Eastleigh BID Business Grant Information
What is a BID Business Grant?
This grant is intended to make a contribution to an organisation expanding, either through delivering a new service and the cost associated with that such as a new website, marketing activities and promotional material, buying new equipment or employing new staff. The grant can also be used for business premises improvements which will enhance the BID area.
How much can I apply for?
The grant will fund 50% of the cost of the project up to the fund value of £1000. (project value £2000) Projects can cost more than this but the maximum funding will remain the same. The grants are allocated on a first come first serve basis.
Who can apply?
Any levy paying business in the BID area or moving into the BID area. For new businesses, grants will not be paid until the lease has been signed.
Are there any limitations?
The business can only apply for one grant in the five year term of the BID. The grants will be paid directly to the supplier once the work has been completed, unless a prior arrangement has been agreed in advance with the BID Manager / BID Directors. The work must be started within three months of the grant being approved – if the project has not commenced within the three months then the money will be reallocated – Except if otherwise approved by the BID manager.
Who decides on the funding?
Once all the paper work has been received and meets the criteria, the BID Manager will approve the grant. If there are any queries on approval, it will be taken to the board to approve.
How do I apply?
Please download and complete an application form: PDF & Word versions available here.
You will need to provide estimates for all your work, products or associated services which you are applying for funding towards. Once you have completed the application form, please email this and any supporting documentation and quotations to: email@example.com – Applications will be sent to the Directors and if necessary they may wish to meet the applicant if more information is required.
We will require you to complete a questionnaire six months after the grant has been paid and we may write a case study for our BID newsletter promoting the grants and how they can help BID businesses (if requested, no personal identifiable details will be published).