Ambition to Start – start-up grant
Our Ambition to Start grant is for start-up businesses or businesses who have been trading for less than 12 months, and who have the ambition to hire additional staff within the next 24 months.
Ambition to Start can help you get your business up and running, with grants from £1,000 up to £5,000 available. The grant value is dependent on several factors, including potential growth of your business and the number of employment opportunities you will be offering within South Ayrshire. Not all applicants will receive the maximum amount of £5,000, although all applications will be assessed. Grants will be subject to a review of expenditure.
If you can tick all four conditions below, Ambition to Start is the grant for you:
- You have an idea for a new business and the Ambition to Start.
- You have met with one of our Business Advisers.
- You have the ability and ambition to employ one permanent full-time person, or full-time equivalent, in addition to yourself in the next 24 months.
- Your business will be based in and trade from South Ayrshire.
To secure grant funding, you’ll need to produce a business plan and financial projections. We can help you do this through Ambition to Achieve. For more information, ask your Business Adviser.
What happens next?
The Small Print
- All grants are subject to South Ayrshire Council’s Standard Terms & Conditions
- Grants are discretionary and South Ayrshire Council reserves the right to refuse any grant at its sole discretion. The Council reserves the right to vary the amount of grant at its sole discretion.
- Where applications have any amounts owing to South Ayrshire Council, this will be taken into consideration in determining grant eligibility.
- The provision of false information may lead to prosecution.
- Grants can only be paid into business bank accounts.
- Written approval of the grant must be received before any expenditure is made.
- Award of grant will be conditional on the applicant(s) proving that they comply with all the current statutory employment and related legislation.
- Grants are provided on condition that the business meets the requirements laid out below –
- 1. Within two years the business employs one permanent full-time employee, or full-time equivalent, in addition to the business owner, at minimum wage or above.
- 2. Companies failing to meet the above conditions will be liable to repay any funds awarded through this programme to the business in full.