Angus Council Start and Grow Business Grants
Last Updated: 14 Aug 2024
Contents
Support provided by Angus Council Invest in Angus UK Shared Prosperity Fund - LOGO ONLY
What does this involve?
Grants of between £500 and £7,000 are available to help small and midsize businesses (SMEs) in Angus cover costs in 6 key areas: starting up, building resilience, hiring their first employee, market development, acquiring new property, and growth.
You can apply for a grant in an amount from £500 up to a maximum of £7,000 to help cover capital or revenue costs.
The grant can cover up to 100% of your project costs, up to a maximum of £7,000. You do not have to provide match funding. However, you’ll need to cover any costs above this amount through other sources.
You must complete and invoice all your project spending by the end of February 2025.
You’ll need to submit a final report outlining the work undertaken and the anticipated benefits to your business. You’ll receive the grant in one payment after you’ve submitted this report, along with evidence of payment for your approved costs.
What are the grants for?
New businesses in their first 12 months of trading can apply for the startup grants to help with startup costs.
Established businesses can apply for a growth grant to help them improve their potential through development, growth, and adaptation.
Businesses at all stages can apply for the other grants to help them:
- build strong foundations and meet industry standards
- support the wage costs of their first pay as you earn (PAYE) employee
- expand their market overseas or into other parts of the UK
- cover the costs of fitting out new premises that have been vacant for more than 12 month
If you are applying for a grant in certain areas, you'll need to work with a Business Gateway adviser.
Am I eligible?
To be eligible, your business must:
- be located within the Angus Council boundaries
- show evidence of its business registration/status
- have fewer than 250 employees
- have a dedicated business bank account that’s been open for at least 3 months
- not be connected to a tax haven
- have no outstanding debts to Angus Council
If you have business premises, they must be registered for non-domestic rates.
Businesses from all sectors can apply, but applicants in manufacturing and energy, green economy, tourism, and food and drink will be given priority.
Registered companies, sole traders, partnerships and social enterprises are all eligible to apply.
You can only receive one grant through this fund in any individual financial year.
What does this cost?
There is no cost to apply for this grant scheme.
The grant can cover up to 100% of your project costs, up to a maximum of £7,000. You do not have to provide match funding. However, you’ll need to cover any costs above this amount through other sources.
You’ll need to be prepared to cover all costs upfront, then claim back the money through the grant after you’ve submitted evidence of your spend.
Who is this for?
Small and medium-sized businesses (SMEs) in Angus.
How long does this take?
You can apply for this funding between July 2024 and December 2024.
Angus Council will aim to process your application within 6 weeks.
You must complete and invoice all your project spending by the end of February 2025.
Important information
The Angus Council SME Start and Grow Business Grant is a scheme of financial assistance funded by the UK government’s Shared Prosperity Fund.
You must complete and invoice all your project spending by the end of February 2025.
Next steps
Visit the Invest in Angus website for more information and to apply.
Support provided by Angus Council Invest in Angus UK Shared Prosperity Fund - LOGO ONLY