Helping businesses in the South West

Micro Business Incentive Scheme

Cornwall Council has made a total of £100,000 available to micro businesses that operate within the manufacturing sector in Cornwall. Individual investments of £5,000 will be awarded to 20 micro businesses to create a new job or increase hours of an existing employee, which will directly enable each company to grow. The investment will effectively provide a “holiday” from business rates for 1 year up to the value of £5,000 per business.

Is your business eligible?

  • Businesses must be based in Cornwall
  • Business must be a micro manufacturing business – defined €2 million (approx. £1.65 million)
  • Micro business must create and employ a new job for a minimum of 6 months for 25 hours per week or increase hours of existing part time employee to the equivalent of full time
  • The job must be linked to business growth and the business must be able to demonstrate expansion in measurable economic terms

 

Find out more about the fund and how to apply at Cornwall Development Company