Welcome to Broadland District Council’s Business Start-Up Grant Application Form If you would like this information in a different format, such as large print, audio, Braille or in a different language please call (01603) 431133 and we will do our best to help. www.broadland.gov.uk What is it? This grant primarily aims to help people start their own full time business in the Broadland district who are either unemployed, shortly to be made redundant or returning to work following a period of maternity / paternity leave. The grant is for £1,000 and is paid in two instalments of £500. The first instalment is paid once the business starts trading; the second instalment on the anniversary of this date (subject to the business still trading in the Broadland area). Who can apply? • Any person who has been registered at their local job centre as unemployed for a minimum of one month immediately prior to starting their own business. • Any person shortly to be made redundant who is starting his or her own new business. • Any person returning to work following maternity / paternity leave and who is starting their own business. • The business created must be based in the Broadland district and operate for a minimum of 37 hours per week. • The business must be the applicant’s sole source of employment. How do you apply? 1. Complete the attached application form and return it to the address below together with a business plan (guidelines for the business plan feature on the back of this booklet). The application form must be submitted before trading commences. 2. Once your application is received it will be given an initial appraisal and you may be contacted if further information is required. This may include holding a meeting with you at a mutually convenient time and place. 3. The council will then check your eligibility for the grant by contacting the relevant body, i.e. the Employment Service, place of employment or independent referee. 4. At this stage you will be asked to confirm the date you started trading. We will also ask for confirmation that you are operating the business for a minimum of 37 hours per week and that it is your sole source of employment. 5. When a decision has been reached we will write to you to confirm this. The grant may be awarded subject to certain conditions, e.g. that you attend some form of business training in order to give you the best possible start. The first instalment of £500 will then be paid. • You are advised not to conduct business on the basis that your application has been successful until written confirmation has been received. Arrears in respect of council services Before authorisation of payment for any grant we are required to contact Broadland District Council’s Business Rates, Council Tax, and Sundry Debtors sections to ensure you are not in any arrears with any council services. If an applicant is found to be in any arrears for payment in respect of any council services, the council reserves the right to withhold payment of the grant. Please return your completed application form to: - Hamish Melville, Business Support and Leisure Manager, Broadland District Council, Thorpe Lodge, 1 Yarmouth Road, Thorpe St Andrew, NORWICH NR7 ODU If you have any queries please contact a member of the Business Support Team Tel: (01603) 430487, Fax: (01603) 430561, E-mail: firstname.lastname@example.org Website: www.broadland.gov.uk Disclosure of false information You should be aware that the information provided will be routinely checked by council officers. Disclosure of false information will result in recovery of any monies awarded and may lead to prosecution. Broadland District Council shall be entitled to recover any sum due in accordance with the terms and conditions of this application form as a debt from you. Changes in circumstances By spreading the grant over thirteen months with two payments, we have tried to ensure that the business created will be long-term and give as much security as possible. However, we appreciate that circumstances may change during this time. Please inform the Business Support and Leisure Manager in writing should the circumstances alter in any way. If your business relocates out of the Broadland district, ceases trading or is sold on to another party, the council will discontinue payments. Payment of grant The council reserves the right to: - • withold payment of the grant where the applicant is found to be in arrears for payment in respect of any council services • pay one or more pre-arranged visits to your business at a mutually convenient time and place. Payment of second instalment The council will contact you approximately one month before your second instalment is due and may require paying a visit to your business premises at a mutually convenient time. To receive the second instalment you will be required to present any two of the following: - 1. recent promotional or advertising material 2. a recent business bank statement 3. a utility bill for your business (telephone/electricity/business rates), dated within the last three months 4. a reference from one of your customers, dated within the last three months In addition we will also request a signed statement from you to confirm that your business is still trading full time in the Broadland District Council area and it is your sole-source of employment. Start-Up Grant Q1 Name (please give full name and title) Date of birth National Insurance number (This is required to verify your