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Issue - decisions

Start Up Business Grant Review

04/03/2020 - Start Up Business Grant Review

The Report of the Portfolio Holder for Heritage and Growth to review the success of the Start Up Grants project over the last 3 years (end April 2017 to end March 2020) and seeks approval for the extension of the existing scheme for a further 3 years (April 2020 until the end of March 2023). As such approval is also sought for a virement of £20,000 from the Voluntary and Community sector budget, GS1002 57025 (Grants to Community Service Organisations) to the Economic Development and Regeneration budget, GS0402 34537 (Grants) per annum until 31st March 2023.

 

RESOLVED

         That;

 

 

  • The impact, outcomes and success of the grant scheme over the past 3 years was noted.
  • The principles and eligibility criteria of the Start-up Business Grant for the next 3 years was approved.
  • Cabinet makes final decisions on all Start Up Business Grants applied for on a quarterly basis. 
  • An annual budget to be created within the Economic Development and Regeneration service area, GS0402 34537, by way of an annual virement of  £20,000  from the Voluntary and Community sector budget, GS1002 57025 per annum subject to annual budget agreements and relevant reviews up until 31st March 2023.
  • The impact and need for the business grants scheme continues to be reviewed on an annual basis through the business planning process and key performance indicators. 

 

(Moved by Councillor J Oates and seconded by Councillor D Cook)