Rossendale

Financial Assistance

What activities can gain grant support?

R&D
The provision of funding for R&D is increasing. An important distinction is between research into new products and processes (grant support is available) and continued development of an existing product or process (grant support is less likely).

Support for companies is now widely available through the R&D tax credit, which can be considered as state aid by the EU. This is an important distinction because care must be taken by companies seeking to gain grant funding in addition to a tax credit.

There is a National DTI Grant for R&D (SMART in Scotland and Wales) aimed principally at SMEs, but grant schemes for R&D are being introduced all the time. Yorkshire Forward, for example, has introduced an R&D scheme for large companies based in Yorkshire.

There is also a large pan-European grant regime called ‘Framework 6’ which is available to companies involved in collaborative R&D projects with other companies and universities across Europe.

Employment and training
Government funds are now typically aimed at ‘training providers’ that can undertake the training. This activity is organised by the Learning and Skills Council.

Employment and training funding may still be gained in some areas of the UK through the regional development agencies or other economic development agencies. This is usually linked to certain categories of employees (typically dependent upon age, previous employment status and level of qualification).

The government also subsidises the employment of high-priority employee categories through the New Deal.

Environmental grants
The EU makes provision for national governments to provide funding under environmental schemes and provides some environmental programmes directly. Environmental grant schemes are typically for small amounts of money, but this will depend on region.

Capital investment in the assisted areas
There is a substantial grant scheme in the UK, which is available to any company making an investment in an assisted area that also creates or safeguards employment. The scheme is called Selective Finance for Investment (SFI) in England, and a variation of the scheme is called Regional Selective Assistance (RSA) in Wales and Scotland. A related but simplified scheme also exists in Northern Ireland. Companies seeking the grant funding must offer an explanation demonstrating why the grant will allow the project to proceed in the UK.

They must also identify the amount of grant, which will be necessary for the project to proceed. The government will not pay more than a set percentage of the eligible capital expenditure. This can be up to 35 per cent in Liverpool, 20 per cent in Glasgow and 15 per cent in Manchester.

These are legally enforced limits and the government also limits the amount paid per job created. The UK average is £5,000 per job, although this may vary depending on sector: a pharmaceutical R&D environment might be awarded £10,000 per job.

Real estate development
Where companies are undertaking real estate development but the end value of the project will be less than the cost of development and construction, it is possible to gain grant funding to meet the difference (within set limits).

The gap between cost and value might arise because of contaminated land or difficult ground conditions but the gap may also exist because of market failure in areas of deprivation.

Increasingly, this is being used only for regionally important development projects rather than multiple small building schemes.

