Deadline: April 29, 2022
Application is open for Dorset Growth Hub New Business Grant Program. For Dorset businesses who are looking to create and/or safeguard jobs, create new products, create new or improve processes. The grant scheme covers 25% of eligible costs of projects of at least £4,000. Your business is registered in Dorset and has been trading successfully for at least 12 months.
Eligibility
Your business must formally engage with the DGH program and receive some support or guidance in the form of a 1-2-1 diagnostic and information meeting.
- DGH will not support planned business activities that do not add to the net growth of the Dorset economy by merely displacing the activity of other local businesses.
- The business is an SME – with less than 250 staff and an annual turnover of less than €50 million.
- You don’t work in these sectors – Agriculture (primary production & processing of agricultural products, banking and insurance (inc. brokers), fisheries and aquaculture, steel production, shipbuilding, synthetic fibers, public sector, or publicly owned organizations.
- You must not have been in financial difficulty prior to 31st December 2019.
- Please click on the guidance below the relevant grant to read the specific grant information and eligibility in full and ensure you apply using the correct EOI form for the grant you are applying for.
Benefits
- The minimum grant amount is £1,000 and the maximum is £5,000. To receive a grant of £5,000 the total project cost will be at least £20,000. In other words, for every £100 you spend, you receive £25 back.
- The grant scheme covers 25% of eligible costs of projects of at least £4,000.
- Your business is registered in Dorset and has been trading successfully for at least 12 months.
Application process
Step 1 – Application: Read guidance document in full, complete application and business registration forms and supporting documentation. The application should be completed in collaboration with one of our Business Growth Consultants who guide you through the process.
Step 2 – Grant Panel: Your completed application along with supporting documents will be submitted to our impartial panel, which assesses the application. We aim to give you a decision within two weeks.
Step 3 – Grant Offer: If your application is approved, we will e-mail you a Grant Offer Letter, Funding Agreement and Terms and Conditions which need to be signed and returned (electronically) before the project can commence.
Step 4 – Project Completion & Payment: On project completion, you will need to provide us with copies of invoices from suppliers, along with bank statements and an invoice from the business to us, so we can make the payment. We will make the payment once sufficient evidence is received.
