Have you applied yet? Micro-business Grant Scheme 2018 – It’s a first come first serve basis so don’t miss out!
Link to the application portal – http://www.midsussex.gov.uk/licensing-business/micro-business-grants/
Summary of the funding
– Funding of up to £2,000 is available for projects that will help micro-businesses grow, however must be matched by the same contribution from the business – Funding of £1,500 is available to assist micro-businesses with employing an apprentice – A total of £72,000 is available for allocation.
– Only businesses with fewer than 10 employees, and located in the district, are eligible – Businesses must be properly constituted and able to provide evidence of this (such as accounts, VAT registration number (if applicable), copy of Companies House documentation, evidence of registration as a sole trader) – Projects must be things that will contribute towards the growth of the business and not to cover the costs of “business as usual” – Only one application can be made per business – A due diligence review will be undertaken for each business making an application.
– Applications will require the following information: – Confirmation of eligibility criteria – Confirmation of match funding – Description and cost of the proposed project – Description of timescale for the proposed project – Description of benefits to be delivered by the proposed project.
– Applications can be submitted at any time through an on-line application form – The Cabinet Grants Panel will meet monthly to consider applications that have been received – Applicants will receive an acknowledgement of their application on receipt and be advised at which meeting their application will be considered – Following consideration of applications, applicants will be informed of the outcome within 1 week.
– Projects will be required to demonstrate how they deliver one or more of the following benefits:
– Wider outreach – the ability for the project to develop a wider customer base, examples include the development of IT systems or the increase in scale at which the business operates at.
– New business lines – any aspects of the project that lead to the creation of additional services that the business provides, such as new products or a wider range of services.
– More employees – relating to any new sustainable employment that the grant will provide the business, either directly or indirectly through growth. We also strongly support the hiring of an apprentice.
– Community benefit – whether the project delivers benefits to the community such as the promotion or delivery of community events or local charity work.