Grants Two types of grant are available for you to include in your project Pre-start grants under Activity 2 – Promotion of entrepreneurship & self-employment.

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Presentation transcript:

North of Tyne Community Led Local Development Grants to pre-starts & businesses

Grants Two types of grant are available for you to include in your project Pre-start grants under Activity 2 – Promotion of entrepreneurship & self-employment Business support grants under Activity 3 – Tailored business support

Pre-start grants Only given to individuals who have completed 12 hours of support from 1 or more CLLD projects Maximum grant is £200 Client must pay at least 40% of required cost – so to get £200 the client must put in £133.34 To start a clothing alteration business the client wants a sewing machine costing £300. Grant is 60% = £180, below max allowed, and clients contribution is £120 A new business wants a laptop costing £1000, max grant is £200, clients contribution £800

Business support grants The client business must have received 12 hours of support from 1 or more CLLD projects – it could have been given to more than one employee Maximum grant is £500 Business must pay at least 40% of required cost – so to get £500 the client must put in £333.34 Business wants a website costing £700. Grant is 60% = £420, below max allowed, and clients contribution is £280 Business wants a laptop costing £1000, max grant is £500, clients contribution £500

Managing a grant scheme You will need to design a grant application process and form that meets your needs as well as our funding evidence. We can help and must always approve it. The individual will need to evidence the prices in line with public procurement rules, buy the item and then request a reimbursement on production of evidence ie procurement and payment. You will pay the client the grant amount but on your claim to us you will show the full amount including the clients contribution.

What else you will need to collect and retain the application form, procurement evidence eg quotes, invoices and receipts, Provide records of your payment to the client and keep in line with the retention requirements. all your forms must contain the ESIF logo as well as the required information

Questions and Answers tim.cook@newcastle.gov.uk 0191 2778924