Area: Rossendale

Funding title	Available location
Northwest Small Business Loan Scheme	Lancashire
NW Leaders Development Fund (Train to Gain)	Lancashire
Northwest Vision and Media	Lancashire
Lancaster Business Creation - Phase 2	Lancashire (North and West)
Unilever Ventures	Lancashire
MMC Ventures	Lancashire
North West Equity Fund	Lancashire
Coalfields Enterprise Fund	Lancashire
Rising Stars Growth Fund	Lancashire
Bridges Community Ventures	Lancashire
Royal British Legion Small Business Loans	Lancashire
Small Firms Loan Guarantee	Lancashire
Job Introduction Scheme	Lancashire
The Prince's Trust Business Programme	Lancashire
Grants for Research and Development	Lancashire
Grants for the Arts	Lancashire
Grants for Growth	Lancashire
Selective Finance for Investment	Lancashire
Women in Business Loan Fund	Lancashire
New Entrepreneurs Scholarship Programme	Lancashire
LCDL - The Rosebud Fund Key Sectors Advanced manufacturing Aerospace Automotive Chemicals and biotechnology Textiles Business and professional services Call centres Creative, digital, ICT and new media Education Energy and environmental technology Food and drink Internationalisation Rural Rossendale Borough Council Room 206, Kingfisher Centre, Futures Park, Bacup OL13 0BB www.rossendale.gov.uk Property Enquiries, Business Support and Financial Assistance Information: Sarah Dunn T: 01706 252421 F: 01706 873577 E: sarahdunn@rossendalebc.gov.uk Contact: Bill Mercer Rossendale Borough Council, Economic Regeneration & Strategic Housing Room 120, Kingfisher Centre, Futures Park, Bacup OL13 0BB T: 01706 252421E: billmercer@rossendalebc.gov.uk W: www.rossendale.gov.uk Grants and government support Grants: the basics Finding a grant that suits your business and what makes a business eligible to receive one Government support: the basics Government support available to businesses, including financial support, advice, information and skills training Grants and Support Directory Search our database of grants and support - is there help for you? Innovation, research and development grants R&D grants can finance new products, research or innovations but there is always fierce competition for funds Support networks and facilities for innovation and R&D Enterprise organisations and groups that can help your business with innovation, research and development Find support for inventors Details of the key sources of help and advice available for inventors and innovative businesses developing ideas Work with UK universities and colleges Government-sponsored research and development programmes can help make your business more competitive Tax reliefs and allowances for research and development Credits and allowances can reduce your tax bill if you spend money on research and development Tax advantages for those starting up in business The tax allowances and reliefs available to new businesses Capital allowances: the basics Which purchases or investments you can claim capital allowances for, and how to make the claim First-year allowances What first-year allowances are the percentage of each allowance and how to make a claim Capital and incentive allowances interactive tools These interactive tools help you identify the capital and incentive allowances that your business can claim Online transactions with government This interactive tool identifies online transactions available to your business & explains how to register and enrol Find out if you can claim R&D tax relief Determine if you're eligible for one of the R&D tax relief schemes Employing people Taking on staff Recruitment and getting started Employing different types of worker Paperwork Pay and pensions Paying your staff Pension schemes Managing your staff Setting the rules Working time and time off Equal opportunities and diversity Work and families Health, safety and working environment Employee representatives and trade unions Organisational change Improving staff performance Skills and training Motivation Problems and incidents Dismissals, redundancies and other exits Disciplinary problems, disputes and grievances Employing people - site map Tools Create a written statement of employment Use our interactive tool to help you when you are thinking about taking on an employee Use our interactive tool on your legal responsibilities when taking on new staff Use our interactive tool on planning inductions and getting new employees started Use our checklist to assess your employment practices Find out how much annual leave your employees are due Find out how to manage paternity and adoption leave and pay Find out how to manage new and expectant mothers in your workplace Choose the right type of flexible working Calculate the statutory redundancy pay due to your employee Create your own personal development plan Sign up for email alerts about new and changing regulations in this theme Find Training courses Publications Employing people glossary terms Employing people events near you Employing people case studies How to become a Training Provider The National Skills Academy for Sport and Active Leisure is pleased to announce that invitations to tender for the NSA Regional Network within the following regions are now available. We are currently inviting tenders for the following regions: London North West Yorkshire and the Humber National Level South East There will be an additional wave of tendering offered in first half of 2009 which will provide additional opportunity to providers interested in joining the NSA network, with further opportunities to tender for other regions, not included in this wave, at a later date. Documents: Northwest Cover Letter Northwest Cover Letter for Hubs National Cover Letter Tendering Process Background Information For an Application form please contact welcome@sportactivensa.co.uk Role of the NSA Centre of Excellence (CoE) to work with employers and industry partners to coordinate and deliver training provision required by organisations within or related to the sector. to lead the development and implementation of innovative programmes to meet the needs of employers and the sector/sub-sector(s). to provide training and qualifications (accredited and non-accredited) to meet the skills needs and training requirements of employers in the local and regional area. to lead aspects of and contribute to the regional network’s continued development. Role of the NSA Academy Provider (AP) to work with the hub/Centres of Excellence(s) to provide training and qualifications to meet the skills needs and training requirements of employers in the local and regional area. to contribute to the regional network’s continued development. Role of the NSA Regional Hub Site - Northwest Only for this Wave accommodate key members of the Regional NSA staff team eg the Business Development Manager for Sport; support providers to meet the standards & requirements of the NSA; liaise with and act on behalf of organisations within the sector; engage with key stakeholders and industry partners in the region; operate as the communication centre for the network; be at the heart of the strategic growth of the NSA in the region. Key Dates Applications period: 3rd October - 10th November 2008 Applications due: Midday, 10th November For information and documentation, please contact welcome@sportactivensa.co.uk How to become a training provider ConstructionSkills Site Safety Plus courses are conducted by approved Training Providers and they must employ/subcontract a person/s with the appropriate Tutor criteria as specified within the Scheme Rules. To become an Accredited Site Safety Plus Training Provider please email a request for an application form to sitesafetyplus@cskills.org The Scheme Rules (380kb PDF file) Amendments list (68kb PDF) Specimen Contract (66kb PDF file) A5 Brochure for individuals (200kb PDF file) A5 Brochure for training providers (283kb PDF file) Applications not meeting the criteria will be rejected. 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