The amount of grant available depends on our assessment of a number of factors, including:
The grant is discretionary and the level offered within EC limits depends on our assessment of how much is needed to make the project go ahead.
The amount of RSA potentially available towards a project can be calculated either by applying the appropriate aid limit to eligible capital expenditure or the first two years salary costs of the project jobs.
Aid for initial investment
For projects that require significant investment in capital expenditure, RSA can provide assistance under Aid for Initial investment. To calculate the amount of grant available we take into account:
- The size and location of your business.
- The amount of eligible capital expenditure relating to the project.
- The number of jobs created or safeguarded at the project premises, as a direct result of the project.
Aid for job creation
Projects that will create new jobs but involve relatively low levels of capital expenditure can still be eligible for assistance through Aid for Job Creation. To calculate the amount of grant available we take into account a proportion of the first two years' salary costs of the jobs created by the project.
So, a project involving a low number of highly paid jobs can attract as much funding as one involving a higher number of jobs earning a lower amount. This means we can offer more grant for highly paid jobs. The proportion available depends both on the size and location of the business. Aid for Job Creation does not apply to safeguarded jobs.