Who can apply?
Applications can be made by the following:
- Existing Small or Micro Enterprises including Social Enterprises (typically co-operative or mutual, community interest company, company limited by guarantee, credit union) already operating from a commercial premises within the Argyle Street area, as defined on the map.
- Landlords of existing or empty commercial properties.
- Only small, and micro-businesses as defined under the Companies Act 2006 as amended 27 March 2024.
To qualify as a small business, you must satisfy two or more of the following requirements in a year:
- a turnover of £10.2 million or less
- £5.1 million or less on its balance sheet
- 50 employees or less
To qualify as a micro-business you must satisfy two or more of the following requirements in a year:
- turnover of no more than £632,000
- balance sheet total not more than £632,000.00
- number of employees; a headcount of staff of not more than 10