Those projects that create new jobs and bring economic benefits to the region (not just to the business owners) tend to be looked on more favourably. Projects should usually be long term in nature.

A small business (up to 50 employees) may obtain an enterprise grant of up to 15% of the cost of the project. (up to amaximum grant of £75,000). A medium size business (up to 250 employees) may receive up to 7.5% of the cost of a project (up to a maximum grant of £37,500). This sum may be increased to 15% if the business is located in an Assisted Area, as defined by the European Union.

There are various selection critera for eligibility,but there are numerous regional variations depending on the economic needs in different regions, so you need to check locally.

To get more information and to check your eligibility, contact Business Link on 0845 600 9006. They will help put you in touch with a local contact. You can also check out Business Link The web site containsA Guide to Enterprise Grant. It includes advice on eligibility and who you should talk to depending on what you want to do. An application form can also be found on the site for downloading and submission.

David
Small Business Resource