Service Agreement for UK Shared Prosperity Fund Growth Hub support
The services are fully funded by the UK Shared Prosperity Fund (UKSPF) and delivered at no cost to businesses in Gloucestershire which meet the programme eligibility. If your business circumstances change so that it no longer meets the eligibility criteria support maybe withdrawn. The methods for delivering assistance can be face-to-face, telephone, web-based dialogue, seminars, meetings and workshops dependent on the needs of the business.
The service can include -
- Information, diagnostic and brokerage support for businesses demonstrating the potential for growth.
Completion and Impact Evidence
I agree following completion of the service that I will confirm the hours of support I have received and provide The Growth Hub with any material as required from time to time as evidence of the achievements resulting from the help provided.
This evidence may include declarations of jobs created or safeguarded, copies of sales and/or purchase orders, improvements in terms of financial or narrative cases illustrating improved productivity, environmental performance, reduced costs, increased profitability or other impacts. I understand it may be some while before I am asked to provide this information and that I will be asked to provide financial information which will allow the calculation of my company’s Gross Value Added in periods after any assistance.
Details that you provide will only be used in connection with business support services offered by The Growth Hub Network, its partners (comprising of Gloucestershire County Libraries, Royal Agricultural University, Tewkesbury Borough Council, South Gloucestershire and Stroud College, Vantage Point Business Village, Cheltenham Borough Council and Hub 8) and its funders (which include GFirst LEP, The University of Gloucestershire, Local Authorities, the Department for Business and Trade and the Department for Levelling Up, Housing and Communities (DLUHC)).
This information is entered on to a computer-based recording system for statistical and research purposes and enables us to inform you of related services. Any personal information you give us will be processed in accordance with all applicable data protection and privacy legislation in force from time to time in the UK including without limitation to the UK GDPR; the Data Protection Act 2018. We will not provide any of your personal information to other companies or individuals unless required to do so by law. In accordance with DLUHC regulations your data will be held for 15 years after the end of The Growth Hub.
Eligibility to receive UKSPF aid
In order to minimise distortion of competition, the UK Government sets limits on how much assistance can be given to organisations operating in a competitive market.
There is a ceiling of £315,000 for subsidised aid provided to any one organisation over a three-year fiscal period (i.e., the current fiscal year and the previous two fiscal years).
Any UKSPF aid provided to you under this service will be relevant if you wish to apply, or have applied, for any other UKSPF aid. The value of the aid under this service is estimated to be £100.00 per hour.
You will need to declare this amount to any other aid awarding body who requests information from you. For the purposes of the UKSPF regulation, you will be provided with a statement letter post support, detailing your UKSPF aid and you must retain this document for a minimum of 3 years and produce it upon request by any UK public authorities.
To confirm that you are able to participate in this service, you must declare that the amount of subsidised aid from any public source, received by your company, does not amount to more than £315,000 over the last three years when included with the value of this service. Aid includes not only grants but also assistance such as free or subsidised consultancy services, marketing advice etc. If you are in any doubt about whether previous assistance received classes as subsidised aid, please include it. Examples of such funding or support may include: Growth Accelerator, Manufacturing Advisory Service, DIT (UKTI) Export support, ERDF funded business support services such as Growth Hub support prior to April 2023.
I confirm that I understand the requirements of UKSPF aid and I acknowledge that if my company fails to meet the eligibility requirements, it may become liable to repay the full value of the assistance provided.
I declare that the amount of subsidised aid received by the organisation over the past 36 months is less than £315,000.