Posted: Tue 28th Jun 2016

Funding Boost For Business Start-Up Grant Scheme

news.wales / newyddion.cymru
This article is old - Published: Tuesday, Jun 28th, 2016

Caerphilly County Borough Council has recently received funding to support their Business Start-up Grant Scheme, which is used to fund a variety of businesses starting out within Caerphilly County Borough. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

Tata Subsidiary UK Steel Enterprise has given £5,000 to partly fund the scheme, which is jointly funded by Caerphilly County Borough Council and UK Steel Enterprise. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

Cllr Ken James, Cabinet Member for Regeneration and Sustainable Development said: “Thank you to UK Steel Enterprise for their continued commitment to the Business Start-Up Grant Scheme. As a result of this, we are able to provide up to £500 of funding to brand new businesses within Caerphilly county borough. I am looking forward to continuing to provide support to new businesses within the area, as we have done for many years”. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

Andy Morris, Manager in Wales, UK Steel Enterprise said: “We are delighted to be supporting the scheme and working with Caerphilly County Borough Council for a fourth year. In that period, 58 new businesses have been launched and 74 new jobs created”. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

He continued: “The quality of applicants has been very high and we are confident that the scheme has made an important contribution to the economic life of the area”. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

This flexible scheme is designed to help residents of Caerphilly county borough set up a full-time business for the first time, who are not able to access any other source of funding. The funding is a discretionary grant and can provide up to 50% of eligible project costs to a maximum of £500. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

Business start-ups from all business sectors may be considered under the grant scheme, provided that the business is being set up in Caerphilly county borough. Eligible costs could include; capital equipment, ICT equipment, development of websites, marketing and building works within the business premises. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

In order to qualify for the grant, the business must not have started prior to application and approval. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​



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