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an application form - Bournemouths Dragon Den Business Start-up

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an application form - Bournemouths Dragon Den Business Start-up ...

Bournemouth Dragons Start-up Grant

Page 1 of 12

    Bournemouth Dragons Start-up Grant

What is the Business Start-up scheme?

    Bournemouth Borough Council has established a new business start-

    up grant scheme as part of its Recession Fund. Working closely with

    Bournemouth Chamber of Trade & Commerce, Bournemouth Daily

    Echo and Business Link a panel of judges will assess applications for

    funding for new business start-ups.

How much is available?

    The scheme has been allocated ?15,000 for 2010/11. Grants of ?500

    are available to new businesses starting up in Bournemouth and

    creating jobs for Bournemouth residents. Once all the funding has

    been allocated we will not be in a position to review further

    applications and therefore early application is encouraged.

Who qualifies?

    This funding is for new businesses in Bournemouth which have not

    yet started operating. Any new business planning to start-up in

    Bournemouth can apply for funding, although this does not

    guarantee you will be awarded a grant. In the true spirit of Dragons

    Den the judges will be looking for applications which are dynamic and robust. The proposed business must be new- applicants looking

    to open a franchise or a new branch in Bournemouth (where others

    exist elsewhere) will not be eligible.

Any other rules?

    Any planning, building control, licence or other necessary consents

    must have been obtained prior to your application for funding.

The business must be located in Bournemouth and applicants must

    be resident in Bournemouth.

You must have developed a Business Plan which is commercially

    viable (help is available from Business Link- see contact details at

    the end of this section).

You must operate a business bank account. Page 2 of 12

You must be willing to take part in reasonable media coverage.

The nature or type of business must not bring Bournemouth Borough

    Council, Bournemouth Chamber of Trade & Commerce,

    Bournemouth Daily Echo or Business Link into disrepute or

    knowingly operate an unlawful business.

What can the funding be used for?

    The funding can be used for both capital and revenue sources with

    the exception of wages for employees. Therefore examples of

    eligible funding would be purchase of tools or equipment for the

    business, rental deposit on commercial premises, fixtures and

    fittings etc.

The application process

    Read through this application form in detail. It contains all the

    information you need in order to apply for a grant.

Once you are ready to apply for funding complete the application

    form in full. If you require the form in a different format or

    language please contact us.

Return the following documents to the address at the back of this

    document:

    ? Completed application form- essential

    ? Business Plan to support the application including financial

    forecasts- essential

    ? Proof of identity - Essential

    ? Copy of proof of address i.e. utility bill or bank statement-

    essential

    ? Copy of any lease agreement- desirable

    ? Copy of your marketing plan- desirable

    ? Any additional supporting documents you wish to provide-

    desirable

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What happens next?

    1. We will acknowledge receipt of your application by email or

    letter.

2. Your application will then be reviewed and if there is any

    outstanding information that we require we will contact you to

    request this. Your application will not be processed further until we

    are in receipt of all the relevant information.

3. Once we have received all the relevant information for your

    application we will review it to check that it meets with the

    application criteria.

    ? If it doesn’t meet the application criteria we will write to you

    and let you know that we are unable to progress your

    application further and we will give you a reason why we have

    come to this decision.

    ? If it does meet the application criteria it will be short listed

    for review by the Bournemouth Dragons panel.

4. If your application has been short listed it will be allocated a

    space at the next available Bournemouth Dragons panel meeting.

    We will inform you of this date - if you are unable to make this date

    we will offer you an alternative but you must bear in mind that the

    funds for this grant scheme and limited and we cannot guarantee

    that funding will be available for your application. Short listed

    applications are reviewed on a first-come first-served basis as part

    of a pre-arranged programme for approval. There are scheduled

    ‘Dragons Den’ panel meetings throughout the year.

5. The panel will consist of representation from Bournemouth

    Borough Council, Bournemouth Echo and Business Link. The panel

    will have already seen your application and will invite you to

    verbally present your business case to them (if you have any special

    requirements please let us know and we will do our best to

    accommodate these). They will then ask you a number of questions

    which relate directly to your proposal.

6. The panel will make a decision about whether to offer you the

    Page 4 of 12 ?500 grant or not. They may make that decision immediately and

let you know then-and-there or they may inform you of their

    decision at a later date.

7. If your application is successful you will receive two copies of a

    formal grant offer letter which you will need to read carefully. If

    you accept the conditions outlined in the offer letter you will need

    to sign and return a copy and the other copy is for your records.

8. If your application is un-successful you will be informed of this in

    writing.

The judges decision is final and no further correspondence will

    be entered into.

Successful applicants must agree to appear in publicity about the

    scheme.

As previously stated the funding for the grant scheme is limited.

    Once the funding is fully allocated we will be unable to accept

    further applications and we therefore encourage you to apply as

    early as possible.

