Cymraeg

Bridgend kick-start grant

undefined

This is a flexible grant scheme delivered through a partnership with UK Steel Enterprise and Bridgend County Borough Council. It provides financial assistance to new or existing micro-businesses that are located, or are planning to locate, in Bridgend County Borough. A micro-business is defined as one which has fewer than ten employees and a turnover or balance sheet total of less than €2 million.

Who can apply?

New start-ups and businesses within the first 12 months of trading may be considered. The business must be located within Bridgend County Borough. However, if a business moves from the area within one year of being awarded funds, Bridgend County Borough Council has the right to seek reimbursement of those funds in full or in part, from the applicant.

Who cannot apply?

Those who are not eligible to apply are:-

What can be funded and how much can you apply for?

Eligible costs could include capital equipment, computer equipment, development of websites, marketing (one off costs, not recurring payments), and building works to business premises.

The Kick Start Grant is a discretionary grant and can provide up to 50% of eligible projects costs. The minimum grant is £250 and the maximum grant available is £2,000.

What we cannot fund

There are certain costs the scheme cannot fund, such as VAT or any other taxes, vehicles, legal costs/works being carried out as a statutory requirement, refinancing of bad debts of any kind, training costs and any costs incurred prior to formal approval.

How to apply

For an application pack please contact Jeff Peters on 01656 815315 or email tracy.mortimer@bridgend.gov.uk

Please note that the council’s Kick Start and SRF business support grant schemes are currently on hold. The current budgets are now committed for the financial year 2017/18.

However, if you would like to submit an application, it will be put on a reserve list should any further funding become available.

Please also note that any expenditure incurred before approval cannot be considered for grant support.

undefined       undefined