Good News For Businesses in Bridgend
Six local authorities in South East Wales have secured European funding to provide financial assistance to support local businesses. Thankfully BRIDGEND is one of those authorities taking part in the South East Wales Local Investment Fund scheme using funding from the EU's Convergence Programme, available until 2013.
FUNDING
The funding offers up to 35% of grant support for approved project costs, normally up to £5,000, with a minimum grant of £1,000.
Projects considered could include:
- investment in capital equipment
- specialist software
- website design
- marketing costs
- refurbishment of premises
Applications for funding will be assessed against criteria, Businesses will need to demonstrate that a significant amount of their activity is business-to-business. Businesses must be SME s (under 250 employees). Funding is not available to the retail sector or services operating in a purely local market. Projects will need to show that new investment is taking place, and the grant will not be used to just replace items or for routine maintenance.
Projects considered under the scheme could include investment in capital equipment, specialist software, website design, marketing costs and refurbishment of industrial premises. Applications for the funding will be assessed against criteria, which will include potential job creation, job safeguarding and private sector investment.
All businesses will be required to submit an application form and a business plan with at least 12 months Cashflow and Profit & Loss forecasts. Applicants are advised to discuss eligibility with an Economic Development Unit Project Officer before submitting an application for support.
The South East Wales Local Investment Fund is part-financed by the European Union's Convergence Programme.
FURTHER INFORMATION
Contact the Business Enquiry Line on Tel: 01656 641706
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Activ Bridgend is a complete guide to the area and has local events, news, community information, jobs, cars, businesses, property, dating and free classifieds
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To find out more about Brdigend and the surrounding area visit our website Activ Bridgend , a complete online guide with businesses, events, jobs, cars, properties, classifieds and much more.