Would you like someone else to pay up to 40% of your latest investment in IT? For businesses in the Leeds/Bradford and surrounding areas (including Kirkless, Calderdale, York, Wakefield, Harrogate and Craven regions), the Digital Enterprise voucher scheme has been launched which will help you to invest in digital technologies to help you grow and develop.
Digital Enterprise is a partnership programme which is partly funded by the European Union (European Regional Development Fund), the West Yorkshire Combined Authority/Leeds city region Local Enterprise Partnership (LEP) and the 9 local authorities which form part of the Leeds city region.
Bear in mind that the scheme has £8.5m for investment between February 2017 and March 2019 so the pot of money isn’t bottomless and once it has gone it has gone. On a slightly more positive note, HM Treasury has agreed to underwrite any funding that may be at risk due to Brexit.
There are limitations on who can apply (aren’t there always?). Your business will need to conform to the following requirements:
Employing fewer than 250 employees
With turnover below €50 million p/a (approximately £43 million)
With a balance sheet total below €43 million (approximately £37 million)
Firms which have received less than €200k (£185,00) of State Aid in the last 3 years
To simplify what you’ll get out of this:
If you are intending some capital investment in your IT infrastructure in order to promote growth, you can apply for vouchers to cover 40% of the cost up to £5,000. The vouchers start at £1,000 which means you need to be looking to spend a minimum of £2,500 before you can apply. One last point: You can only make ONE claim under the scheme. Make sure you do everything that you can claim for in one go.
Check the Digital Enterprise web page for more details: