Grants of up to £2,500
What could your business do with £2,500? Would it help your business grow and develop? If so, why not ask about the growth grants available from the Growing Corby project.
What could we do?
Growing Corby project is offering Corby based or relocating small and medium businesses grants of up to £2,500 in order to help support their growth. If you could show that by having the grant, your business could grow and or lead to increased employment opportunities, then the grant could be yours.
You can apply for a minimum grant of £1,200 up to a maximum grant of £2,500. To be entitled to the grant, you must also be willing to put in approx. 25% of your own money. For example if you applied for a grant of £2,500, you would have to put in £850 and therefore pay expenses of at least £3350 prior to submitting the claim.
How can the grant be used?
The grant can be used towards a number of common research and development costs:
- IT equipment and software
- Premises improvement costs
- Business related production equipment
- Marketing materials (i.e. exhibition fees, new brochures, new website)
- Company training for employees or directors etc;
- Other things that are directly correlated to your business growth
Exclusions: the grant cannot be used to pay for any of the following:
- business registration fees (Companies house);
- professional services (e.g. solicitor, accountant);
- overheads such as rent, rates or utilities;
- business insurances
- wages and or salaries
This list is not exhaustive and you need to consult the Growing Corby team before including items of expenditure in your application.
To apply for a grant you will need to discuss and or meet with our team to ensure your time is not wasted, complete and submit (before the appointed deadline) the grant application form along with your business plan and two years of financial forecast (for new businesses) or (for existing businesses) the last set of accounts (if available) and last 12months accounts and 12 months forecast.
Click here to download the application form – Creativity and Innovation Grant Application Form1
Click here to download the guidance document – Creativity and Innovation Application Guidance
Deadline for application is:
- 18th June 2015 at 4.00pm
- Approval panel will be held on 24th June 2015 – successful candidates will be advised of their appointment time
What happens after I submit my application?
Following each deadline, all applications are assessed and shortlisted by Growing Corby project team members against the following criteria:
- Creativity and Innovation
- Project viability
- Unique Selling Point (USP)
- Level of expected growth (turnover)
- Potential to take on employees
If your application is shortlisted, you will be invited to attend an Approvals Panel to present your business; the panel will determine whether or not each shortlisted application is successful. All applicants will be informed of the outcome by end of the following working day at the very latest.
If your grant application is successful you will be sent an offer letter confirming the grant award and detailing terms and conditions of the offer as well as how to claim your grant. We will require evidence of the project spend, i.e. paid receipts/invoices of purchase and bank statement evidence within two months of the offer date. Cash payments are not accepted for the purpose of grant claim. Once this has been provided, the Growing Corby team will arrange for the grant funds to be transferred to your business account within 15 working days.
You will then report back to the project on a half yearly basis for 2 years following the award of funding with data on new staff employed, company accounts information (eg turnover, costs, profits etc).
To find out more, contact the Growing Corby team on 01536 560224 or fill in your details on the Contact Us page
Disclaimer: Please note that this is a discretionary fund available for Corby Borough businesses only that are eligible under ERDF rules.