Market Traders Grant policy - Eligibility criteria
3.1 Applicant organisations must be:
- Registered in the UK for tax purposes
- Based in the South Hams
- Actively trading or engaged in business activities in the South Hams
Eligible organisations must also be:
- Limited Companies, including social enterprises and CICs
- Must be registered with a company number on Companies House
- Sole Traders / Partnerships
- Registered with HMRC and with a Unique Tax Reference Number
- Charitable Organisations
- Registered with the Charities Commission, with a Charity Number
3.2 Applicant organisations must not be:
- In administration
- Insolvent
- Subject to a striking off notice
- In breach of state-aid limits
3.3 Project beneficiaries must be based in the South Hams, and grants can only be awarded to activities taking place within the Local Authority area.
3.4 Given that funding is restricted to capital expenditure, grants will only be awarded against projects which meet this criteria.
3.5 Any business failing to meet the criteria or failing to provide the Council with sufficient information to determine whether they meet the criteria, will not be awarded a REPF Grant.
3.6 All businesses are required to submit a standard set of information for fraud and tracking purposes. These include:
- A unique tax identifier such as a company number, unique tax reference number or charity number.
- In the case of community organisations that are not registered for tax purposes, a National Insurance number will be required
- Number of employees at time of application (if applicable)
- Name of the organisation
- Type of organisation
- High level Standard Industrial Classification code
- A nominated bank account, in the name of the business or main applicant.
- A bank statement showing address, sort code, account number and account name is required