Monday, 19 May 2014

Business development grants available from Low Carbon Plus

The markets for waste wood, biomass fuel, firewood and fencing are continuing to improve in Kent and we are aware of several new projects and initiatives that should impact right across the supply chain. 

We also know that the sector has struggled with investment in machinery in recent years.  This is partially due to poor markets, but also because grants programmes such as LEADER are not currently active.

Help is at hand!  

The Low Carbon Plus project offers grants to businesses to fund 45% of the cost of qualifying projects. The minimum grant that can be awarded is £1,000 and the maximum grant amount is £20,000.

We are aware that several Kent-based woodland management/wood fuel businesses that have already successfully applied to Low Carbon Plus.  One firewood supplier will use the grant to help improve storage facilities whilst a woodland contractor will use the grant for a new forwarder.

More details can be found below.

Projects must lead to business growth and/or job creation.  Grant funding can be used to cover the following types of expenditure:

  • Development finance: funding required to expand the business such as marketing costs
  • Plant and machinery: costs of re-tooling and installation of machinery and hardware, as well as training required to operate it
  • Intangible assets: including costs of purchasing patents, IT, software and licences  
  • Consultancy costs: including marketing and business planning

Funding cannot be allocated retrospectively, and only applications where no activity has yet taken place will be considered.

The initial application form can be found here.  Participants are encouraged to join the Low Carbon Kent business network.

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