Cambridgeshire & Peterborough Combined Authority (CPCA) Capital Grant Scheme
The Cambridgeshire & Peterborough Combined Authority Capital Grant Scheme provides the opportunity for Small and Medium Enterprises (SMEs), that are registered Limited Companies and in the CPCA area to access a capital subsidy.
In order to apply for this grant, both the applicant and the project must be eligible. These are discretionary grants and each application is judged fairly and on its individual merits.
Eligible projects are those which involve the outright purchase of capital equipment. All applicants must be able to demonstrate how the purchase of grant funded equipment will protect and/or generate new jobs. It is a requirement that at least one new job will be protected or created for every £25,000 (or part thereof) of grant funding.
For grants of £2,000 – £49,999 they will fund up to 80% of the total equipment costs. For grants between £50,000 – £150,000 they will fund up to 50% of the total equipment costs. The total cost of the equipment must be at least £2,600.
The CPCA area includes; Kings Lynn and West Norfolk, Fenland and East Cambridgeshire.
The scheme does not cover revenue expenses; such as consultancy fees, software licenses, salaries etc. However, the costs of delivery and installation by the supplier are eligible. In some cases, building work may be eligible.
Any applicant that cannot reclaim VAT (for example by reason of not being registered for VAT) must ensure that this information is provided in the application form. All grants are paid exclusive of VAT if the applicant is VAT registered. If the applicant is not registered for VAT then the total project costs should include the VAT element, but this cannot be applied retrospectively if the CPCA are not made aware of this in the initial application.
Click here for more information.
Click here to apply.
There are two grant funding schemes set-up in response to coronavirus, by the government, to offer support for small businesses, and businesses in the retail, hospitality and leisure sectors.
The Small Business Grant Fund (SBGF) and the Retail, Hospitality and Leisure Grant Fund (RHLG). Both schemes will be delivered by Local Authorities – if you are eligible, your Local Authority (e.g. West Norfolk Borough Council) will be in touch with you to arrange payment.
Eligible businesses in these sectors with a property that has a rateable value of up to and including £15,000 will receive a grant of £10,000.
Eligible businesses in these sectors with a property that has a rateable value of over £15,000 and less than £51,000 will receive a grant of £25,000.
The scheme has been widened to include regular market traders, small charity properties that would meet the criteria for Small Business Rates Relief and bed and breakfasts that pay council tax rather than business rates. Payments will be made at the local authority’s discretion based on economic need.
Small Business Grant Fund
Under the Small Business Grant Fund all eligible businesses in England in receipt of either Small Business Rates Relief (SBRR) or Rural Rates Relief (RRR) in the business rates system will be eligible for a payment of £10,000.
Retail, Hospitality and Leisure Grant Fund
Under the Retail, Hospitality and Leisure Grant eligible businesses in England in receipt of the Expanded Retail Discount (which covers retail, hospitality and leisure) with a rateable value of less than £51,000 will be eligible for cash grants of £10,000 or £25,000 per property.
Businesses with a rateable value of £51,000 or over are not eligible for this scheme.
You can find out more about the schemes and eligibility in this guidance document.