The Blaenau Gwent Business Development Grant is funded by UK Government’s Shared Prosperity Fund and managed by Blaenau Gwent County Borough Council. The Business Development Grant aims to support the growth and development of new and existing businesses in Blaenau Gwent.
WHO CAN APPLY
• Blaenau Gwent based businesses or businesses relocating to the area.
• Small and Medium Sized Businesses e.g., those employing less than 249 people.
• Sole traders, Partnerships, Limited Companies, Co-operatives, Limited Liability Partnerships
• Businesses that operate on a full-time basis (minimum 35hrs per week).
• The business must operate from commercial premises within the Blaenau Gwent Council area, for which they
either own or there is a signed lease/rental /licence agreement in place .
• Businesses with projects that meet at least one of the below key project deliverables.
KEY PROJECT DELIVERABLES
Applications will be assessed and scored against the following key outputs of the scheme (at least one priority must be met in order to meet the minimum score, for projects requiring maximum grant, at least half of the priorities must
be met, including job creation). Projects that result in job creation will be given priority due to the outputs and outcomes associated with the intervention of the Shared Prosperity Fund the grant is being funded (W30: Business support measures to drive employment growth).
1. Jobs created (including apprenticeships)
2. Jobs safeguarded (jobs at risk within 6 months at time of application).
3. Growth, Increase in turnover, future proofing.
4. Use of Innovation & Technology to improve productivity or service.
5. Economic Impact i.e., local supply chain opportunities.
6. Green Energy & Decarbonisation.
GRANT SUPPORT
• 50% of eligible and reasonable costs up to a maximum of £50,000.
• Applications for both revenue and capital costs will be accepted.
• Minimum grant £2,500 (project spend at least £5,000) (unless business doesn’t fit within Kick Start Plus grant scheme eligibility)
For full details on eligibility and the application process please click on the link opposite.
To register your interest, click on the Expression of Interest link opposite.