Deadline: 26-Sep-22
Richmondshire District Council’s Small Business Grant scheme is open for applications.
The Small Business Grant Scheme has been established to encourage the formation of new enterprises and stimulate the growth of established small businesses. The grants are targeted at new business start-ups and businesses less than 36 months old with no more than 5 employees. Businesses must demonstrate a need for the grant and provide a Business Plan with a financial forecast outturn.
Funding Information
- Applications can be for no more than £1,000;
- Eligible businesses should be solvent but have no more than £25,000 un-ringfenced business reserves at the time of making the application or at their last yearly accounts. This must be evidenced by providing two years’ worth of accounts where possible. This does not apply to new or start-up businesses who should provide a detailed breakdown of the current reserves in their business account and projected income/expenditure for a 6 or 12 month period.
Eligibility Criteria
- Applications can be made for assistance towards the following costs:
- The provision of necessary machinery and equipment (excluding vehicles and consumables)
- The extension, adaptation or improvement of facilities within premises (not for structural repairs or maintenance of existing building or installation of utilities)
- Marketing where it forms part of a promotional programme, which is likely to lead to additional jobs.
Selection Criteria
- The maximum percentage of the total projects costs which can be applied for is 75%;
- Applications can be made by new/start-up businesses and businesses less than 36 months old.
- New and/or Start-up businesses must have discussed their project idea with a Business Growth Manager prior to submitting an application.
- Businesses that are already established aged up to 36 months must have discussed their project and had a business appraisal with a Business Growth ManagerA minimum of 2 quotes must be provided for each item to be purchased.
- Grants are for businesses which are based within the Richmondshire District Council boundary.
For more information, visit https://www.richmondshire.gov.uk/business-and-economy/economic-development-and-business-support/funding-for-businesses/