The application must be submitted by a small to medium-sized company based within the Glasgow City Council boundary and registered with Companies House. Businesses must have a significant base within the Glasgow City Council Area. Where the company address listed on Companies House is not within the Glasgow City Boundary, alternative proof of eligibility must be provided. Please check with the Glasgow City Council website to identify if your company is eligible for the additional funding.
The applicant must be a Glasgow-city based company working in one of the key sectors identified.
In addition to the above, eligible businesses must also:
The assessment panel will review the application and then may invite applicants to interview to confirm details within the application. Factors that will be considered will include:
All participants will be expected to fully engage with the pre-mission training and support offering, estimated at up to 2 days of effort.
All participants must engage fully with the reporting requirements for the programme as set out by the GCID Project Manager. In addition, participants will be required to collect and provide data on the outcomes and impact that the grant has made on the applicant and the client's business.
The final grant will be subject to the terms and conditions set out in the individual award letter.
No monies will be transferred directly to companies from GCID. Should companies be successful in applying for the Glasgow City Council grant, this will be awarded as a ‘block grant’ directly to the company with a view to only being used for the purposes of the GCID mission.
Applicants should be aware that any funding awarded by GCID (University of Strathclyde) is a Minimum Financial Assistance (“MFA”) subsidy which is funded through the Shared Prosperity Fund. The Subsidy Control Act 2022 (the “Act”) allows the grant of awards of up to £315,000 to recipients without needing to comply with the majority of the subsidy control requirements in the Act, provided that receipt of the grant does not cause the recipient's £315,000 MFA threshold to be exceeded over:
The MFA threshold is calculated at group level. It is the applicant’s responsibility to check whether funds received are MFA or comparable types of subsidy that contribute towards their MFA threshold (see section 42(8) of the Act). If in doubt, please check with the funding sources.
Applicants are required to keep a written record of the amount of any MFA it receives. The written record must be kept for at least three years beginning with the date on which the MFA is given. This will enable you to respond to future requests from public authorities on how much MFA you have received and whether you have reached the cumulative threshold.