Your project must involve an element of capital investment. Eligible project costs, all of which must be capitalised, include expenditure on land and buildings, plant and machinery, software and, in some circumstances, the acquisition of intellectual property from third parties.

Project capital investment can be on either new or second-hand items and we can also assist self-built assets in most cases. We are unlikely to assist any assets not permanently based at the project premises.

The majority of project funding must come from the private sector. This can come from a variety of sources including:

• Equity
• Term loans
• Overdrafts
• Lease finance
• Hire purchase
• Internal resources of the business