New scheme replaces Selective Finance for Investment (SFIE) grants
The newly introduced Grant for Business Investment (GBI) scheme aims to assist businesses to increase productivity by funding capital investment in equipment and technology. It is for businesses looking to expand, modernise, rationalise, diversify and increase productivity in order to maintain or establish sustainable growth and provide skilled jobs.
Grants are awarded as a percentage of eligible project costs.
The costs covered are at the discretion of SEEDA, but could include:
- Equipment and machinery;
- Building refurbishment, fit-out and new build costs;
- New lease or mortgage interest costs for the project period + 3 years for SMEs or 5 years for large enterprises;
- Some intangible assets may also be eligible.
Or:
- 2 years wage costs of some key, skilled jobs created directly as a result of the project.
Visit http://www.seeda.co.uk/Global_Competitiveness/Funding_&_Advice/Grant_for_Business_Investment/index.asp for more information
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