Adur & Worthing Councils, in partnership with Adur and Worthing Business Partnership, are pleased to announce a fourth round of the highly successful Small Business Grant and Apprenticeship Grant Funding, for micro and small businesses in the Adur and Worthing area. These grants aim to encourage growth and expansion of the local economy, leading to new employment opportunities. The grants also aim to facilitate spend using local suppliers and retailers, ensuring these are prioritised over national chains and discount sellers.
An Awards Panel founded by representatives from the local business community meet on a regular basis to review applications that have successfully met the minimum eligibility criteria.
Grant applications will be processed on a first come first served basis. Only one application is allowed per funding round.
Small Business Growth Grant
The Small Business Growth Grant is available to local micro businesses of up to 10 employees. Grants of up to £2,500 are available, with a 50% match funding contribution required (exclusive of VAT).
For example, if you want to purchase some equipment that costs £1,500 – a contribution of £750 would be required from your own funds and you can apply for £750 from the grant fund. Any added VAT would not be refunded and is not counted within the project cost.
You must be able to demonstrate how the project will develop your business and what difference it will make.
Payment will be retrospective. Applicants will need to ensure they have total funds available upfront and are in a position to commence the project straight away. Once approved, applicants will also be required to supply relevant paid invoices within 30 days.
The Apprenticeship Grant is available to individual businesses of up to 50 employees. A one off payment of £1,000 per apprentice is available towards the cost of taking on an apprentice. Individual businesses can apply for up to two grants.