New Business Sustainability Funding Scheme

Community Led Local Development (CLLD) is funded by the European Regional Development Fund (ERDF) and the European Social Fund (ESF). This opportunity will provide ERDF funding only.

CLLD is looking for projects to support new business sustainability and employment in West Cornwall and Coast to Coast.

In this context supporting business sustainability is defined as the provision of advice, consultancy, mentoring and/or coaching that enables businesses to plan, develop and secure short- and medium-term financial viability or a new business model from which to grow.

We recognise the impact that the coronavirus pandemic has had on our community with many facing an uncertain or different future. We are also aware that some people have moved from employment into self-employment and created their own new businesses during the pandemic. We are looking to grant fund business support organisations who can provide assistance to new business owners in our target areas, to support them to adjust to the new economic realities and ensure the viability of their recently registered enterprise.

Lot 1 (West Cornwall) - Max grant allocation = £110,000 Lot 2 (Coast to Coast) - Max grant allocation = £100,000

Intervention rate: up to 72%

Match: to be found from non-EU sources

Projects will need to deliver the following 2 outputs:

1. New businesses supported (C5)
2. days (12 hrs) active consultancy support for a new business - registered less than 12 months before the assistance is provided. All businesses supported must be based in the core (minimum 70%) or functional (maximum 30%) areas of West Cornwall, and Coast to Coast. Details of these locations can be found on the Local Action Group page of our website for West Cornwall and Coast to Coast.

2. Job creation (C8)

Jobs created following an intervention with an enterprise that result in an increase in the overall number of staff employed within that enterprise (new, permanent - at least 12 months - paid, full-time equivalent job created as a result of activity supported by project).

Lot 1. CLLD West Cornwall is looking at projects delivering the following outputs:

New business supported - C5 x 17

Job creation - C8 x 5 FTE

Lot 2. CLLD Coast to Coast is looking at projects delivering the following outputs:

New business supported - C5 x 12

Job creation - C8 x 5 FTE