--- title: "New Business Sustainability Funding Scheme" ocid: "ocds-b5fd17-3b79ed00-9d57-4872-b16a-1813f3e1c87e" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-3b79ed00-9d57-4872-b16a-1813f3e1c87e" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-3b79ed00-9d57-4872-b16a-1813f3e1c87e.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-3b79ed00-9d57-4872-b16a-1813f3e1c87e.json" source: "Contracts Finder" current_stage: "Planning" buyer: "CORNWALL DEVELOPMENT COMPANY LTD" published: "2021-03-26" --- # New Business Sustainability Funding Scheme Buyer: CORNWALL DEVELOPMENT COMPANY LTD Current stage: Planning OCID: ocds-b5fd17-3b79ed00-9d57-4872-b16a-1813f3e1c87e [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-3b79ed00-9d57-4872-b16a-1813f3e1c87e) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-3b79ed00-9d57-4872-b16a-1813f3e1c87e.json) ## Summary The New Business Sustainability Funding Scheme is currently in the planning stage, initiated by Cornwall Development Company Ltd, based in Redruth, England. This tender aims to facilitate the support of new business sustainability and employment in two specific areas: West Cornwall and Coast to Coast. The engagement end date is set for 5th April 2021, which marks an essential deadline for interested parties to contribute. Up to £110,000 can be allocated for projects in West Cornwall, while Coast to Coast can receive up to £100,000, underpinned by European Regional Development Fund (ERDF) financing. This procurement offers substantial opportunities for businesses focused on consultancy, advisory, and mentoring services, particularly those providing support to new business owners. Companies that are Small and Medium Enterprises (SMEs) or Voluntary, Community, and Social Enterprises (VCSEs) would be ideally positioned to compete for the funding. The focus on fostering job creation and sustaining newly established enterprises presents a chance for relevant businesses to contribute to the economic recovery in the wake of the coronavirus pandemic, ensuring financial viability and strategic growth in the local community. ## Notice Community Led Local Development (CLLD) is funded by the European Regional Development Fund (ERDF) and the European Social Fund (ESF). This opportunity will provide ERDF funding only. CLLD is looking for projects to support new business sustainability and employment in West Cornwall and Coast to Coast. In this context supporting business sustainability is defined as the provision of advice, consultancy, mentoring and/or coaching that enables businesses to plan, develop and secure short- and medium-term financial viability or a new business model from which to grow. We recognise the impact that the coronavirus pandemic has had on our community with many facing an uncertain or different future. We are also aware that some people have moved from employment into self-employment and created their own new businesses during the pandemic. We are looking to grant fund business support organisations who can provide assistance to new business owners in our target areas, to support them to adjust to the new economic realities and ensure the viability of their recently registered enterprise. Lot 1 (West Cornwall) - Max grant allocation = PS110,000 Lot 2 (Coast to Coast) - Max grant allocation = PS100,000 Intervention rate: up to 72% Match: to be found from non-EU sources Projects will need to deliver the following 2 outputs: 1. New businesses supported (C5) 2 days (12 hrs) active consultancy support for a new business - registered less than 12 months before the assistance is provided. All businesses supported must be based in the core (minimum 70%) or functional (maximum 30%) areas of West Cornwall, and Coast to Coast. Details of these locations can be found on the Local Action Group page of our website for West Cornwall and Coast to Coast. 2. Job creation (C8) Jobs created following an intervention with an enterprise that result in an increase in the overall number of staff employed within that enterprise (new, permanent - at least 12 months - paid, full-time equivalent job created as a result of activity supported by project). Lot 1. CLLD West Cornwall is looking at projects delivering the following outputs: New business supported - C5 x 17 Job creation - C8 x 5 FTE Lot 2. CLLD Coast to Coast is looking at projects delivering the following outputs: New business supported - C5 x 12 Job creation - C8 x 5 FTE ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/c33a627e-28d0-48f4-b84c-6b1e0b16dbf9 | | Notice type | Market Engagement Notice | | Procurement type | Standard | | Procurement category | Not specified | | Procurement method | Not Specified | | Procurement method details | Not specified | | Tender suitability | SME, VCSE | | Awardee scale | Not specified | | All stages | Planning | ## Dates | Field | Value | | --- | --- | | Publication date | 26 Mar 2021 | | Submission deadline | Not specified | | Future notice date | 5 Apr 2021 | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Planning | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | CORNWALL DEVELOPMENT COMPANY LTD | | Locality | REDRUTH | | Post town | Truro | | Postcode | TR15 3QG | | Country | England | | ITL 1 | TLK South West (England) | | ITL 2 | TLK3 Cornwall and Isles of Scilly | | ITL 3 | TLK30 Cornwall and Isles of Scilly | | Local authority | Cornwall | | Electoral ward | Pool & Tehidy | | Westminster constituency | Camborne and Redruth | | Delivery location | Not specified | ## CPV Codes ### Divisions - 80 - Education and training services ### Codes - 80300000 - Higher education services - 80400000 - Adult and other education services - 80500000 - Training services ## Release History - 26 Mar 2021 at 14:51 - Planning - Market Engagement Notice - https://www.contractsfinder.service.gov.uk/Notice/c33a627e-28d0-48f4-b84c-6b1e0b16dbf9 - 10 Mar 2021 at 09:58 - Planning - Market Engagement Notice - https://www.contractsfinder.service.gov.uk/Notice/c33a627e-28d0-48f4-b84c-6b1e0b16dbf9 - 22 Feb 2021 at 15:30 - Planning - Market Engagement Notice - https://www.contractsfinder.service.gov.uk/Notice/c33a627e-28d0-48f4-b84c-6b1e0b16dbf9 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/c33a627e-28d0-48f4-b84c-6b1e0b16dbf9 26th March 2021 - Early engagement notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/f806594c-66d6-4da5-9973-b2c5d13a9f27 Call Specification - https://communityledcornwall.co.uk/calls/c2c-business-sustainability-employment/ Coast to Coast LAG information - https://communityledcornwall.co.uk/calls/west-business-sustainability-employment/ West Cornwall information - https://www.contractsfinder.service.gov.uk/Notice/Attachment/56797ad4-4862-409e-b67d-f4632e892921 Clarifications following the Q&A session - https://www.contractsfinder.service.gov.uk/Notice/Attachment/0f1d6214-2ec2-46b0-9cfe-d5f0740254cb Questions and Clarifications updated 26.03.21 ## Notice URLs - https://communityledcornwall.co.uk/ ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-3b79ed00-9d57-4872-b16a-1813f3e1c87e. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-3b79ed00-9d57-4872-b16a-1813f3e1c87e.json.