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Types of Project

Please note that the Northwest Regional Development Agency is not accepting any new grant applications, or processing existing ones, at the present time.

Government has required us to substantially reduce our expenditure and as a result we have embarked on a comprehensive project review, including how we provide financial support for the region's businesses.

We appreciate this may cause some uncertainty, particularly if you have an application underway; if you have any queries please do not hesitate to contact your usual Agency contact. More information is available on the NWDA website.

Grant for Business Investment supports investment projects that wouldn't otherwise happen. They include high quality new investment in services or manufacturing. Projects must have the potential to improve the region's economic performance.

The grants can be used to:

  • launch a new business
  • modernise, expand or reorganise your existing business
  • upgrade your business by introducing innovative new technology or processes
  • take a new product, service or process from the development stage to production

There are also a number of more specific criteria which will determine which projects are successful in their applications.

Projects must:

  • have the potential to increase the region's economic output
  • show a proven need for financial support - without a grant it would not happen, or only happen on a more limited scale
  • involve capital investment on fixed assets such as property or machinery
  • create new jobs or safeguards jobs which would otherwise be at risk
  • show that the majority of jobs created or safeguarded are at NVQ level two or equivalent
  • demonstrate that the business/project will become self-sustaining within a reasonable timeframe
  • have most of the finance for the project coming from private sources, such as banks or company funds