Projects that would create overcapacity and just displace jobs elsewhere in the UK do not qualify for grant. There are a number of reasons that grant may be sought. The project should contribute positively towards local and national economic performance. Top Other Funding RSA is the funding of last resort. Most of the funding must come from the private sector, e.g. own resources, bank borrowings, HP or lease finance, equity or loan finance.
Applicants have to demonstrate that they have explored all other avenues.
Additional or alternative assistance may be available from the European Investment Bank, the Welsh Development Agency, your Local Authority or Training and Enterprise Council. The amount of grant that is available for a project is that considered the minimum necessary to allow the project to go ahead. Each case is taken on its merits. There are, however, EC restrictions placed on the total level of public assistance that can be given towards a project. Please note that you are very unlikely to qualify if you have started the project.