Support for Companies' Property Investment
This local aid supports certain business property investments: new construction, extensions and expenditure directly linked to the operation, subject to the exclusions provided for. The catalogue mentions minimum investment of €100,000 for micro-businesses and SMEs and €1.5 million for mid-sized companies (ETIs). Support may take the form of a repayable advance, with a possible grant linked in particular to the creation of permanent jobs. The exact arrangement should be confirmed in the rules.
Building, extending or fitting out a building can unlock a new stage of development, but quickly ties up capital. The Coutances Mer et Bocage scheme targets business property projects involving significant investment, with support that may combine a repayable advance and a grant depending on job-creation commitments. You therefore need to think about the cost of the project, the property timetable and the jobs actually planned.
Funded by Département 50 - Manche, Région Normandie
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Who can apply
Beneficiaries indicated in the catalogue: micro-businesses and SMEs registered in the RNE; ETIs within the EU meaning with a property investment project within the EPCI’s perimeter that is of specific interest for overall planning or for a flagship sector of the territory. Eligible sectors: industry; services to industry and wholesale; production crafts. SCIs are excluded, except those majority-owned by the company operating the property. Check the legal form, size, sector, territory and any exclusions.
Eligibility conditions
Currently listed conditions: the minimum investment is €100,000 for micro-businesses and SMEs and €1,500,000 for ETIs. The beneficiary business must: 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 certificate from a chartered accountant based on financial forecasts, including a 5-year cash-flow plan for the operation; and be up to date with its tax, social security and environmental obligations. In particular, check the application date, the incentive effect and the rules on combining aid before any commitment.
What the scheme covers
The listed operations cover new construction and extensions, as well as costs directly linked to the building work. The catalogue notably excludes the purchase of land and certain exterior works. The application should distinguish property works, any equipment concerned and expenditure not accepted, then present the completion timetable and the associated job creation.
Amount and funding terms
Information from the catalogue: the aid is first awarded as a repayable advance, then as a grant if at least 5 permanent jobs (at least 80% of full time) are created. For projects carried out by ETIs and those with investment above €600,000, the Region will be asked to co-finance, up to 45% of the aid. Repayable advance: up to 25% of eligible expenditure, up to €500,000, over 10 years with a 12-month deferral of repayment. 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. Do not treat this information as validated without checking the current version.
How to apply
1. Define the property programme, the total cost and the expenditure items. 2. Check the threshold applicable to the size of the business and its location within the Coutances Mer et Bocage perimeter. 3. Build a job scenario over the required period, distinguishing firm commitments from forecasts. 4. Ask the economic department to specify any repayable-advance share, the conditions for conversion or a grant, and the guarantees required. 5. Agree the application timetable before signing contracts or starting works.
Timeline
The catalogue mentions a three-year period to complete the investment from the reference date set by the scheme. The application date, payment milestones and job-related conditions should be checked in the current version of the local rules.
Key facts
- Funder
- Département 50 - Manche, Région Normandie
- Type of funding
- Grant
- Status
- Ongoing
- Maximum amount
- €100,000
- Automatically extracted — check the official source
- Funding rate
- 25%
- Automatically extracted — check the official source
- Geographic scope
- Not specified
Frequently asked questions
Who can benefit from this aid?
The catalogue mentions: micro-businesses and SMEs registered in the RNE; ETIs within the EU meaning with a property investment project within the EPCI’s perimeter that is of specific interest for overall planning or for a flagship sector of the territory. Eligible sectors: industry; services to industry and wholesale; production crafts. SCIs are excluded, except those majority-owned by the company operating the property. These details should be checked with the funder.
What is the amount of the aid?
The catalogue indicates: the aid is first awarded as a repayable advance, then as a grant if at least 5 permanent jobs (at least 80% of full time) are created. For projects carried out by ETIs and those with investment above €600,000, the Region will be asked to co-finance, up to 45% of the aid. Repayable advance: up to 25% of eligible expenditure, up to €500,000, over 10 years with a 12-month deferral of repayment. 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. Do not treat this information as validated without checking the current version. Check the current scale before building the financing plan.
What expenditure is covered?
The catalogue lists: new construction and extensions — all costs directly linked to constructing the building, except the purchase of land and exterior works (roads, car parks, fencing, green spaces, etc.). Exclusions and the date from which expenditure is eligible should be checked.
How do I apply?
Consult the funder’s official source and confirm the form, the application period and whether you must apply before making any commitment.
Official source
No official URL is available in our data for this grant.
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