The Business Productivity grant aims to support businesses in South Yorkshire to improve their productivity through the provision of capital or revenue grant, and to improve how they measure and report productivity gains.
The grant will provide 50% of funding for projects up to £24,999. The maximum grant that can be awarded per business is £12,499. The other 50% must be provided by you, the applicant.
Whilst the project is initially looking to safeguard businesses and jobs, priority will be given to those applicants that can best demonstrate how the investments will have a positive impact on productivity and the creation of potential new employment opportunities in South Yorkshire.
How does the Business Productivity grant work?
A Key Account Manager/Specialist Business Advisor from one of the participating Local Authorities will work with you to review your current situation. This will help diagnose the essential areas of support that need addressing to ensure your business has the foundations in place to take advantage of the Productivity Grant and potentially other complimentary business support products that are available within the region.
The project will run as a competition with an Open Call inviting businesses to apply for grants of between £2,500 to £12,499 to support capital or revenue investment projects that will lead to clearly evidenced productivity improvements.
Grant awards will be 50% of eligible costs therefore the minimum size of the total project cost will be £5000, the maximum will be £24,999.
ALL applications must be submitted in collaboration with one of the participating Local Authorities
Your business must answer ‘yes’ to the following questions.
- Does your business pay business rates to any of the following local authorities? Barnsley, Doncaster, Rotherham or Sheffield.
- Is your business categorised as a Small to Medium Sized Enterprise?
- Has your business been established for at least 12 months and operates from a commercial premise?
- Does your business generate most of its turnover from trading with other businesses, or, will your application demonstrate how the grant supported project will lead to this?
- Does your business have private finance available, either your own, from a bank or other commercial finance to invest alongside the grant?
- Can you demonstrate financial viability of the project and the need for grant support?
- Can you confirm that your business / project will not be engaged in the following industries / activities?
- Retailing or providing localised business to consumer services. Day Nurseries
- Fishery & Aquaculture Primary Production
- Synthetic fibres / textiles & clothing Shipbuilding
- Coal & Steel
- Banking and Insurance Generalised school age education
- Processing and marketing or agricultural products.
- Has your businesses received less than 200,000 euros of state aid over 3 consecutive fiscal years?
- (Barnsley based businesses only) Will you participate in Barnsley Council’s Employee Promise Initiative? Further information will be provided by the Enterprising Barnsley Team.
If you have answered yes to all the above, then we recommend you get in touch with your relevant authority to discuss the Business Productivity Grant further.
If you are based in Barnsley please contact Enterprising Barnsley – Tel 01226 773003 or email firstname.lastname@example.org
If you are based in Doncaster please contact Business Doncaster – Tel 01302 735555 or email Sharon.email@example.com
If you are based in Rotherham please contact Rotherham Investment and Development Office – Tel 01709 331133 or email firstname.lastname@example.org
If you are based in Sheffield please contact Business Sheffield – Tel 0114 2245000 or email BusinessSheffield@sheffield.gov.uk
All Business Productivity projects must complete by December 2022 and all claims must be submitted by businesses by the end of January 2023.