East Herts Grants - £5k for trading premises, up to £50k for new business activities

Apply for a business grant

A total of £523,000 is available to support businesses. 

To be eligible to apply, you must be starting a new business activity that meets one or more of the “Levelling Up” interventions:

E17: Development and promotion of the visitor economy
E19: Investment in research and development at the local level
E20: Research and development grants supporting innovative product and service development
E28: Export grants to grow overseas trading.
E29: Supporting decarbonisation whilst growing the local economy

There are two types of grants available:

1.    Grants for new premises (up to £5,000)

For businesses in any industry looking to open new trading premises in the East Herts district or an existing business looking to expand current premises. Up to £5k is available towards the cost. This is a match-funded grant, applicants will need to invest at least the same amount to be eligible (50% investment, 50% grand funding, up to £5k). 

2.    Grants for new activities (up to £50,000)

This is for existing businesses in any sector and could include the following:

• Diversifying business activity – grants to help businesses develop new products/ services. I.e this could be research and development to bring an idea to market.
• Investing in old infrastructure (e.g. buildings) to ensure they can generate income. I.e. this could be updating older commercial buildings to attract new tenants or converting agricultural buildings to operate in the hospitality sector.
• Investing in new equipment or technology to increase productivity or increase competitiveness. I.e this could be for purchasing manufacturing equipment, farming/agricultural or low-carbon equipment and technology.

Any grant has to be match-funded at 50%. This means that the grant can only cover up to 50% of the cost of the new activity, with the rest being financed by your business. 

For a discussion about whether you think you might be eligible, please contact Chris Smith: [email protected]