Transforming Towns

5. What you cannot use the grant for

The grant cannot be used for:

• interest on debt;
• bank charges on accounts;
• costs of guarantees provided by a bank or other financial institution;
• charges for financial transactions, foreign exchange commissions and losses, and other purely financial expenses;
• loan charges;
• interest or service charges – arising on leases and hire purchase arrangements;
• costs resulting from the deferral of payments to creditors;
• costs involved in winding up a company;
• bad debts arising from loans to employees, proprietors, partners, directors, guarantors or shareholders;
• fines, financial penalties and expenses of litigation;
• staff costs that are not directly attributable to project delivery;
• training that is mandatory under statutory provision;
• payment for gifts and donations;
• entertainment costs;
• repairs and maintenance unless directly related to project delivery;
• stand-alone costs of works being carried out as a statutory requirement;
• notional costs;
• payments for activity of a direct political nature;
• dividends for shareholders;
• costs incurred by individuals in setting up and contributing towards private pension schemes, or the setting up of such schemes by organisations in receipt of structural funds;
• payments for unfunded pensions; and
• discount
• general maintenance
• ongoing maintenance costs
• Solicitors fees
• Planning fees
• Any costs incurred before stage 1 approval to progress
• Any costs not procured in line with third party procurement rules
• Funding to support work that you have already started.

Projects that create vacant commercial space on completion will not be eligible for funding.