Business growth grant

2. The Offer

Grants available between £1,000 and £50,000 gross. 

• Each grant award will be based on 50% of eligible costs or a maximum of £5000 per job *created and/or £5000 per job *safeguarded, whichever is the lesser. (At least one new job must be created and/or one full time equivalent (FTE) job safeguarded, in order to access the grant) Any jobs being claimed as safeguarded will need to be forecasted as being lost within 6 months of application. This will need to be evidenced in detail within the application.
• The minimum grant award is £1000.00 (based on at least one new job created) and the maximum grant award per business is £50,000
• Grants of up to £90,000 can be considered on a case-by-case basis for applications which clearly demonstrate innovation, Research and Development and/or future proofing projects linked to the local innovation strategy https://www.carmarthenshire.gov.wales/media/1231400/local-innovation-strategy.pdf
• Two part time jobs are considered as one full time equivalent- FTE should be based on the standard full-time hours of the employer. If you are only creating or safeguarding a part time job (minimum 16 hours per week) the grant will only be paid on a pro rata basis i.e., max of £2500 for a part time job.
• All jobs created as part of the grant must be claimed within 6 months of the date of final grant payment or 30 December 2025 whichever is the earliest date.
• We encourage that all jobs being created with the support of the grant to be paid the Real Living Wage. https://www.livingwage.org.uk/what-real-living-wage
• If the business is applying for any other public funds such as Arfor, Carmarthenshire Enterprise Fund or Town Centre Improvement grants, the expenditure and outputs cannot be duplicated.
• It is important to note that grants are paid retrospectively, applicants must have the financial means to purchase the item(s) in full up front, and then claim the grant value from Carmarthenshire County Council following the claims process (please see in the terms and conditions within this document)
• Claims must be submitted within 4 months of the offer letter or by 30^th December 2025 the latest whichever is the earliest date. To support cashflow, the grant team will consider the submission of two claims, but prior agreement must be sought from the Council.

·      Multiple applications for the Business Growth grant will be considered subject to the outcomes of the grant being achieved, e.g. job creation.