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Aston Pride
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Are you looking to grow and expand your business?
The Inspire to grow Capital Grants for Business I
mprovement Project might be able to help.
The Project
To support organisations to grow and expand their business through improving and
upgrading the capital assets of the business.
How It Works
Capital grants will be available to help you improve the Capital base of your business.The grant is for the purchase of new equipment or machinery,(but not security or refurbishment of premises).
You must make an application setting out how the grant will help your business grow, improve its long-term profitability and create new jobs.(Application forms are available from the grants team).
You must undertake a complete Business Review.
A Grants Panel will make a decision on your application and if successful a commitment to the grant will be made to you.
Once you have purchased the appropriate capital equipment you can reclaim the grant award from the project.
We will then continue to keep in touch to find out how the business is growing and to help you maximize the investment in your business
Who is the project aimed at?
Businesses located in the Aston Pride area, (see the map
attached
.)
You must be able to demonstrate a commitment to making your business grow and that it has the potential to create new jobs.
You must also be prepared to disclose full financial information, business plan and business accounts to demonstrate a need for public funding.
What’s Available?
Capital grants of up to £7500.You must provide 50% cash contribution towards the cost of the capital grant. (Please note that capital grants are not subject to VAT and this cannot be reclaimed from the programme).
Access to a Business Adviser to explain the application process and provide support. Telephone support from the grants team to answer any questions you may have.
Next Steps
To register your interest in the programme or find out more please contact
Baljit Kaur on 0121 607 1858
or email
B.Kaur@birminghamchamber.org.uk