Grants available for start-up businesses and businesses with potential

March 16, 2015 3:59 pm

Mansfield District Council

Mansfield District Council is offering two new grant schemes to local people and businesses as part of its regeneration programme to support the creation of viable businesses for the benefit of the local economy and people. 

The ‘Business Start Up’ grant of up to £1,000 is available to individuals who are looking to start a business.  The grant can be used towards start-up costs including the purchase of machinery and equipment, business stationery and marketing costs such as advertising and web design.

The ‘Business Growth’ grant of up to £5,000 is available to established businesses who produce a viable ‘Growth Plan’ that will result in the creation of at least two full time jobs.  The grant can be used in those instances where the business requires support in developing its ‘Growth Plan’ as well as costs involved in implementing the plan.   These could involve product development/enhancement, process development within the business as well as development of new markets.

In both cases successful applicants will receive a grant of 50% towards the agreed items up to the maximum grant figure for each scheme.  The applications will also need to be supported by viable business plans and will be subject to an assessment process.

The funding has been made available thanks to the recent council-approved Economic Stimulus fund – a package of measures designed to boost local business growth and jobs.  Councillor Kate Allsop, Portfolio Holder for Economic Regeneration at Mansfield District Council said: “We are delighted to be offering these grants to support not only the development of successful new businesses within the district, but also established businesses that are looking at the next stage in their development involving growth and job creation.

“The grants will support the council’s continued efforts in regeneration of the area for the benefit of the local economy and people “ For more information and informal discussion on any proposal, please contact Paul Topliss at Ashfield and Mansfield Regeneration Service on 01623 463813 or email ptopliss@mansfield.gov.uk

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