Take Business Support For Granted

Take Business Support For Granted

by Martin Falconbridge

If you’re a small business that’s looking to grow, Mid Sussex District Council may be able to help with funding.

Mid Sussex District Council (MSDC) recognises the importance of emerging small businesses to the local economy. In partnership with West Sussex County Council, MSDC is now offering micro businesses grant funding of up to £2,000 to help them grow.

Most people have, at some point in their lives, dreamed of becoming their own boss and right now a new wave of entrepreneurs are turning that dream into a reality.

Research by the Government’s enterprise campaign, StartUp Britain, shows 342,927 new UK businesses were registered with Companies House in the first half of 2016. This is a staggering 80 new companies per hour.

The grants of up to £2,000 are available to any Mid Sussex business with less than 10 employees, an idea for a project that will help their business grow and a willingness to match the financial contribution with their own funds. A further £1,500 is also on offer to help micro businesses take on an apprentice. A total pot of £83,000 is available for allocation.

Could you be eligible? Only businesses with less than 10 employees will qualify. Businesses must be properly constituted  and able to provide evidence of this (such as accounts, VAT registration number (if applicable), copy of Companies House documentation, evidence of registration as a sole trader). Projects must be things that will contribute towards the growth of the business and not to cover the costs of ‘business as usual’. Only one application can be made per business.

The process for applications can be submitted at anytime, the Cabinet Grants Panel will meet monthly to consider applications that have been received up to a week preceding the meeting. Acknowledgement of your application will be sent on receipt, and you will be advised at which meeting your application will be considered. Following consideration of applications, applicants will be informed of the outcome within 1 week.

The grant programme runs until September 2017, or until the funding runs out. As of 23rd March, the Cabinet Grants Panel has met 3 times and considered  21 applications for a wide variety of projects.

To be eligible for a grant, businesses will be required to demonstrate how they deliver one or more of the following benefits:

  • Wider outreach
  • New business lines
  • More employees
  • Community benefit

If you require further information about the grants please go to www.midsussex.gov.uk/businessgrants