Small Business Growth Grant
The Small Business Growth Grant is available to local micro businesses of up to 10 employees. Grants of up to £2,500 are available, with a 50% match funding contribution required (exclusive of VAT).
For example, if you want to purchase some equipment that costs £1,500 - a contribution of £750 would be required from your own funds and you can apply for £750 from the grant fund. Any added VAT would not be refunded and is not counted within the project cost.
You must be able to demonstrate how the project will develop your business and what difference it will make.
Payment will be retrospective. Applicants will need to ensure they have total funds available upfront and are in a position to commence the project straight away. Once approved, applicants will also be required to supply relevant paid invoices within 30 days.Click here for more information
The Apprenticeship Grant is available to individual businesses of up to 50 employees. A one off payment of £1,000 per apprentice is available towards the cost of taking on an apprentice. Individual businesses can apply for up to two grants.Click here for more information
Kevin Pearce, Director of Cedar Garage, is one of those to have used the funding to provide young people with an on-the-job training experience.
He said, “We heard about the application process after we had been to a networking breakfast. I looked into it and found out a little more about it. The application was really easy as I just filled out an online form.
“We didn’t have to wait long and we were successful with both our apprenticeship applicants. It really helped with the onboarding of the apprentices allowing us to budget for other costs that are involved with taken on apprentices.”