Capital Assets Grant

Please note equipment to be supplied and delivered within a month of approval.

Eligible Expenditure

• Available towards machinery and equipment

Eligible Sectors

• Torfaen Based Businesses Only

Ineligible Expenditure

• Expenditure incurred BEFORE the date financial support is offered Purchases by HP/ lease are not eligible
• Does not cover IT software or hardware such as laptops and websites

Amount of Financial Support

• 50% of eligible costs
• Minimum award of financial support is £2,000 (Total spend £4,000 NET VAT needed in order to qualify for minimum award)
• Maximum award of financial support of £15,000 (Total spend £30,000 NET VAT needed in order to qualify for maximum award)
• Maximum of 5 items per award of financial support

Application Process

• Complete enquiry form
• Application Form
• Copy of latest accounts
• 2 year cashflow and P/L incorporating the new investment
• 3 comparable quotations

Factors Considered

• Job Creation
• Safeguarding Jobs
• Environmental Impact
• Local procurement

 

This project is funded by the UK government through the UK Shared Prosperity Fund