News & Updates

Sedgemoor Small Business Grant Fund

Are you an SME in Sedgemoor who could benefit from a business grant? The next round of Sedgemoor District Council’s small business grant fund is now open until Friday 27 July 2018, grants of up to £5,000 are available to businesses who meet the criteria.

This will be a competitive process, businesses will need to complete an application form, which will be administered by the Economic Development team, and the grants award sub-committee will take a decision. The committee may decide to only part award grants. The grants award sub-committee will take place on Tuesday 11 September 2018.

To be eligible for a SME grant you must meet the below criteria:

  • Add value to the Sedgemoor economy (create higher value jobs, salary values of the new jobs, apprenticeship opportunities, upskilling staff, increase productivity, use of local suppliers)
  • Align with the objectives and actions of the Economic Development Strategy, including our priority sectors (e.g. advanced engineering, logistics & distribution, agritech, food & drink, tourism, creative & digital, energy, manufacturing and environmental technologies) and potential growth sectors.
  • Headquarters located in Sedgemoor
  • Must be an independent business, employing less than 200 people
  • Business has been operating for more than one year
  • Provide 3 quotes for purchases, unless purchasing a specialist product or service
  • Must provide a full years accounts
  • Providing match funding will be looked upon favourably

The grant cannot be used to supplement a loss of income or to pay any staff member’s salary. Only one grant is available per business.

Businesses can use the grant towards any of the following:

  • Recruitment costs and training of staff
  • Invest in new facilities, equipment and processes
  • Carry out innovative R&D
  • Diversify into new markets
  • Undertake marketing initiatives
  • Export

To find out more, download an application form and for further deatils visit here

© Bridgwater Chamber 2018