Falkirk Growth Fund FAQs
Can funding be claimed which has already been incurred by the business?
No, this must be new spend. Purchases must not be made, or committed to, prior to the grant being approved.
Can training costs be included as expenditure?
Training costs can be considered where they are part of the overall project costs and are directly relating to an investment.
For example, a business invests in new piece of machinery and staff require to be trained on this and there is an external cost.
Please note, staff time is not an eligible cost.
Can second-hand equipment be purchased?
Equipment must be purchased from registered businesses. Business receipts or invoices would need to be provided.
Are general business running costs eligible?
No, any costs which are routinely incurred by your business are ineligible. Examples of this would be the purchase of stock, general consumables, vehicles and cleaning materials.
Can new machinery or equipment be leased and be funded via this grant?
No, machinery or equipment must be purchased by the business. Businesses will be required to evidence the payment of items via bank statements etc. before the grant will be paid. Purchases made by hire purchase, lease or other finance agreement would not qualify.
Can I apply for some of the costs of a larger project?
Yes, provided the items being claimed meet the criteria of the funds and the business can demonstrate that these items have been purchased and paid for via the business bank account.
Can I pay for eligible items by cash?
No, all payments for approved expenditure must be made through the business bank account and supported by invoices/receipts from suppliers. Items or services paid for by cash do not meet audit trail requirements and are not eligible for grant.
Are IT hardware/ software/ licensing costs eligible?
No – IT projects can be supported via the Digital Development Fund.
Can I apply for a Growth Fund if I've had one previously?
No – only one Growth Fund per business is permitted. If you are not sure if you've previously had a Growth Fund, please email bsgrant@falkirk.gov.uk to find out.
Where can I get more support for my business?
To help your business with making digital improvements visit the Business Gateway website or contact the team of Advisers at Falkirk Business Gateway office.