| Salmon
& You >>about us |
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Salmon
Business Solutions - the Approved Consultants for 'Invest
for Growth
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| Why
Objective 1 ? |
South
Yorkshire GDP at 74% of EU average |
| Strategic
Aim ? |
To
build a balanced, diverse and sustainable high growth economy,
recognised as a growing European Centre for high technology
manufacturing and knowledge based sectors, and offering
opportunities for the whole company. |
| Objectives
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Create
new businesses, Increase profitability of companies, create
new jobs, train labour force. |
| How
Long to get the Grant ? |
Anything
from 10 days to 7 weeks |
- 250 or less employees*
- Turnover not more than 40 m euros (approx £28 m)
- Balance sheet not more than 20 m euros (approx £16
m)
- Not owned 25% or more by a group employing more than
250 employees
- 4 In the industry sectors of Engineering, Materials
and Manufacturing (EMM), Food or Tourism - see Standard
Industrial Classification (SIC) codes document SH02.
- 4 Located within the South Yorkshire Objective 1 region
and paying rates to Sheffield, Barnsley, Rotherham or
Doncaster local authority.
* Note that some larger companies may
be eligible for support, provided that they are within
the EMM sector, have a research and development unit located
within the Objective 1 area of South Yorkshire, and the
project is for research and development or supply chain
development.
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- Developing internationalisation (exports and new markets)
- Developing new products and processes
- Developing information and communications technology
(ICT) capability/e-business
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- Projects must aim to increase sales over three
years by £10 for every £1 grant invested in the project.
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- Up to 50% grant may be available for revenue projects
(professional fees)
- Up to 30% grant may be available for capital projects
(plant and equipment)
Note that a management fee is charged.
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For further
information relating to Priority 1 grants or anything to do
with IT and the Internet Please contact: John Pateman - Account
Manager - 0114 2012227
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