unemployment status) Name of Business Position in Company Home Address* Postcode Business Address Postcode *If working from home, is there an area set aside solely for business use? Yes No Tel: Home Tel: Business Fax E-mail Website Q2 Please give a brief description of your business When will the business be set up? Total number of employees (including yourself) Full time Part time Broadland Council Training Services (BCTS) offers a range of training courses to small businesses. Please tick if you would like information on these courses Have you applied for a grant or loan from elsewhere in the last 12 months? If so, please give details: Q3 PLEASE COMPLETE EITHER SECTION A, B OR C A. REGISTERED UNEMPLOYED Please give the name and address of the local Employment Service or Benefits Agency where you are registered and complete the declaration below to allow us to verify your details: Address: I hereby authorise to release information to Business Support, Broadland District Council, with regards to whether I have been registered as unemployed, with dates. Signed Date I understand that the council will notify the Employment Service or Benefits Agency if the grant is awarded. B. MADE REDUNDANT Please give the name and address of your employer and complete the declaration below to allow us to verify your details Name Address I hereby authorise Broadland District Council to contact the above in order to verify my employment status. Signed Date C. CHILD CARE BREAK Please give the name and address of an independent referee and complete the declaration below to allow us to verify your details. (Please note an independent referee can not be a family member or a person who will directly benefit from the business). Name Address I hereby authorise Broadland District Council to contact the above in order to verify my employment status. Signed Date Declaration I confirm that the information provided in this application is accurate, I agree to the terms and conditions stated and understand that disclosure of false information will result in recovery of any monies awarded and may lead to prosecution. The funds provided shall only be used for the agreed purposes and the activities specified by me in my application and business plan. All such activities shall conform with all applicable laws, regulations and Broadland District Council policies as amended from time to time. I agree to allow the council to visit my business premises if needed. I give my full permission for you to contact other council departments to establish if I have any current arrears with Broadland District Council. Signed Date Business Plan Guidelines Front page – Name of business, address and date. Summary – This should give the reader an insight into what the reader is about to read in full. The aim is to gain full attention and interest in what is to come. Introduction – Background information. The history of the business or the rationale for starting it. Business status (i.e. sole trader, partner). Skills and Qualifications – Outline the main skills and qualifications of the key people involved in the business and what role they play. Personal strengths and weaknesses. Identify any skills gaps. Training – Future training/development plans for key personnel and staff. Premises/location – Have suitable premises been found, what consideration was given? Equipment – What equipment or machinery is needed? Objectives – Your vision for the future. What are your goals? Where is the business going? Where will it be in 3 months, 6 months, 1 year, 2 years, 5 years and 10 years time? How are you going to get there? Make sure your goals are SMART - specific, measurable, achievable, realistic and timely. Marketing – Who and where are your customers? What is your unique selling point? Why will people buy this product/service? Look at competition, market trends, the environment in which you will operate and what influences it. What market research have you carried out? Sales – How are you going to sell your product/service? SWOT analysis – Strengths, weaknesses, opportunities and threats. Be positive, yet realistic. What could go wrong and how will you cope/survive? Business administration – Administration systems. Invoicing, credit control, stock control. Use of technology. Trade associations – The benefits offered by any trade association membership. Insurance and Legalities – What type of insurance cover is needed and what level of cover? Health and safety issues and any other legal matters to consider (ie. planning, business rates). Personal survival plan – Have all personal needs been considered, how will you survive the early days if there is little money coming in? Finance – Has the availability of grants or government funding been checked out? How much personal capital is to be invested? What borrowing is needed, (if any). Break-even analysis. Pricing strategy. Cash flow forecast – Show how money will flow in and out of the business on a monthly basis over a 12-month period. This will need to be demonstrated in a one year table detailing all predicted income and all projected outgoings including motor expenses, telephone charges etc. Projected profit and loss – This will correspond and summarise your 12 month cash flow forecast. This will need to show totals of all incomes and outgoings from your forecast and give you an overall figure showing a profit or loss for your business after the first year of trading. Please note all headings must be addressed.