Go-Create Grant Application Workshop 12 th December 2019 James - - PowerPoint PPT Presentation

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Go-Create Grant Application Workshop 12 th December 2019 James - - PowerPoint PPT Presentation

Go-Create Grant Application Workshop 12 th December 2019 James Ruel, Compliance Manager Agenda What support is available Find out if you are eligible How to apply The rules Key dates Why applications are un successful


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Go-Create Grant Application Workshop

12th December 2019

James Ruel, Compliance Manager

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Agenda

  • What support is available
  • Find out if you are eligible
  • How to apply
  • The rules
  • Key dates
  • Why applications are unsuccessful
  • Separate into groups for Elevate, Go-

Create and eScalate grants

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SLIDE 3

Introductions

  • Who you are
  • Name of business (if you have a business)
  • Business / business area
  • OxLEP – who we are and what we do
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Innovation Support for Businesses

  • Innovation facilities
  • Eco-business Centre
  • Agile & Labs
  • Smart Oxford Co-working space
  • Innovation support products
  • Go-Create Grants
  • Partners:
  • OCC, OxLEP, University of Oxford,

Oxford City Council, Cherwell District Council, Oxford University Hospitals Trust

Business Support Facilities Grants

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SLIDE 5

Go-Create grants

Budget £875,000.00 Committed £409,917.80 Uncommitted £465,082.20 Max grant £50,000 (anticipated) Grant rate 33% minimum* * 25% preferred.

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Eligible activities – Go-Create Grants

  • Early product validation

actions

  • First production
  • Revenue, i.e. no asset over £5k
  • Investment in product and service development
  • Technological and applied research
  • Developing pilot lines
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Key eligibility issues - Go-Create

  • No staff costs for pre-existing staff
  • New or temporary staff costs only
  • VAT can be included only if you are not registered for

VAT or cannot recover VAT from HMRC (seek advice)

  • Procurement audit trail and three quotes
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SLIDE 8

What can’t we fund?

  • Salary replacement costs (avoid all salary costs, if

possible)

  • Travel and expenses
  • VAT payments you can recover from HMRC
  • Any other debt or refinancing costs or

statutory/legislative requirements

  • Training – does not include leadership and

management development, e.g. mentoring

  • Vehicle purchases or any HP arrangements
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What can’t we fund?

  • Vehicle purchases or any HP arrangements
  • Like for like or routine replacement or

preventative/remedial maintenance

  • Building or refurbishing retail facilities
  • Some specific sectors:
  • the primary production of agricultural goods and

fisheries/aquaculture;

  • road freight;
  • services of general economic interest;
  • export related activities; and
  • activities favouring domestic over imported goods.
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Eligibility – SMEs

  • SME
  • Less than 250 employees
  • Not more that 25% owned by a non-

SME and

  • Turnover less then 50m euros;

AND/OR

  • Balance sheet less than 43m euros
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Eligibility – Innovation Project

  • SME
  • Innovation
  • Product
  • Process
  • Service
  • Ineligible sectors
  • the primary production of agricultural goods and fisheries/aquaculture;
  • road freight;
  • services of general economic interest;
  • export related activities; and
  • activities favouring domestic over imported goods.
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Undertakings in difficulty

  • Does not include SMEs less than three years old
  • An undertaking (SME) that is:
  • Limited liability company: more than half of subscribed share capital has disappeared

as a result of accumulated losses

  • Unlimited liability company: more than half of its capital has disappeared as a result
  • f accumulated losses
  • Subject to insolvency proceedings
  • SME in receipt of rescue or restructuring aid
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Deliverables that we must report

  • Grant
  • Match
  • Employment increase: new jobs
  • New products to the firm / market
  • New businesses
  • Evidence is needed…there’s a form…
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SLIDE 14

How to apply?

  • Read the guidance on the website
  • Speak to the Team
  • Complete the application form, use the checklist
  • Wait and see…

Opening date Deadline for checking service Closing date Decision date Latest date applicants will be informed 27th November 2019 16th January 2020 3rd February 2020, midday February 2020 6th March 2020

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How does it work?

  • Grant Offer
  • Total eligible spend £40,000
  • Maximum grant offered £10,000
  • Grant rate 25% of total eligible spend
  • Scenario 1
  • Total eligible spend £30,000
  • Maximum grant we can pay is £7,500 (£30,000 x 25%)
  • Scenario 2
  • Total eligible spend £50,000
  • Maximum grant we can pay is £10,000 (the maximum grant
  • ffered)
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The rules…

  • We can reimburse only

defrayed expenditure incurred after the date

  • f the Grant Offer

Letter

  • Procurement rules –

three quotes are required

  • Evidence is key
  • Flexible or rigid…
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Why are applications unsuccessful?

  • Length – think Goldilocks…
  • Obtuse – so keep it clear and

simple

  • Style – spellchecker is there for a

reason

  • Quality –
  • Take your time
  • Use our checking service
  • Be consistent
  • Complete everything – if a box is blank, could you put N/A in it

and it still makes sense?

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Content

  • Prior knowledge
  • “It goes without saying…”, it never does…
  • Starting at the beginning, go on to the middle and

finish at the end!

  • Relevance of content
  • Telling a story – what do we need to know?
  • Using attachments / additional documents
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Process

  • RTQ
  • ATQ
  • Three quotes means three quotes …
  • If it really is impossible then you’ll have confirmation from

companies that they can’t quote

  • “But I’m different…”
  • “We’ve worked with them

before…” – that’s the point about competition!

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Discussion – what makes a good application

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When you have a grant

  • Wait until grant awarded before spending, etc.
  • Actually spend it…
  • Then claim it!
  • If there are delays, please tell us
  • Provide the necessary evidence with your claim
  • Highlight anything that differs from the application
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James Ruel Compliance Manager james.ruel@oxfordshire.gov.uk