New Anglia Small Grant Scheme Frequently Asked Questions – January 2022
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Your investment project must be based in either Norfolk or Suffolk and you must be able to implement
your proposals as soon as you have been successful with your grant application and therefore all
required permissions, licences, such as a planning permission, for example, must be in place before
submission of an application.
4. WHAT KIND OF MATCH FUNDING IS ELIGIBLE?
The remainder of the funding for the project must come from private sources, e.g. company funds, a
bank, private or personal loan, venture capital investment etc.
Public funding, for example, from UK Government or local authorities, EU funding, National Lottery,
other New Anglia funds or programmes, Asset Finance (including hire purchase and mortgage
agreements) cannot be used.
Please note that all project expenditure must be seen to be paid from your business bank account
(see also section 9).
5. WHAT KIND OF REASONS JUSTIFY MY GRANT PROPOSAL?
You will need to convince us there is a case for using grant funding to support your project, for
example by:
• Demonstrating that the investment project would not proceed without our help;
• Showing the assistance will enable the project to be undertaken in a shorter timescale or it can
go ahead earlier;
• Illustrating the financing will enable you to do additional things;
• Showing that without funding the proposals would proceed on a lesser scale;
• Demonstrating help is needed because of the risks involved;
• The project is doing something innovative and support would help;
• Illustrating financial assistance would help you do something different from your current plans;
• Showing funding would prove a catalyst - for example by providing confidence to lenders or
investors.
6. WHAT COSTS ARE ELIGIBLE?
The costs of refurbishment, improvements or extensions of your premises and associated
professional fees related to your business growth and expansion, plant and machinery, commercial
vehicles, fixtures and fittings, IT upgrades / IT equipment, software and licences, website
development associated with new product introductions etc.
We can also support costs for external consultancy and costs associated with participation in trade
fairs.
Please note, expenditure on continuous or periodic activity, routine tax consultancy, regular legal
services or advertising, or costs that are required to comply with national or EU standards, or costs
related to this or other grant funding applications are not eligible.
Please see some examples of eligible costs below: If you’re in manufacturing or engineering, you
might be thinking of investing in productivity or efficiency programmes or purchasing capital
equipment.
• You might need expert consultants who can provide crucial, high quality advice to help your
business take the necessary steps required to move to the next level – whether its accessing
new markets, acquiring the right type of finance or developing new products and services –
support from specialists could make the difference.