Home Grants £700,000 Grant Funding available under GetSet Solent Growth Grant (UK)

£700,000 Grant Funding available under GetSet Solent Growth Grant (UK)

by opportunitydiary

Application Deadline:  07/31/2022
About Opportunity

You can apply for a business grant if you are a business based in the Solent LEP area including the New Forest, Isle of Wight, Havant, Gosport, Portsmouth, Eastleigh, Southampton and Fareham. Eligible projects with costs between £4,000 up to £100,000 can access 25% grant funding.

Eligibility Requirements

  • The GetSet Solent Growth Grant is available to small and medium sized enterprises (SMEs) in the Solent LEP area
  • Please note this grant is offered under De Minimis State Aid and a SME can not exceed 200,000 euros (approx £170,000) in a 3 year rolling period. You will need to declare the De Minimis State Aid you have received at enrolment stage of the GetSet Solent Programme.

Benefits

  • The grant intervention is up to 25% of your total eligible project costs
  • The grant entry threshold is £1,000 so you must have at least £4,000 total eligible project costs to apply.
  • The maximum grant awarded under the scheme is £25,000 therefore the maximum total eligible project cost is £100,000.

Application Procedure

The GetSet Solent Growth Grant is available to small and medium sized enterprises (SMEs) in the Solent LEP area. You have to be a trading business and the grant cannot be accessed to set up a business. The SME has to be investing in a growth
project which is not routine business costs.

Your project is a step change in the business operations, production or engagement with customers. The grant is accessed through the European Regional Development Fund therefore there are restrictions on which companies can access the support and what growth investment can be eligible under the grant scheme.

Official Website: £700,000 Grant Funding available under GetSet Solent Growth Grant (UK)

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