South Shropshire News

Shropshire and Herefordshire Business Enterprise Fund - News from Tim King

Shropshire and Herefordshire Business Enterprise Fund - News from Tim King in South Shropshire
Shropshire and Herefordshire Councils have secured European Regional Development Funding to run the Business Enterprise Fund jointly, with £500,000 available in each county for start ups and businesses to bid into over the next three years. For individuals wanting to start up a business, capital grants are available for up to 50%

For small and medium sized businesses that are currently trading, capital grants are available for up to 50% of the eligible investment or a maximum of £1,500 for those trading under 9 months old or a maximum of £5,000 for a business over 9 months old.

Due to European regulations, the Fund is restricted to certain sectors with key exclusions being retail (i.e. business to consumer businesses) and farming.

The next application deadline is February 2012

Contact

Business and Enterprise Team

01743 252596 / 252533 www.shropshire.gov.uk


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