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GRA
- UK Company Grants Resource - Advertising by Google
Small Firms -
Grants & Business Support
Small Business Funding support has
at its core the following grant schemes in England, Wales and Scotland.
Small and Medium-sized Enterprises (SMEs) can attract higher
levels of assistance than large companies.
Definitions: Small Enterprises
The business must employ fewer than 50 people and either
* Have a turnover of less than €10m (£6.7m) or
* Have a balance sheet total (net assets) of less than €10m (£6.7m)
Definitions: Medium-sized Enterprises
The business must employ fewer than 250 people and either
* Have a turnover of less than €50m (£34m) or
* Have a balance sheet total (net assets) of less than €43m (£29m)
All of the business' partner and linked enterprises must be taken into
account.
A partner enterprise occurs when the business holds 25% or more but
no more than 50% of the shareholding/voting capital of another enterprise
or 25% or more but no more than 50% of the shareholding/voting rights
are held by another enterprise. In such circumstances, the relevant percentage
share of the other enterprise(s) data must be included in the SME calculation.
A linked enterprise occurs where the business holds more than 50% of
the shareholding/voting capital of another enterprise or more than 50%
of the shareholding/voting rights are held by another enterprise. In
such circumstances, all of the other enterprise(s) data must be included
in the SME calculation.
AVAILABLE GRANT AID
EGS (Enterprise
Grant Scheme) grants are NO LONGER AVAILABLE
being replaced by GBI for capital
expenditure projects undertaken by Small and Medium companies within
the designated Tier 1, Tier 2 and Tier 3 Areas of England, with Large
companies only eligible in Tier 1 & Tier 2 areas.
(Small firms in Scotland or Wales should
see those pages for their equivalent schemes - IFG / AIG are
now encompassed within RSA, one of the elements of the Single Investment
Fund respectively).
Financial assistance towards large capital investment projects is offered
in England in certain qualifying areas by Grant
for Business Investment (GBI) (formerly
known as Selective Finance for Investment (SFI) and which replaced
Regional Selective Assistance (RSA) by which name the scheme is still
known in Wales and Scotland. It also applies to Small and Medium Enterprise
companies.
SMART
grants (now renamed GRAND) will provide the starting point for
the Entrepreneur seeking funding assistance for Innovation.
Small Business Support (SBS) is the
new name for Business Links which are in the process of being converted
into Small Business Support (SBS) units, and as part of
this reorganisation will focus in future additionally on providing funding
support directly to small businesses by becoming the administrator and
deliverer of the above grant schemes.
However in many areas the SBS will continue to be known as Business Links
since the decision to rename is discretionary on the individual unit.
GRA would advise all small firms that their local Business Link or SBS
is the best starting point for helpful information, and encourage a careful
approach in the first instance when seeking funding or other Business
Advice.
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News for Small Firms (6)
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IN
THE NEWS |
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GRANT AID for Capital Investment in 2008 -13
BIS gets busier
New Investment Grants announced by Department for Business
Innovation and Skills (BIS)
On 23rd February the Government
announced a £64.4 Million package of new grant funding investment
to be delivered by the nine Regional Development Agencies (RDA's).
DBERR becomes BIS
The ministry for Trade and Industry
known by the acronym of DTI became renamed as DBERR as from 28th
June 2007, and.now (9th June 2009) has undergone yet another name
change, and in future is to be known as BIS, the
department for Business Innovation and Skills.
New Team Finalised
Vince Cable, Lib Dem Treasury
spokesman and one of their highest profile MPs, has been appointed
Business Secretary with responsibility for Business
and Banks together with universities minister David Willetts,
and Ministers of State, Mark Prisk, John Hayes, Edward Davey,
and as Parliamentry Secretary, Baroness Wilcox.
Mark Prisk
Small Business Minister
Mark Prisk (Conservative),
recently appointed Small Business Minister, has said he wants to
foster Startups and growing Small and Medium Companies. But how
?
These were his some of his expressed views and intentions prior
to the election result.
SFI becomes GBI
GRANT for BUSINESS INVESTMENT
Launched at BIS, with
effect from 1st October 2009, is a new name for SFI or SFIE formerly
known as RSA by which name it has been known in Wales and
Scotland, but where other name changes or scheme changes have introduced SIF
(Single Investment Fund) to include RSA Cymru, in Wales, and
RSA Scotland respectively.
Confused? Not at all: From
today you need not be confused, just ask GRA and
we'll do it all for you? £1M or £2M? How much is possible? £3M
in grant aid or do you need more? There is no upper limit except
as determined by the project, requirements, location, and most importantly
- making a substantial and recognised case for grant support - GRA's
specialty!
GBI grant opportunities
abound for well constructed cases for aid to assist substantial capital
investment in the eligible areas of England, Wales and Scotland.
Ask GRA,
we will sort out the detail, give you plain English answers on the
basis of an initial without charge assessment. Then if there's
a case to be made, we will undertake preparation and negotiation
with the relevant officials to take you across the winning line.
We have all the expertise you need to WIN support.
Turn the latest Gib.Ber.Ish
into a substantial C_A_S_H contribution to your embryonic development
plans to invest in Britain.
To
Ask GRA click here.
2007
- 2013 AID Map
for new GBI and RSA
Grant Applications
WHOLE of the UK's is now eligible for GBI or RSA grants from 10% to 35% in 2007-2013
Under changes brought in under the newly
launched 'Solutions for Business' Small and Medium Enterprises can now
obtain grant aid in all areas of the UK, whilst Larger companies( more
than 250 employees) are eligible in Tier 1, and Tier 2 Areas.
Time to consider all investment options and
keep the UK firmly in mind as the BEST place to be in the next six years
and with MAJOR Government assistance still available for well argued
cases for grant support??
Call GRA on 01929-270910 or email us today
to get things underway. With a 100% track record of success over the
last 18 years, we can guarantee to maximise your opportunity
for support, and provide an initial NO FEE assessment of grant potential.
It's now time to act if you think
if the GIFT of Grant Aid could be the deciding factor to help you
make a Capital Investment in a Manufacturing or Service Sector Company
located within the UK.
 27.5.2010 © GRA
2003-2010
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