REGISTER TODAY to gain immediate FREE access..
All information submitted will be held in strict confidence and not divulged to any third party without specific authority.
GRA - UK Company Grants Resource - Advertising by Google
The Welsh Assisted Areas
The ASSISTED AREAS of Great Britain are based upon a map drawn up and agreed with the European Commission. The latest map has now been formally approved by the European Commission will run from 1st July 2014 until 31st December 2020.
Assisted Areas are those areas where regional aid can be offered to undertakings, typically businesses, under Commission state aid rules. In the UK the main examples of schemes which include offering regional aid are:
Assisted Areas status can also offer certain tax allowances:
Business Premises Renovation Allowance (BPRA) is predicated on Assisted Area status. It gives an incentive to bring derelict or unused properties back into use, by giving an initial allowance of 100% for expenditure on converting or renovating unused business premises in a disadvantaged area.
The Enhanced Capital Allowances permitted at some Enterprise Zones are reliant on Assisted Area status.
Many business support schemes provide other forms of assistance and do not depend on Assisted Area status. Such funding is aimed at tackling specific market failures that can occur regardless of geography, such as aid for R&D, training or environmental protection.