SBA Business New Start Grant

Offers support of 50% of total costs to a maximum of £500 (excluding VAT) for capital expenditure on business development activities.

Eligibility Criteria  Open to new businesses trading from 0 - 6 months.  Must show a need for gap funding support.  Open to all businesses  with the exception of those operating in the retail sector, or any other sector where there is likely to be a high displacement of other local business.

Application Criteria:  Completed application form plus up to date Business Plan, a Business Bank Account, UTR Number depending on status and a copy of Business Insurance Document.  Three quotes for the requirements.

The grant provides 'gap funding' which is the minimum needed to allow a project to proceed after a business establishes how much it can raise itself and frombanks and other lenders.

For further information please contact:

Will Nisbet, Business Development Team Leader, Inverclyde Council, Regeneration & Planning, Municipal Buildings, Clyde Square, Grenock PA15 1LY

will.nisbet@inverclyde.gov.uk

01475 715555