Spring Tech Support Fund

** This grant is currently closed **

Eligible Expenditure

• Available towards tech expenditure, such as the purchase or upgrade of: laptops, tablets, specialist software, robotics

Eligible Sectors

• Torfaen Businesses Only Business to Business Available to SMEs (under 250 employees)

Ineligible Expenditure

• Expenditure incurred BEFORE the date financial support is offered Purchases by HP/ lease are not eligible

Amount of Financial Support

• 50% of eligible costs
• Minimum award of financial support is £1,000 (Total spend £2,000 NET VAT needed in order to qualify for minimum award)
• Maximum award of financial support of £2,500 (Total spend £5,000 NET VAT needed in order to qualify for maximum award)
• Maximum of 5 items per award of financial support

Application Process

• Complete expression of interest form
• Simple application form
• Copy of business bank statement (3 months)
• 2 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