costs of a new or used (Euro 6 diesel or above, Euro 4 petrol or above, electric, hybrid, LPG or biofuel) compliant vehicle, which can include a deposit and lease repayments of up to a maximum of 6 months.

 

Purchase of compliant vehicle(s) – A maximum grant contribution of up to £15k towards the purchase cost of a new or used (Euro 6 diesel or above, Euro 4 petrol or above, electric, hybrid, LPG or biofuel) compliant vehicle.
  • The funding can be a mixture of the above (purchase/lease/retrofit/relocation/exit lease costs), but the funding available per SME is capped at approximately £170,000 and is subject to eligibility. (Maximum €200,000 per SME (De minimis State Aid for the current and previous 2 financial years))

You can register for the HDV Fund by emailing us your details (Name, Business Name, Email and Phone number) using the link below . We will contact you when the programme launches. 

Email Us

For information on other available grants, please visit the following website for details:

https://www.birmingham.gov.uk/info/20139/support_for_business