Capital Expenditure Archives - Staffordshire BIC

Preparing for a client visit for a company who was looking to expand and create new products it took me quite some time to update our current listing of funding opportunities for companies in Staffordshire.

Innovation requires patience.
We are currently awash with funding opportunities for small and large Capital Expenditure projects to Consultancy and Specialist Advice and Proof of Concept to Prototype Development. There are grants from 20% to 60% support, loan funding and equity investment finance available.

Even the banks are stepping up on their lending and it was interesting to read today that 7/10 bank loan applications are currently being approved!

The BIC itself has two funding schemes, one for capital expenditure and one to pay for specialist advice!

There are of course certain criterias you need to comply to to be eligible to apply but that is normal when we are talking about free or subsidised support.

So if you have a good project in mind, a current business plan, your accounts are in order and you are looking to grow and create new jobs then now is the time to invest!

A good place to start to see what support is available to you is the Stoke on Trent & Staffordshire Business Helpline on 0300 111 80002 or if you are in the world of innovation ring the BIC.

Funding Details

Employing a new staff member?

The Small Business Grant programme has been set up to encourage companies to develop their businesses and to create sustainable employment.

This grant which is on a 33% contribution towards your overall employment creation project can be used for Capital or Revenue expenditure
equipment • professional fees • marketing • intellectual property rights • training • product development etc…

You may be eligible to apply if you are:

Creating a permanent Job as a new start up business or a small and medium sized enterprise
Ineligible to apply for other grant funding
Based in or relocating to Stoke on Trent or Staffordshire

To check if you are eligible to apply for a grant from the Stoke-on-Trent & Staffordshire Small Business Grants read the eligibility criteria below and if you can answer yes to all the boxes continue to complete the expression of interest questions. You will then be contacted to arrange an appointment to go through the full application form and the process from application to grant offer letter and the reporting that will be required if your grant is approved. Any questions, telephone 01782 333798.
Eligibility Criteria
If you have answered Yes to all of the below question please proceed to complete the form.
Have you been turned down from other funding sources ?
If Yes to the above, which other funding sources did you apply for?*
Are you an Individual or SME?*
Based in or relocating to Stoke-on-Trent or Staffordshire*
Employ less than 250 employees ?*
Will create a permanent job in the next 3 months ?*
Spend on the project has not already been incurred ?*
Contact Details
Business Name*
Contact Name*
Position*
Business Address*
Street AddressAddress Line 2CityState / Province / RegionZIP / Postal Code
Email*
Phone Number*
Web Address
Number of Employees*
Main activity of business*
Company Start Date*
Is this Classed as a Family Business*
Cost & Funding
Are You Creating a New Product*
Yes to Above - Please Give Details of New Product
Are You Providing a New Service*
Yes to Above - Please Give Details of the New Service
Are You Developing New Markets for Your Business*
Yes to Above - Please Give Details of the New Markets
Are You Exporting*
Yes to Above - Please Give Details of the Exporting
Details of funding required
e.g. purchase equipment, start up costs, specialist fees.
Total cost of project
Amount of grant application
Maximum 33% of Total Cost - SME – up to 250 employees, annual turnover and/or annual balance sheet up to EUR 43m
List all sources of finance for the project
Including breakdown of individual amounts and whether contribution is confirmed
Confirm amount of funding received in the last 36 months
Employment impact
Total number of jobs to be created as a result of the project
Type of jobs
Annual salary of jobs
Completion
How did you hear about this funding?*
Captcha - Copy the Characters
Data Protection
Please note that this is a government funded Programme supported by the Stoke-on-Trent and Staffordshire LEP and it may be necessary to share your information with these parties in order to give you the full assistance you require. You should be aware that some information relating to this Programme may be declared to third parties under the Freedom of Information Act 2000. We will not sell or divulge your details to any third parties. All information given will be held in confidence and only used in accordance with the Data Protection Action 1998.
Comments
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Capital Expenditure

Now It’s Time To Invest In Your Business

BIC Small Business Grant

Employing a new staff member?

Eligibility Criteria

Contact Details

Cost & Funding

Employment impact

Completion

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