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Sole Trader Ready to take on your First Employee?

Business Investment Grant

New £100K Sole Trader Grant Scheme to boost Business Growth and Employment across Torridge!

Torridge District Council is launching a business grant scheme of up to £5,000 each for Torridge-based businesses that have already been trading for 12 months and are now ready to take on their first employee.

The scheme will require applicants to submit a business plan and some financial information, which will then be considered by a grant panel, who will decide which businesses will be awarded a grant and an amount up to £5K. Even if a grant isn't awarded or businesses just want help and guidance for other issues, the Councils Economic Regeneration team and partners will be on hand to advise on these areas as well and can also provide information on free training courses.

The opening window for the first round of applications is from 2nd March to 30th April with decisions to be made at an investment panel meeting on 20th May. A special awareness event will also be held at Torrington Town Hall on 3rd March. Businesses are invited to come along and discuss the grant scheme but can also talk to business experts from partner organisations.

The scheme has been helped and supported by the Bideford Bay Chamber of Commerce and can be accessed through a simple application process with everything you need to apply on this page. If you require further information or have any queries you can email the Council's Economic Regeneration Officer chris.fuller@torridge.gov.uk

Any new employees must be employed for at least 18.5 hours per week and for a minimum of 12 months.

Good luck!

30 January 2020