Richmondshire District Council issue notice of new Economic Growth Fund

Published 5th December 2016 under Business News  &   Local News

The ECONOMIC GROWTH FUND is designed to support initiatives and projects which aim to achieve growth in the district economy through commercial activity. This grant scheme has a total of £300,000 to allocate for this financial year.

  • Applications received will be considered on a quarterly basis and the scheme will close following the allocation of the total funds available.
  • Applications for grants should be for no less than £4,000 and no more than £100,000.
  • Grants can be offered at 100%, however this will be reviewed on a project by project basis
  • Applications can be made by businesses or organizations which aim to provide economic growth in the Richmondshire district through their initiatives.
  • Purchases can be for capital or revenue projects, for example, business expansion projects training and consultancy, feasibility studies, capital works and so on.
  • Grants for general day to day running costs/ on-going revenue costs will generally not be accepted however will be considered on a project by project basis
  • The organization must have been solvent for a period of two years at the time of the application and where appropriate have a good track record with Richmondshire District Council accounts – such as business rates
  • A minimum of three quotes must be provided for each intended purchase
  • Organizations are required to provide an up to date business plan to accompany the proposal.
  • Only invoices/receipts dated after the offer of a grant will be accepted as proof of expenditure and grants cannot be claimed retrospectively.
  • Applications from individuals and statutory bodies will not be accepted unless there is evidence of a wider economic benefit to the project assessed on a case by case basis.

 

Deadlines for bids Applications should be received in full by 5pm on the deadline date to be considered during the following meeting Social Fund & Economic Growth Fund (Quarterly meetings)

Deadline for applications

  • 1st February 2017
  • 1st May 2017
  • 1st August 2017
  • 1st November 2017

Decision Expected

  • 22nd February 2017
  • 24th May 2017
  • 23rd August 2017
  • 22nd November 2017

 

For advice on the scheme or support in pulling together your application or supporting accompanying information, contact Richmondshire District Council’s Business and Community Support Officer (Grants): Samantha Coultish – Business & Community Richmondshire District Council Mercury House Station Road Richmond North Yorkshire DL10 4JX Telephone: 01748 901037 (Direct Line)


Published under Business News  &   Local News

Latest Posts

The Wensleydale School to unveil “exciting” new Sixth Form offer

The Wensleydale School is launching a new offer for its Post-16 students on Thursday 9th of November. Starting from next September, students in the school’s Sixth Form will be able to access an exciting new curriculum that will prepare them to exceed and excel in the world of business. Charles Barnett, who will lead the … Read more

The Lower Wensleydale Business Network launch another service for members

The LWBN is providing additional free advertising, for LWBN members only, via the lower- wensleydale.com web site and it’s so easy. All members have to do is email a JPEG of your business logo or a suitable picture together with web site address in landscape format to info@lwbusinessnetwork.co.uk. These will be posted, absolutely free of … Read more