The BG Effect Business Fund offers grant support to eligible business start ups based in Blaenau Gwent. This could include providing advice and expert support to develop a business idea, providing the necessary equipment resources to start a business and helping to fund business location costs or professional fees.
The purpose of the fund is to promote conditions to assist those who wish to start up their own business or enterprise in Blaenau Gwent and create full time employment.
BG Effect Business Fund applicants maybe awarded up to 80% of the eligible costs.
Applications of up to £2,000 will be considered for anyone starting a full-time business. The maximum level of funding will demand a longer term commitment to making the business a success. Full-time start up applications must include evidence of future planning, evidence of the business being a sustainable business, and detailed financial forecasting.
All applications must be accompanied by a business plan and a financial forecast. The Effect Facilitator can assist you with the development of a Business Plan and advise you of business support agencies that are available to help. We also ask that applications for goods or services use local suppliers in the Blaenau Gwent area where possible.
Please ensure that you inform us if you have received (or applied for) any other finance, or whether you will be investing your own money. You will be required to prove to the Business Development Officer that you have the 20% matchfunding required. Please note that VAT costs cannot be included and all VAT costs should be excluded.