Did you know that you can get a business grant through The Swindon and Wiltshire Local Enterprise Partnership (SWLEP), as part of the European Regional Development Fund (ERDF)? But you must get your application in quickly as the deadline is 5th October 2020.
What are the ERDF grants for?
The grant money is being awarded to small to medium businesses (SME’s) that have struggled as a result of the coronavirus pandemic and the down turn in tourism that it has caused in 2020.
You could be eligible for £1000 to £3000 to help pay towards professional services that your business needs such as legal advice, HR, financial services and IT development or digital resources and services.
The funding will not be allowed to be used for general cash within the business but can be used to invest in diversifying your business offering, such as buying new equipment or implementing the use of further digital services such as online payments and a new website to help manage your clients and the services you offer them.
Am I eligible for a ERDF grant?
In order to qualify for a grant from ERDF, your business must cover the following criteria:
- Your company must have been operating on or before 1st March 2019 and been trading at least one year since that date.
- You must be registered in Wiltshire or Swindon boundary regions (although some other local authorities are also facilitating these grants, so best to check with your local council or business district)
- Employ a minimum of 3 and up to 10 staff
- Your company must have been directly affected by the pandemic
What evidence might I need to supply for the ERDF grant?
In order to qualify for the grant, you may be asked to provide proof of the difficulties you have had and about your company. But the effort will be worth it if it pays off and you can use the money to diversify your company operations. You might need to provide any of the following:
- Geographic evidence of locality of business for Wiltshire – Full address, Google Maps
- Proof of registered business – Companies House, registration no, address, date of founding, tax registration document if not registered with Companies House
- Evidence of employees – PAYE references?, PAYE company tax reference? Companies House
- Last tax assessment showing profit
- Current statement of profit
- Statement of business purposes – to show relation to tourism and potential affect of crisis
- Evidence of grant purpose (3 for comparison) – screen prints of product, service costs and benefits to preference
How do I apply?
The deadline to apply for a grant of between £1000 and £3000 is fast approaching and applications close on 5thOctober 2020 so you should start filling out yours as soon as possible.
Not everyone will be approved for the grants as there is limited funding, but it is worth a try and they will consider businesses who reapply having already possibly being turned down in the past.
To apply, visit the link here which takes you to the Growth Hub website for Swindon & Wiltshire LEP.
If you need advice on how improving your digital services and level of IT support may help your business to thrive, speak to the friendly expert team at Blue Bee today and we would be happy to help. You can call us on 01722 775500 for an informal chat and some advice, or you can contact us here.