Capital grant for projects that will expand the business and create jobs. Support of up to 45% contribution towards eligible projects over £100,000. Support can be for a range of costs such as land and buildings, premises lease and refurbishment, plant, machinery and equipment, professional fees, installations and software licenses.
The fund is for a small or medium enterprise (SME – less than 250 employees, annual turnover less than 50m euros and annual balance sheet less than 43m euros) with existing operations in County Durham or planning to locate new operations in County Durham.
You could be eligible for a grant of up to 45% of expenditure (up to a maximum grant amount of £240,000), if you are:
- A small or medium-sized business
- Planning capital investment of at least £100,000
- Business based in or relocating to County Durham
Excluded sectors: Agriculture, fishery/aquaculture, retail (business to consumer), banking, insurance, tobacco products, nuclear power, businesses in financial difficulty.
Excluded projects: child minding, nursing, social welfare, sports facilities, house building or renovation, any activity supplementing public services such as education.
For full eligibility criteria, click here.Find out more