A new support package with streamlined funding support for Shropshire businesses.
Existing small-to-medium sized businesses based in the Shropshire Council area can apply for grants from £5,000 to £100,000. Businesses must employ less than 250 people, and have been trading for at least six months or more.
The majority of applications are expected to be for an average grant of between £10,000 and £20,000.
A larger grant will only be awarded in exceptional circumstances. This is to make sure that as many businesses as possible can benefit from the limited budget available.
Awards will be considered for the following types of projects:-
- expanding and growing existing businesses
- inward investment
- developing new market opportunities
- innovation, including new product development
- capital investment
- an increase in the productive capacity of new and existing premises through new property builds, refurbishment and extensions.
Applicants must demonstrate their projects will create new jobs.
Grant awards will also be limited to a maximum of 50% of the total project costs, with businesses expected to ‘match-fund’ whatever grant amount they receive.
All business sectors are eligible but there are some types of businesses and organisations that will not be able to apply. All potential applicants are therefore urged to refer to the eligibility criteria to make sure they qualify before submitting an application.
The current funding round closes on 18 October 2023. A new funding round will open on 23 October 2023.
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