Based in Birmingham? Then have we got a business grant for you – namely a Business Grant for Property and Capital Equipment Purchase….!
This is a business grant which can greatly assist your business if its looking to purchase property and / or purchase plant or equipment.
You may or may not know but business grants in the West Midlands are on the increase, and this business grant is one of many which locally based business can apply for.
As with all business grants this one comes with certain criteria, so with that in mind, we have just highlighted below a few things which will answer any immediate questions you may have – such as:-
How much can I apply for?
You can apply for grant aid to a maximum of £100,000 based on costs you are planning to spend on your business. Grants will be payable at up to 50% of eligible costs.
What can I claim for?
Any purchases made directly on the business once your grant has been approved:
1. Eligible items may include:
(a) Extensions to premises
(b) Internal & External Structural Works
(c) The Purchase cost of fixed plant & Equipment
For an application to be processed you must complete the following documents; Application form (30+ Pages), Business Plan, Cash Flow Forecast. In your application the assessment panel will be looking for you to clearly demonstrate:
- How your company is planning to employ new and/or retain staff as a result of the grant
- How without the grant your business development would not take place/would take place at a slower rate
All decisions on financial assistance and amounts offered are at the sole discretion of the Grants Assessment Panel.