A grant to assist legally-constituted groups of businesses with new marketing initiatives and/or new supply and production processes arising from co-operative or collaborative working in Dumfries and Galloway.
A discretionary grant from £500 up to a maximum of £5,000 is available covering up to 50% of project costs.
The purpose of the grant is to assist legally constituted groups of businesses with new marketing initiatives and/or new supply and production processes arising from co-operative or collaborative working.
Financial Assistance for Small Business Scheme is provided by Dumfries and Galloway Council.
The scheme is split into four funding strands although there is only one pot of funding. Clients are only given one information sheet - the one most relevant to their business.
The funding strands are as follows:
- Financial Assistance for Small Business Scheme (General).
- Financial Assistance for Small Business Scheme (Retail).
- Financial Assistance for Small Business Scheme (Growth).
- Financial Assistance for Small Business Scheme (Collaborative Groups) (subject of this report).
Interested parties should note the following restrictions:
- Primary production (eg agriculture and fishing), private health care, property development, and consultancies.
- The purchase of property and routine repair and maintenance.
- The purchase of motor vehicles.
Applicants may not submit quotes to undertake work as part of the project.
Businesses must be located in Dumfries and Galloway (registered office, postal address and/or primary premises).
The groups must have some form of accepted legal structure, for example an association, co-operative or company limited by guarantee. The member businesses must be trading or at start-up and able to demonstrate actual or predicted profitability and additional employment. Applicants will be expected to demonstrate aspirations to develop their businesses, to create and sustain employed positions and to provide a product/service which enhances their offering. Grant support is available only to organisations whose members are of SME status.
Details of Elected officers to be provided and should include:
- Vice Chair.
It should be recorded in the minutes of the organisation that a motion has been passed and agreed that an application to FASB should be made. Details of a business bank account in the name of collaborative group should be provided.
Eligible sectors are:
- Food and Drink.
- Business to Business services.
- Other businesses adding value to the local economy.
The project must not have commenced or any commitment or agreement been given and entered into prior to an application being approved and confirmed in writing by Dumfries and Galloway Council. Grant acceptance must be returned to Dumfries and Galloway Council within 14 days of the offer letter.
Claims are paid retrospectively and require invoice, receipt/s and bank statement. Payment may take up to 30 days.
The business should agree to work with a Business Gateway Business Adviser to develop the project and enable monitoring of impacts. The business also agrees to take part in publicity of the scheme and businesses agree to take part in aftercare with Business Gateway.
Applicants may not submit quotes to carry out work on their own behalf.
All businesses applying must demonstrate that they are not in arrears with Dumfries and Galloway Council.
All applicants must be 18 years or over.
Applicants should provide the remainder of project costs from alternative sources.
Eligible activities could include:
- Innovative joint marketing campaigns.
- Development of ICT applications that improve productivity.
- Investment in equipment that will improve production.
- Branding and signage.
- Training activities.
- Shared use of resources or equipment.
- Expenditure that supports and encourages collaboration within business clusters.
- Alterations to property as part of the development of supply or production processes. This relates to the collaborative group and not individual members.
Applications may be made at any time.
The following information will be required in addition to a completed application form:
- An up to date business plan with appropriate financial information, including a cash flow which forecasts income and expenditure for at least two years.
- For new start businesses, proof of business status in the form of business bank account, HMRC Unique Tax Reference (UTR) number and VAT registration number (if registered).
- For existing businesses, the most recent audited or management accounts must be supplied; if these are over six months old an interim up to date set of accounts must also be supplied. A business bank account must be held and referenced in the application form. Grant payments will be paid into business bank accounts only.
- Full details of the proposed project, with costs.
- Successful FASB applicants from previous funding rounds will only be considered in exceptional circumstances for a further application, grants must total no more than £10,000 combined. Previous applicants must be able to prove that projected outcomes in their previous application were successfully met / completed.
- Businesses will not be permitted to make multiple applications to FASB ie General, Growth, Retail or Collaborative in any funding round.
- Where the business is VAT registered, VAT will not count as an eligible cost. If the business is not VAT registered eligible costs may include VAT. VAT status must be confirmed at the time of application. If the VAT threshold will be reached within six months of the project spend ie as part of the project growth, then VAT will not count as an eligible cost.
- To ensure value for money, applicants will be required to evidence three competitive quotations for project spend or provide sound justification why this was not feasible.
- Applications which are deemed to bring Dumfries and Galloway Council or Business Gateway into disrepute will not be considered.
- No amendments to the project will be accepted after approval.
- Data Protection form must be completed and signed by the applicant.
- State Aid Declaration must be completed and signed by the applicant.
If applicants feel that they have an eligible project and wish to develop a project proposal then a Business Gateway Business Adviser can register their interest, provide a project summary to be completed and if accepted, assist with business and marketing planning to help progress the application.