6. What KMBF cannot fund? Non-eligible sectors – KMBF cannot accept applications from firms active in the following sectors, as they are ineligible and they cannot be considered for support: Fisheries and aquaculture Primary production of agricultural products Processing and marketing of agricultural products Coal Steel production Shipbuilding Synthetic fibres Organisations engaged in political activity or lobbying at any level or activity of an exclusively religious nature. Hospital, medical services and publicly and privately owned nursing homes, or care related hostel or residential activities Defence sector activities Schools (inc. State, Free Schools and Private) Professional services e.g. accountants, legal, financial, insurance Tourism and leisure activities (except in the designated Assisted Areas see Appendix 6) Road haulage, distribution and warehousing Energy generation Franchises We also acknowledge that for some investment proposals it may be difficult to easily define which sector they fall within. Therefore please submit a pre-application form so that the KMBF Programme Management Team (for contact details see Section 12) can assess eligibility. 7. KMBF application process 8. How to apply The KMBF pre-application is a key part of the application process and is undertaken to determine: Your pre-application must be submitted by the 19th January 2017. The eligibility of your organisation and your investment proposal. Whether your investment proposal meets the KMBF criteria. Whether there are funds available to support your investment proposal. Eligibility to proceed to a KMBF full application. Receipt of a KMBF pre-application form will be acknowledged within three working days and a decision on a fully completed pre-application will be made by the 23rd January
Appendix 4 - Match Funding Type of match funding 1b Minimum requirement to support funding at initial Full application stage 1c Finalised paperwork required at contract stage / prior to release of any funds. Bank loan Copy of Heads of terms or conditional offer letter provided by the Bank. N.B this should confirm offer of funds to your Company (£ value), and be provided on Bank letterhead paperwork or similar. Copy of Bank Loan contract document duly signed / in force, confirming funds (£ value) have been provided to your Company. N.B. if the loan contract is not new, then a copy of current business bank account statement showing that the loan provided remains available to the Company. (i.e. not already exhausted). Company own funds Copy of current bank statement of Company confirming availability of funds. Refreshed copy of current business bank account statement showing that the funds (£ value) remain available to the Company. (i.e. not already exhausted) Overdraft facility Copy of letter from Bank confirming overdraft facility available to Company. Copy of letter from Bank confirming overdraft facility available / together with; Copy of current business bank account statement showing that the overdraft remains available to the Company. (i.e. not already exhausted). Own funds inc. owner, partner’s, director’s, member’s loan Copy of a current bank statement showing where monies are held confirming availability of funds. Copy of current business bank account statement showing that the funds have been provided / transferred to the Company / are available. (i.e. not already exhausted). Pension funds from Company Letter of commitment from trustees of pension fund. Trustee resolution confirming funding (£ value) available to the Company. Private investor/ New share capital/ New equity investors Copy of Heads of terms or conditional offer letter provided by the investor. N.B this should confirm offer of funds to your Company (£ value), and be provided on the investors letterhead paperwork or similar. Copy of current business bank account statement showing that the funding has been provided / transferred to the Company / are available. (i.e. not already exhausted). Shareholder contributions Heads of terms Shareholder agreement duly signed / in force confirming funds (£ value) have been provided to your Company, or Company bank statement showing credit values into the