Business property aid - Strand for major investment projects — CC de la Baie du Cotentin
In CC de la Baie du Cotentin, “Business property aid - Strand for major investment projects” aims to support set-up and property investment projects. The catalogue lists as operations: new construction and extensions (all costs directly linked to constructing the building, except land purchase and exterior works); rehabilitation of industrial brownfield sites (60% of the acquisition cost, etc.). The amount recorded is: a repayable advance of 25% of eligible expenditure, up to €500,000, plus a grant of €5,000 per job created (at least 5 hires), up to €100,000. The conditions and opening of the scheme should be confirmed with the funder before committing.
Are you preparing a business property project in CC de la Baie du Cotentin? The “Business property aid - Strand for major investment projects” scheme is listed to support set-up and property investment projects. The catalogue notably mentions: new construction and extensions (all costs directly linked to constructing the building, except land purchase and exterior works); rehabilitation of industrial brownfield sites (60% of the acquisition cost, etc.). Before signing a quote or starting works, have the applicable rules, the business’s eligibility and the date by which the application must be submitted confirmed in writing.
Funded by Département 50 - Manche
Run a personalised scan to identify the public grants and funding your company may be able to access.
Who can apply
Beneficiaries indicated in the catalogue: micro-businesses and SMEs registered in the trade and companies register or the trades register. Mid-sized companies are eligible if they have a property investment project within the perimeter of the Communauté de Communes de la Baie du Cotentin that is of specific interest for overall planning or for a flagship sector of the territory. SCIs are excluded, except those majority-owned by the company operating the property. Eligible sectors: industry; services to industry and wholesale; production crafts. To be confirmed with the funder: size of the business, sector, legal form, exact location, tax and social security situation, and any sectoral exclusions.
Eligibility conditions
Conditions listed: Minimum investment of €100,000 excluding VAT for micro-businesses and SMEs and €1.5 million excluding VAT for mid-sized companies. For the repayable advance, the business must undertake to complete its property investment within 3 years of the programme start date; maintain existing and any new salaried jobs for 3 years for SMEs and 5 years for large companies; demonstrate the project’s financial feasibility with a chartered accountant’s certificate based on financial forecasts including a 5-year cash-flow plan; and be up to date with its tax, social security and environmental obligations. For the grant: a two-year hiring plan must be presented, with an URSSAF or chartered accountant’s certificate of the headcount at the time of application; the plan must provide for at least 5 jobs; hires must be on permanent contracts of at least 80% of full time; jobs created must be maintained for at least 3 years for micro-businesses/SMEs and 5 years for mid-sized companies. Before applying, ask CC de la Baie du Cotentin for the current version of the rules and have the criteria on size, activity, location, minimum amount, maintenance of activity/jobs and combination confirmed. Do not commit to the project before checking whether a prior application is required.
What the scheme covers
Operations and expenditure mentioned in the catalogue: new construction and extensions: all costs directly linked to constructing the building, except land purchase and exterior works (roads, car parks, fencing, green spaces, etc.); rehabilitation of industrial brownfield sites: 60% of the acquisition cost of the property and all costs directly linked to rehabilitating the building, except exterior works (roads, car parks, fencing, green spaces, etc.); preliminary studies for rehabilitating an existing empty building. Not eligible: leasing operations. Have the exact list of eligible expenditure confirmed, notably land or building acquisition, works, project management costs, studies, taxes, in-house expenditure and works already started. How each item is treated depends on the local rules.
Amount and funding terms
Amount indicated in the catalogue: the aid has two strands. The first, and main, strand is a repayable advance; the second is a grant, conditional on first obtaining the repayable advance. Repayable advance: 25% of eligible expenditure, up to €500,000, repayable over a maximum of 10 years with a 12-month deferral. Grant: €5,000 per job created, for a plan of at least 5 hires over 24 months from the programme start date, up to €100,000, paid within 24 months of the programme start date. For projects carried by mid-sized companies and those with investment above €600,000, the Normandy Region will be asked to co-finance, up to 45% of the aid. Check point: this amount should not be treated as confirmed until the official scale applicable in CC de la Baie du Cotentin has been checked. Check the expenditure base (excluding/including VAT), caps, minimum thresholds, combination with other aid and any bonuses.
How to apply
No sufficiently specific official link has been confirmed. Contact the economic development department of the funder associated with CC de la Baie du Cotentin to obtain the current rules, the form and the application procedure. Ask for written confirmation of the beneficiaries, expenditure, rates/caps, deadline and the rule on starting the project. Do not rely on the catalogue amounts as if they had been validated.
Timeline
The catalogue does not confirm a closing date or current opening for CC de la Baie du Cotentin. The date the data was updated is not an end date for the aid. Check with the funder whether the scheme is active, whether funding remains and whether the application must be submitted before signing quotes or starting works.
Key facts
- Funder
- Département 50 - Manche
- Type of funding
- Grant
- Status
- Ongoing
- Maximum amount
- €500,000
- Automatically extracted — check the official source
- Funding rate
- 25%
- Automatically extracted — check the official source
- Geographic scope
- Not specified
Frequently asked questions
Which projects may be concerned in CC de la Baie du Cotentin?
The scheme is associated with the aim to support set-up and property investment projects. The list of eligible operations should be confirmed in the current rules.
What amount can be obtained?
The catalogue indicates: a repayable advance of 25% of eligible expenditure, up to €500,000, plus a grant of €5,000 per job created (at least 5 hires), up to €100,000. This figure should be compared with the official source before building the financing plan.
Can I start works before submitting the application?
Do not assume so. Ask the funder whether the application must be submitted and acknowledged before any start, and get a written answer.
Is the aid currently open?
Whether it is currently open is not confirmed. Contact the funder in CC de la Baie du Cotentin to check the status of the scheme and the funds available.
Official source
No official URL is available in our data for this grant.
Other grants of type “grant”
Other grants from Département 50 - Manche
Related needs and funding
Competitive calls for projects
Ecological transition and CSR
Capital and investment funds
Support and acceleration
Diagnostics and audits
Takeover and transfer
Discover the funding that fits your company
Check your eligibility for public grants
This scheme is only one of the grants your company may be able to access. Run a personalised scan to identify the funding opportunities that match your activity, location and project.
See the opportunities identified by the scan, then access your personalised report.