Môn CF wishes to state that its recent discretionary grant scheme was substantially oversubscribed. With a grant of £100,000 (round 2) secured from UK Government we had aimed to help 50 businesses initially.
Through another grant application we were able to secure an additional £400,000 from the Welsh Government (round 1 grant).
These 2 substantial awards have been a first for Môn CF and has enabled us to help businesses on Ynys Môn for the first time with financial aid. For many of these businesses this will be the first time they will have received any kind of publicly funded grant. Through these two rounds we have been able to support more than 480 of Anglesey’s small businesses.
In an ideal world we would have loved to provide all our applicants with funding, but this is not possible. In round 2 alone over £900k of applications for funding were received and we have had to take some difficult decisions which means some businesses will not receive a grant from us. Round 2 successful applicants will be receiving less funding than applied for in order to support more businesses.
We are nevertheless pursuing other sources of funding which we hope will enable us to extend the grants scheme in the near future. Whilst we acknowledge that those businesses who have applied but have not received a grant will be disappointed, we are however saddened by some unsavoury and unacceptable comments being made to our staff.
We must reiterate that this is a discretionary grant – this means that Môn CF has the say in who receives a grant or not. There is no legal entitlement on any business’ part to receive a grant from us and there is no recourse once our decision has been made.
If you have applied for a grant and not be successful, we respectfully request that if you make contact with Môn CF that you do so in a courteous manner.
Clarification.
If you’re thinking of setting up in business, Môn CF are here to offer hands-on support. This support ranges from a brief chat about what going self-employed is all about up to assistance with creating a business plan, making a cashflow forecast, and identifying potential sources of funding. At Môn CF we work closely with experts at Menter Môn, Business Wales and Anglesey County Council, and we are happy to act as your link with these organisations.
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Not only can we help you get started, we’ll be on hand to offer support at every step of your journey. This includes help with completing self-assessment tax returns, identifying suitable premises for expansion, and negotiating rent with landlords – either by your side or on your behalf. More than this, we can be the sounding board for all your ideas, challenges, set-backs and successes. We understand that setting up a new business is both exciting and scary, so we’re here to make sure you don’t have to go it alone.
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For more information please contact us on 01407 762004 or fill out our enquiry form
CRF Grant Funding
The Barriers To Start Up grant is a discretionary funding of up to £2000 available to help individuals looking to start a business or existing businesses looking for support. The applicants must be:
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Aged 16 years of age or older
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Based on the Isle of Anglesey
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Looking for support.
Before you submit the business support grant application, please read the guidance notes to identify what is required to apply and confirm that you provided all the requested information on the checklist.
If you have any queries, please contact Anna@moncf.co.uk or call our reception on 01407 762004.
Start-ups
if you are a start-up, please attach the following documents to your application:
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Quotes matching the items in your application
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Business plan
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Cashflow forecast.
Please fill out the self-employment enquiry on our website if you require support with creating a business plan and cashflow forecast.
Established Businesses
If you are an established business, please attach the following documents to your application:
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Quotes matching the items in your application
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Proof of registration with HMRC (UTR).