Transcript MCS Corporate Presentation

Grant Funding in the UK
By
Greville Warwick
MCS
Investment & Economic Regeneration for
Expanding Regions
10 Station Road, Kenilworth CV8 1JJ
Tel: 01926 512 475 Fax: 01926 512 477
Web: www.mcs-net.com Email: [email protected]
English Regions
• Capital Grants for Business Investment (GBI)
• Administered by Regional Development Agencies:
Advantage West Midlands
(AWM)
East Midlands Development Agency
East of England Development Agency
London Development Agency
Northwest Development Agency
One NorthEast
South East England Development Agency
South West Regional Development Agency
Yorkshire Forward
(EMDA)
(EEDA)
(LDA)
(NWDA)
(ONE)
(SEEDA)
(SWRDA)
(YF)
Wales
• Single Investment Fund (SIF)
Scotland
• Regional Selective Assistance (RSA)
Northern Ireland
• Financial Assistance
Grants – What are they for?
• Grants are a form of financial assistance
available to businesses located in Assisted
Areas to support their expansion,
modernisation, rationalisation and
diversification.
Grants – Eligibility Criteria
• It is located in an Assisted Area?
• The project requires grant to make it happen, or without grant the project
would only go ahead on a smaller scale, or within a longer timeframe.
• It involves capital expenditure.
• It creates new jobs or safeguards existing ones which would otherwise be
at risk.
• A majority of the jobs created or safeguarded require qualifications of
level 2 NVQ (or equivalent) or above.
• It will secure increased productivity.
• The business is viable and can become self sustaining within a reasonable
timeframe.
• It generates regional and national benefits.
• The bulk of the finance for the project will come from private sources.
Assisted Areas
Grants – Who can get them?
Assisted Areas (Tier 1 & 2)
• In Tier 1 and 2 areas grant is available to any
size of business, subject to meeting the
eligibility criteria.
Non-assisted Areas (Tier 3)
• In Tier 3 Areas GBI is only available to SMEs.
Tier 1 and 2
Tier 3
Large
Medium
Small
10-15%
20-25%
30-35%
n/a
10%
20%
SME Definition
Grants – Eligible Expenditure
• The cost of the tangible or intangible assets directly
relating to the investment project; or
• The wage and salary costs of the employees who fill
the jobs created, calculated over a two year period; or
• In Tier 2 areas only, a combination of both.
• In the case of a grant based on the wage and salary
costs of jobs created, the jobs must be created within 3
years of the completion of the investment project and
must be maintained for a minimum period of 5 years
after completion of the investment project in the case
of a large enterprise and 3 years in the case of a SME.
Grants – How much?
• The amount of assistance which may be
available from ranges from £10,000 to
£1,999,999.
• Applications for grants for £2 million and
above are handled directly the Department
for Business, Enterprise and Regulatory
Reform (BERR) in London.
Grants – How do you apply?
•
•
•
•
•
Application Forms
Business Plan
Supporting documentation
Accounts
Evidence of funding
Grants for Research & Development
(GRD)
Grant for Research and Development aim to support research or development work on technologically innovative
products or processes. This is achieved by encouraging businesses to carry out R&D activity that they might not
otherwise undertake and by helping to lever in other private finance.
Who is it for?
Individuals, start-ups or established businesses with an innovative proposal to either develop a pre-production
prototype or to conduct research that moves a concept closer to commercial realisation.
Micro Project: Small scale projects lasting up to 12 months in Micro enterprises (those having less than 10 employees
and either less than €2m sales or less than €2m of asset value). Grants are 45 per cent of actual project costs and the
maximum grant is £20,000.
Research Project: To produce new scientific or technical knowledge, projects lasting 6-18 months in Micro or Small
businesses (those having less than 50 employees and either less than €10m sales or less than €10m of asset value).
Grants are 60 per cent of project costs. The minimum grant is £20,000 and the maximum £100,000.
Development Project: To develop a pre-production product or process prototype, projects lasting 6-36 months in an
SME (those having less than 250 employees and either less than €50m sales or less than €43m of asset value). Grants
are 35 per cent of project costs, minimum grant is £20,000 and the maximum £250,000.
Exceptional Development Project: As for Development Projects but with justifiably higher costs and which may be of
strategic importance to the UK. Minimum grant is £250,000 and the maximum £500,000, the intervention rate is
negotiable up to 35 per cent of project costs.
RDPE - A new approach
for farms & rural cases
The Rural Development Programme for England (RDPE) is a funding scheme for land based
businesses (farmers, growers, foresters, and primary processors), rural tourism
organisations and other small rural businesses.
The RDPE 2007-2013 has a budget of £3.9 billion. This is more than double the budget
available for the previous programme which ran from 2000-2006.
The RPDE aims to safeguard and enhance our countryside, to improve the competitiveness
and sustainability of our rural businesses, and help communities to thrive.
The programme which runs until 2013, is funded jointly by the EU through the European
Agricultural Fund for Rural Development (EAFRD) and the UK Government.
The RDPE will be delivered through a number of activities including Small Capital Grant
Schemes, Strategic Investment Grants and Action Plans.
Delivered through Regional Development Agencies.
MCS
• MCS is an independent consultancy providing
specialist advice and professional support to
businesses wishing to apply for and access
government grants and other publicly funded
incentives.
• MCS has successfully handled grant
applications for clients ranging from £50,000
to £5 million.
Clients
Micro Businesses to international groups
Sectors
Chemicals
Precision and Automotive Engineering
Food and Agriculture
Environmental
Engineering
Manufacturing