_ DGH will not support planned business activities that do not add to the net growth of the Dorset economy by merely displacing the activity of other local businesses.
_ The business is an SME – with less than 250 staff and annual turnover less than €50 million.
_ You don’t work in these sectors - Agriculture (primary production & processing of agricultural products, banking and insurance (inc. brokers), fisheries and aquaculture, steel production, shipbuilding, synthetic fibres, public sector or publicly owned organisations.
_ You must not have been in financial difficulty prior to 31st December 2019.
_ Please read the grant guidance document in full.
Step 2 – Grant Panel
Your completed application along with supporting documents will be submitted to our impartial panel, who assess the application. We aim to give you a decision within two weeks.
Step 1 – Application
Read guidance document in full, complete application and business registration forms and supporting documentation. The application should be completed in collaboration with one of our Business Growth Consultants who guide you through the process.
Step 3 – Grant Offer
If your application is approved, we will e-mail you a Grant Offer Letter, Funding Agreement and Terms and Conditions which need to be signed and returned (electronically) before the project can commence.
Step 4 – Project Completion & Payment
On project completion, you will need to provide us with copies of invoices from suppliers, along with bank statements and an invoice from the business to us, so we can make the payment. We will make the payment once sufficient evidence is received.
How does it work?
Dorset Growth Hub Grant
Grants of up to £10,000 to help your business grow.
Comparing business finance made easy.
In partnership with Finpoint, we make it easy for businesses to access finance from the UK's largest panels of lenders. A business finance platform in the UK with options from banks and alternative funding providers.
_ No tedious appointment-making or cold calls to find funding.
_ No credit checks, Finpoint anonymise your data.
What is the Growth Grant?
For Dorset businesses with growth ambitions - Small or Medium sized businesses who are in the planning stages of a project that will lead to business growth, either by creating new jobs, creating new products or services or improving business processes and productivity.
Growth Grants are match funded 3:1 by your business and you can apply for £5,000 to £10,000.
_ For example, a minimum contribution of 75% of the total eligible project costs is required from your business. Hence the minimum project size is £20,000, but for example if the total project costs are £40,000 or over then the maximum grant of £10,000 is available.
_ You will need to be a registered business based in Dorset and have been trading viably.
_ Your project must be complete by December 2022.
Make sure to read the full guidance document below. Click "apply" to express your interest, we'll check you're eligible and help you with the full application.