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Home > Business > Economic Development > Grants and Loans > Babergh & Mid Suffolk Grants

Babergh & Mid Suffolk Grants

Business Innovation Support Scheme

Babergh and Mid Suffolk District Councils are pleased to offer a range of new grant schemes, in support of our local independent businesses. The grants are designed to encourage sustainable innovation and economic growth.

Businesses can use this grant funding to deliver improvements and change that enable the following outcomes:

  • Create and sustain jobs
  • Enable the growth of innovation in our businesses
  • Create and retain commercial floorspace
  • Access professional advice and training
  • Improve business frontage and town centre streetscapes (impacting on footfall and visitor satisfaction)
  • Encourage the development of technology based business solutions
  • Improve environmental outcomes and carbon efficiencies
  • Improve disabled access
  • React and be resilient to changing business landscape(s) (for example, Brexit)

There will be four new grants to provide support for businesses - from start-up to expansion.

Growth and increased productivity fund

This grant is for any business who can demonstrate they are looking to:

  • increase productivity
  • increase commercial floorspace
  • create new jobs or apprenticeships

The maximum amount of funding available to each business is £2500.

Enterprise and innovation fund

New businesses can use this grant (worth up to £5000) to utilise innovative ideas, processes or products.

High street premises enhancement fund

Businesses who own or rent a shop, or commercial premises, in a town or village centre can use this grant to improve their premises. The maximum amount of funding available to each business is £2500.

Environmental sustainability fund

This grant is for businesses who want to:

  • improve their environmental performance
  • reduce energy costs
  • use renewable energy
  • lower their carbon footprint

The maximum amount of funding available to each business is £2500.

 

This grants programme is subject to any subsidy control restrictions.

Subsidy control

The Business Innovation Support Scheme is subject to the new subsidy control regime.

Small amounts of financial assistance allowance

Under the new regime, grants may be paid in accordance with Article 3.2(4) of the Trade and Cooperation Agreement (TCA), providing that doing so does not exceed the maximum level of subsidy allowance of 325,000 Special Drawing Rights1, to a single economic actor over any period of 3 fiscal years.

COVID-19 business grant allowance

If the above threshold has been reached, grants may be paid in compliance with the Principles set out in Article 3.4 of the TCA and in compliance with Article 3.2(3) of the TCA subject to £1,600,000.00 limit per single economic actor.2

COVID-19 business grant special allowance3

Where an applicant has reached its limit under the small amounts of financial assistance allowance and COVID-19 business grant allowance, they may be able to access a further allowance of funding under these scheme rules of up to £9,000,000 per single economic actor, subject to the following conditions being met:

  • The special allowance covers only the applicant’s uncovered fixed costs4 incurred during the period between 1 March 2020 and 31 March 2022, including such costs incurred in any part of that period (‘eligible period’);
  • Applicants must demonstrate a decline in turnover during the eligible period of at least 30% compared to the same period in 2019.5

Apply

Applicants must complete the subsidy control declaration within the application form.

Further guidance on subsidy control and state aid is available from GOV.UK.

Please refer to the scheme's prospectus for additional information.

Apply for the Business Innovation Support Scheme

When applying, please refer to the scheme's guidance notes. Make sure you clearly demonstrate how your business meets the criteria of the relevant grant.

For any additional queries, please email our Economic development team.

 

Appendices

1 Equivalent of £335,000 as at 2 March 2021

2 This allowance includes any grants previously received under the COVID-19 business grant schemes and any State aid previously received

under Section 3.1 of the European Commission’s Temporary Framework across any other UK scheme.

This may be combined with the Small Amounts of Financial Assistance Allowance to equal £1,935,000 (subject to the exact amount applicable

under the Small Amounts of Financial Assistance Allowance using the Special Drawing Right calculator).

3 This allowance includes any grants previously received in accordance with Section 3.12 of the European Commission’s Temporary

Framework; all figures used must be gross, that is, before any deduction of tax or other charge.

Grants provided under this allowance shall not be cumulated with other subsidies for the same costs.

For the avoidance of doubt, grants under the Small Amounts of Financial Assistance Allowance, the COVID-19 Business Grant Allowance

and the COVID-19 Business Grant Special Allowance may be combined for a potential total allowance of £10,935,000 (taking into account

all grants previously received under the COVID-19 business grants schemes and subject to the exact amount applicable under the Small

Amounts of Financial Assistance Allowance using the Special Drawing Right calculator).

4 ‘Uncovered fixed costs’ means fixed costs not otherwise covered by profit, insurance or other subsidies.

5 The calculation of losses will be based on audited accounts or official statutory accounts filed at Companies House, or approved accounts

submitted to HMRC which includes information on the applicant’s profit and loss