The Government has announced that all Regional Development Agencies (RDAs), including SEEDA, will close by 31 March 2012.
Responsibility for economic development and regeneration in England is being passed onto successor bodies, including Local Enterprise Partnerships (LEPs) and central Government departments
Our objective is to ensure a professional and cost effective closure by this date. We have pledged to work closely with our partners, contractors and stakeholders to ensure that the past and future economic benefits of key programmes and assets continue to deliver the greatest economic value for the South East and value for money for the taxpayer.
Please click here for more details about our closure plan, transition arrangements and successor organisations.
Grant for Business Investment
The Grant for Business Investment (GBI) scheme, delivered by SEEDA, is now closed to new applications.
Applicants and potential applicants seeking grant support of £1m or more should note that they may be eligible to apply to the Regional Growth Fund - click here for more information. The deadline for applications in the first bidding round under the Fund was 21 January 2011, although there are likely to be subsequent rounds. Applicants and potential applicants should, however, be aware that the Regional Growth Fund has different objectives, criteria and qualifying expenditure than the GBI scheme.
This page will be updated with further information when it becomes available.
Claiming Your Grant for Business Investment
If you have been awarded a grant under the Regional Development Agency led scheme you will have received a formal offer letter (contract). All grants are paid in arrears, on achieving capital expenditure and job creation targets which are agreed with you before the grant is offered.
If you are ready to claim an instalment of your grant as detailed in your offer letter, please contact the Monitoring Team (details below) who will have written to you when you accepted the grant. Please note that we will only liaise directly with representatives from the company detailed on the offer letter.
The Monitoring Team will provide details of the information to be submitted with your claim form. As a guide this usually includes:
- A formal accountancy report
- Audited accounts for the project period and Managements Accounts to date if the audited accounts are more than three months old (balance sheet, profit & loss and cash flow)
- Invoices confirming large project expenditure
- List of employees (detailing full or part time) and National Insurance numbers / payroll summary
When you have this information please download the appropriate claim form:
We may visit you at your company site to discuss the performance of your project until either five years after the first instalment of grant is paid, or 18 months after the final instalment of grant is paid (whichever is longer).
The Business Grants Monitoring Team can be contacted as follows:
- Chris Austin, tel: 01483 470 124
- Clare Johnson, tel: 01483 484 232
- John Papworth, tel: 01634 899 138