Application deadlines

    thThe scheme will open to applications on the Wednesday 10

    February 2010. stThe application deadline for Round 1 is Wednesday 31 March 2010. thThe application deadline for Round 2 is Wednesday 30 June 2010. thThe application deadline for Round 3 is Thursday 30 September

    2010. stThe application deadline for Round 4 is Friday 31 December 2010.

    thThe application deadline for Round 5 is Monday 28 February 2011*.

*please note that the funding may have been fully allocated by this

    late stage.

Please make sure you retain copies of your application for your

    own records.

    Page 5 of 12

    Useful Contact Details

Business link

    0845 600 9966

    enquiry@businesslinksw.co.uk www.businesslinksw.co.uk Business Links in the South West www.businesslink.gov.uk Business Link- general business information and advice

Bournemouth Chamber of Trade & Commerce

    http://bournemouthchamber.org.uk info@bournemouthchamber.org.uk 01202 372437

Bournemouth Daily Echo

    http://www.bournemouthecho.co.uk

Bournemouth Borough Council

    http://www.bournemouth.gov.uk/business

    eru@bournemouth.gov.uk

    01202 454630

www.berr.gov.uk Department for Business, Enterprise and

    Regulatory Reform

    www.hmrc.gov.uk H M Revenue & Customs

    www.companieshouse.gov.uk Companies House www.direct.gov.uk Public Services all in one place

    www.hse.gov.uk Health & Safety Executive

    www.safestartup.org Health, Safety and Environmental regulations

    for start up companies and small businesses

    www.moneyfactsonline.co.uk/mfBAF Compare what all banks can

    offer by way of business accounts

    www.oft.gov.uk Office of Fair Trade

    www.acas.gov.uk Advice, Concilliation and Arbitration Service

    www.eoc.org.uk Equal Opportunities Commission

    www.ipo.gov.uk UK Intellectual Property Office (formerly the

    Patent Office) Page 6 of 12

    www.lawsociety.org.uk Free advice line for legal advice www.bdl.org.uk The business debt line

    www.fsa.gov.uk Financial Services Authority

    www.lsc.gov.uk Search for business related training courses

    www.suppliermatchingservice.co.uk Business Link Supplier Matching

    Service

    www.food.gov.uk Food Standards Agency

    www.defra.gov.uk Department for Environment, Food and Rural Affairs

    www.regsw.org.uk specialist information for rural and land based businesses

    www.creativesouthwest.info specialist information for the Creative

    Industries

    www.artsmatrix.org.uk Professional Development for the Creative Industries

    www.statistics.gov.uk National Statistics www.gosw.gov.uk Government Office for the South West www.dataprotection.gov.uk Information on the Data Protection Act 1998

    www.princes-trust.org.uk The Princes Trust www.bsi.org.uk British Standards Institution UK

    www.envolve.co.uk Envolve- partnerships for sustainability www.southwestrda.org.uk South West of England Regional Development Agency

    www.swchamber.co.uk South West Chamber of Commerce www.fsb.org.uk Federation of Small Businesses

    Useful Telephone Numbers

    ? Tax Office 0845 9154515

    ? Companies House 0870 3333636

    ? HM Revenue & Customs 0845 0109000

    ? Patent Office 0845 9500505

    ? British Name Registration 0121 6789000

    ? Co-operative Development Agency 0117 9892536

    ? British Franchise Association 01491 578050

    Page 7 of 12

Please complete this form using block capitals. Please read the

    terms and conditions for receipt of this grant before you complete

    this form.

1. DETAILS OF APPLICANT

    Name of Applicant ......................................................................... Address ......................................................................................

     ................................................................................................

     ................................................................................................ Telephone number ........................................................................ Fax number ................................................................................. Email .........................................................................................

     2. BUSINESS DETAILS

    Name of Business .......................................................................... Address ......................................................................................

     ................................................................................................

     ................................................................................................

     3. NATURE AND DESCRIPTION OF BUSINESS PROPOSAL (300 words

    maximum)

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4. NEW JOBS CREATED BY THE PROPOSAL WITH EXPECTED DATE OF

    EMPLOYMENT

    Number of Full-Time posts ...... ........................................................ Anticipated date(s) of employment ....................................................

    Number of Part-Time posts ..... ........................................................

     Anticipated date(s) of employment .................................................... 5. BUSINESS STATUS (PLEASE DELETE AS NECESSARY)

    Sole Trader

    Partnership

    Limited Company

    Co-operative Other (please state)

    6. WHAT DO YOU REQUIRE FUNDING FOR? PROVIDE A BREAKDOWN OF

    HOW THE ?500 WILL BE SPENT

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    7. OTHER DETAILS- please provide details where appropriate Have you opened a business bank account? ...........................................

     ................................................................................................ Have you secured or identified premises for the business to operate from? ...

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     ................................................................................................ Have you applied for funding from any other sources (including a bank)? ......

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     ................................................................................................ Are you taking over an existing business or one which has closed

    down/ceased trading in the past 6 months? ..........................................

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     ................................................................................................ Are you registered bankrupt with bankrupt proceedings pending against you?

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     ................................................................................................ What will happen if we do not provide you with a grant? ..........................

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