Grants for Investment

Grant support is sometimes available for capital investment projects (like the investment in new plant & machinery) where it can be shown that this is necessary, unavoidable, that it will enhance productivity and that it will create new or secure full-time skilled jobs in the region concerned. The scrutiny of applications for grants of this type will often consider the economic benefit for the region as a whole (applications which simply displace jobs in other EC regions are discouraged), they will look carefully at the source/availability of the company’s funding needed to meet the portion of the project cost that are not covered by the grant, they will look carefully at the number and type of jobs that will be created by the project and they will look at the commercial justification (sales and profits that will be generated) of the project.