



GRANT FOR BUSINESS INVESTMENT
As part of the UK Government’s Business Simplification Support Programme, the grant previously known as Selective Finance for Investment in England is re-launched as the Grant for Business Investment. This is effective as at October 2008.
Full details of the grant and the Simplification process
can be found on the Finance South East and BERR websites – following
the links at the bottom of this page.
The new product portfolio will be introduced over time, to be completed
by 2010.
The revised grant aims to help business invest in capital
equipment and technology to achieve gains in productivity, sustainable
growth and skilled jobs.
The Grant remains discretionary, and a business can apply either
for a capital investment grant, or a job grant.
The grant rate will be up to 20% for small companies, and 10% for medium sized companies. The grant is open to businesses in Hastings and Rother, including Bexhill on Sea, as well as to all other areas in East Sussex.
Eligible costs which can be included in a grant application include:
Key conditions remain:
The minimum grant is £10,000, which requires a minimum eligible investment of £50,000.
Ten Sixty Six Enterprise will act to help facilitate the application process from initial discussion to final grant agreement, and then to the claim.
For an individual, confidential discussion regarding eligibility please contact Jeremy Green on 01424 205503, or mail Jeremy.green@1066enterprise.co.uk
Further information can be found on the Finance South
East website: www.financesoutheast.com
and also from the Department of Business Enterprise and Regulatory Reform
(DBERR), www.berr.gov.uk