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Ceredigion Micro Business Investment Fund

Information

This scheme is now closed

Ceredigion County Council is pleased to announce the launch of a new grant scheme designed to support micro-business start-ups.

The scheme, known as the Ceredigion Micro Business Investment Fund, is supported by the Rural Development Plan for Wales 2007-2013 which is funded by the Welsh Government and the European Agricultural Fund for Rural Development. (EAFRD).

The scheme will provide grants with an intervention rate of 40%, from a minimum of £1,000 to a maximum of £5,000 (though in exceptional circumstances this might be increased). The remaining funding would be cash-matched funding from the businesses themselves.

The purpose of the grants is for businesses to either enhance existing or develop new income streams. The scheme will prioritise applications that create jobs and new businesses.

The grants are intended to cover revenue costs only. Eligible costs would include (but are not limited to) promotion & marketing, IT software, website development, attendance at trade fairs, small items of equipment or small premises development under £5,000 in value.

Councilor Gareth Lloyd, Ceredigion Cabinet member with responsibility for Economic Development said: "This is another good example of RDP funding supporting new businesses and jobs in Ceredigion; I sincerely hope that this scheme will help budding entrepreneurs to find the important early assistance that can be difficult when starting out on a new venture. I would strongly encourage anyone that is interested in this scheme to contact Samantha to discuss their ideas. I am looking forward to following the progress of the project over the coming months."

For further information or to discuss your proposal please contact the fund Assessment Officer, Samantha Allen, by email at Samantha.Allen@ceredigion.gov.uk or by telephone on 01545 574163

Unfortunately, due to the nature of the funding, the scheme cannot support projects that are directly in the Agriculture, Forestry or Tourism sectors; however it is recommended that potential applicants contact the Assessment Officer to discuss eligibility criteria.

This scheme is now closed

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