What can I apply for?
The grant can
be used for equipment that will help you bring in a second revenue stream or
increase production where there is a proven demand, materials or stock for a
new product line, product development, prototypes, one-off costs such as a
website or booking system build, or training.
The grant
cannot be used for brand new computers, tablets and
phones. However, applications for refurbished technology will be considered if
you are:
- able to make a contribution towards the cost of the
item/s.
- able to explain why the refurbished laptop, tablet
or phone will support your business.
- able to provide a weblink to the item/s and describe
why this has been chosen.
You also
cannot apply for your salary or living costs, debt repayment, rent and
utilities, stock for an existing product line or ongoing software
subscriptions.
Whatever you would like to use
the grant for, you will need to provide a breakdown of how you would use the
grant, with specific costs and including weblinks or quotes where possible.
Avoid general terms like ‘marketing’ that do not provide enough detail about
how you will spend the grant. Applications for ‘match funding’ are particularly
welcome – this means that you already have some funding but need an additional
contribution).
If you ask for £500 or less and
are successful, you will be able to re-apply for a second grant at a later
stage. Very early-stage businesses should consider if an initial smaller grant
is helpful, before applying for a larger amount.