Good Growth Application and Project Support

What do we mean by Good Growth?

This webinar covers the 3 Good Growth Principles of ‘Clean and Green’, ‘Business and Economy’, and ‘Diversity and Inclusion’ – and how these should be embedded into applications. It is important for both potential applicants and project deliverers to keep these principles in mind.

UK Subsidy Control

We have a responsibility to ensure that taxpayers money is spent well and that any grants given by the Good Growth Fund do not distort competition or conflict with the UK’s international commitments. In order to be compliant with UK Subsidy Control rules, we need to ensure that all grants given under the Good Growth Fund:

• Contribute to level up CIoS and make it a more prosperous place
• Are proportionate to achieving this aim and limited to what is necessary to achieve this
• Bring about a change in economic behaviour that would not have happened without the grant
• Don’t fund anything that the grant recipient would have funded in the absence of the grant (i.e. grants cannot be used to fund business as usual, but must lead to additional impact)
• Is the right tool for bringing about the outcome (e.g. not using grant funding when a loan could have been sought from a bank – it must be demonstrated that the Good Growth Programme is the funder of last resort for the activity/project in question)
• Minimise any negative impact on competition
• That the benefit of the grant outweighs any negative impact on competition.

The more information you can provide in your application, the quicker we will be able to get a grant to you if you are successful in your application. If your project is compliant with any of the 3 streamlined routes published by government then this will greatly ease the subsidy control assessment of your project and make the process more straightforward.

For further information, visit the UK Government’s Subsidy Control Act website.