How To Claim
If you have been successful in being awarded a Grant for Business Investment, the formal Offer Letter will set out the terms and conditions for drawing down your grant.
The grant is normally paid in instalments upon achievement of capital expenditure and job targets which are set out in the formal Offer Letter.
Schedule 2 of your Offer Letter sets out the detail of your project aims. Schedule 2 of your Offer Letter sets out the details.
Once you have achieved these targets you will need to provide a completed signed claim form (available below) along with a confirmatory report (known as an Accountants Report) which has been completed by an accountant who is independent from the business.
Guidance for your Independent Accountant on how to complete the Accountants Report is available below.
As well as the Claim form and Accountants Report, additional information is normally required at each claim stage:
- Audited accounts for the project period and Managements Accounts to date if the audited accounts are more than 3 months old (Balance Sheet, Profit and Loss and Cash flow)
- Documentary evidence relating to any pre-conditions of payment specified in the Offer Letter (if applicable)
- Copies of signed hire purchase/finance lease agreements relating to project expenditure (if applicable)
Once your project is complete and you have received your final payment, you will enter a conditions period which lasts 3-5 years after the date of final payment (as per your offer letter). Within that period we will contact you regarding the business and commercial progress of your project.
Further information is available in the Claim Form and in Schedule 3 of your Offer Letter.
>>Return to the GBI main page
>>Information for Independent Accountants
GBI Claim Form [doc]
(322 KB)
SFI claim form [doc]
(177 KB)
