Issue - meetings
Small Business Grants
Meeting: 06/04/2017 - Cabinet (Item 112)
112 Small Business Grants 
PDF 218 KB
(The Report of the Portfolio Holder for Regeneration)
Additional documents:
- Appendix 1 Start Up Business Grants Guidance and Criteria, item 112
PDF 473 KB
- Appendix 2 Start Up Business Grants - Application Process, item 112
PDF 295 KB
Minutes:
The Portfolio Holder for Regeneration seeking approval for a Start-Up Business Grant Scheme for individuals wishing to start up in self-employment or business and young businesses that have been trading for no more than 3 years. The report is also seeking approval for amendments to Grants Sub Committee constitution and a virement of £20,000 from the Voluntary and Community sector budget, GS1002 57025 to the Economic Development and Regeneration budget, GS0402 34537 per annum for a 3 year period, until 31st March 2020.
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RESOLVED: |
That the Members |
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1 |
approved the principles of the Start-up Business Grant;
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2 |
recommend Full Council to amend the Cabinet Grants (Sub Committee) constitution to include the addition of the Start-up Business Grants Scheme;
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3 |
agreed that Cabinet Grants (Sub Committee) makes final decisions on all Start Up Business Grants applied for on a quarterly basis;
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4 |
agreed that an annual budget is created within the Economic Development and Regeneration service area, GS0402 34537 by way of a virement of £20,000 from the Voluntary and Community sector budget, GS1002 57025 per annum subject to annual budget agreements and reviews up until 31st March 2020;
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5 |
agreed that the impact and need for a business grants scheme be reviewed on an annual basis through the business planning process and relevant key performance indicators; and
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6 |
agreed that after 3 years a report on the success of the project be formally reported to Cabinet detailing at a minimum impact, outcomes and learning.
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(Moved by Councillor S Claymore and seconded by Councillor D Cook) |
