Business start up grant
In this section
- 1. Introduction
- 2. The Offer
- 3. Eligibility
- 4. What you can use the grant for
- 5. What you cannot use the grant for
- 6. Second hand equipment
- 7. Application and Assessment
7. Application and Assessment
All completed applications will be considered on first come first served basis until the fund in fully allocated.
Each application will be assessed against the outputs and outcomes of the grant project, i.e.
- value for money / grant per job created ratio and private sector investment leveraged by the grant as well as the viability of the business plan to support the start-up and sustainable growth plans
- Number of jobs created
- Number of businesses adopting new services or products
- Number of businesses engaging in new markets
- Number of businesses adopting new technologies or processes
- New products to market
The Local Authority has committed to become net zero carbon by 2030 and is keen to promote sustainable business practices through its funding programmes. As part of the application, you will be asked how your business demonstrates a commitment to sustainable development and sign up to the Welsh Government Green Growth Pledge. https://businesswales.gov.wales/green-growth-pledge-0
Initially an applicant is required to submit an expression of interest.
The expression of interest will then be assessed for eligibility purposes and if approved you will be invited to submit a full application.
Each applicant must complete and return the following:
- Fully completed Application Form,
- Business plan (the business plan should include a section on how the business is implementing sustainable business practices)
- 2 years projected forecasts (cash flow projection)
- Formal written quotes for the items included in the application (please see below for guidance)
- Welsh Language Standards- please see further information below
- Environmental / Sustainability Policy – Applicants will need to outline the ways in which the business is committed to reducing its impact on the environment.
It should be noted that the Shared prosperity Fund Carmarthenshire Business Start Up Grant is a discretionary grant and is subject to approval by Carmarthenshire County Council. Each application will be assessed by a panel which meets monthly to consider applications which meet the standard by the given deadline.
Please Note - Applications will need to be proceedable before they are presented to panel so essential requirements such as match funding, planning permission (where applicable), etc. must be confirmed before the grant team will prepare the application for consideration at panel.
Exceptions to these conditions will be given consideration on a case by case basis.
