Business grants
There are a number of grant schemes aimed at helping you develop your business by improving your premises, making them more secure, purchasing new premises, and recruiting and training local staff. The New Deal for Communities area has a dedicated Business Liaison Officer who can advise you about these and how to access them. Further information can be obtained from Matt Lane on 0161-793 3346.
1. Building Purchase and Refurbishment Grants
Help may be offered in the Charlestown and Lower Kersal area of Salford towards the cost of buying land & property, developing the visual impact of your premises, the refurbishment of derelict property.
Who can apply?
Any company based in the NDC Area or those relocating to the city (excluding retail). For further information contact mathew.lane@salford.gov.uk or telephone 0161-793 3346.
See some examples of before and after at Rushview Ltd
2. Business Security Grants
Assistance is available in the Charlestown and Lower Kersal area of Salford towards the cost of security measures for Commercial and Industrial premises. The grant can contribute towards security shutters, grilles and fencing, close circuit TV and lighting, installing alarm systems, and access control. Applicants are required to have a mandatory security audit, conducted free of charge.
Who can apply?
All NDC based businesses (excluding charities and companies with charitable exemptions on business rates). For further information and advice please contact mathew.lane@salford.gov.uk or telephone 0161-793 3346.
3. Recruitment and Training Support Grant
The grant is available to employers with up to 250 employees, who commit to the Salford Employment Charter Code of Practice and who are able to offer employment and training opportunities to local Salford residents.
To be eligible, your company must be:
- Willing to employ a local unemployed resident of Salford for a minimum of 26 weeks
- Willing to provide a weekly wage of above £144.00 in line with the national minimum wage
- Committed to allowing new and existing staff to undertake training
For further information contact employment.charter@salford.gov.uk or telephone the Salford Charter Team on 0161-745 7844.
4. Salford Loan Fund
This fund is available to all existing or new Salford companies as a part of their funding package with new or current lenders. Money is available towards the cost of expansion, relocation and the purchase of capital items or working capital. Qualifying projects must create or develop employment opportunities.
Key features of the loan include:
- Up to £25,000 may be available
- Repayment period up to 5 years
- Interest rates are fixed between 9% to 12% p.a.
- Capital holiday repayments of up to 3 months may be negotiated
Who can apply?
Individuals and small businesses in Salford. For further information contact elsa.sawczuk@salford.gov.uk or telephone 0161-793 3413.
5. Selective Finance for Investment
As from the 1st April 2004 a new product has been introduced by the D.T.I. to replace the Regional Selective assistance (RSA) and the Enterprise Grant Scheme (E.G.S.) in Salford.
The new scheme named Selective Finance for Investment will be delivered by the North West Development agency and can assist with the purchase of plant and equipment and associated building costs. The amount awarded depends on:
- The impact that the project will have on the economy
- Growth in productivity
- Viability
- Need for grant
- The number of NVQ level 2 jobs created or safeguarded (not required for applications of £100,000 or less)
Eligible expenditure may include fixed assets such as:
- Equipment, plant and machinery
- Some associated one-off costs such as the acquisition of patents
- Associated site preparation and buildings
Who can apply?
Any Salford based company or those relocating to the city (excluding retail).
The grant can offer up to 15% of fixed costs depending on the size and location of the Company. Further information on the scheme can be obtained from the DTI's web site at: www.dti.gov.uk/regionalinvestment
For application forms and advice on the scheme criteria please contact the Business Liaison Team on 0161 793 2803 or e-mail: business.liaisonteam@salford.gov.uk
This page was last updated on 11 April 2005
