Business property aid
The business property aid is aimed at the profiles mentioned in the catalogue: eligible businesses/legal structures: micro-businesses and SMEs registered in the trade and companies register or the trades register; operating in industry, services to industry, retail or crafts; social and solidarity economy structures with employees (at least one employee at 80% FTE) whose activity is more than 30% financed by commercial activity; leasing and lease-purchase operations through a bank, a group, a holding company or a semi-public company, provided the grant is paid as an increased first rent to the structure carrying the operation and the contract includes an obligation for the business to buy back the property. The lease must continue for at least 3 years after the expected completion date of the investment. Only operating businesses and social and solidarity economy structures investing in property in order to carry out their activities there are eligible for the Cotentin Agglomeration’s business property aid. Ineligible businesses/legal structures: mid-sized and large companies (except structuring projects); property investment companies (SCIs), holdings; sole proprietorships that have opted for or fall under the French micro-business tax regime under Article 50-0 of the General Tax Code; businesses in difficulty within the meaning of EU law. Scope: the whole territory of the Cotentin Agglomeration, excluding shopping arcades and stores with a sales area above 300 m². The operations identified include: eligible operations: construction or enlargement of new industrial, craft, office or retail buildings; renovation of existing buildings for economic activity; purchase of existing buildings with or without works. These operations must aim to foster the development of businesses’ activity in the territory of the Communauté d’Agglomération du Cotentin. The local authority reserves the right to assess the relevance of the project under these rules, including in cases they do not cover. The project must be part of a development, a modernisation of production tools, a creation or a takeover (Article L1511-3 of the General Code of Local Authorities). The eligible expenditure threshold for the operation must be at least €60,000 excluding VAT. Eligible expenditure: purchase of property; construction, extension and rehabilitation works on buildings (structural works); acquisition and rehabilitation of brownfield buildings: 100% of the acquisition cost of the property excluding fees. The amount indicated is: the Cotentin Agglomeration’s support is provided within an annually set budget and within the maximum public aid rates set by European regulations. The aid takes the form of a grant. Its amount is set by applying a maximum rate and within a cap. Eligible expenditure threshold: €60,000 excluding VAT; eligible expenditure cap: €600,000 excluding VAT; minimum aid: €6,000. Grant cap: new construction, extension: €40,000; acquisition and rehabilitation of a brownfield site: €60,000; purchase of existing buildings with or without works: €60,000. For micro-businesses: rate of up to 20% of eligible expenditure. For SMEs: rate of up to 10% of eligible expenditure. The aid can be activated when a property project is carried out with the creation of at least: 1 permanent job of at least 80% of a full-time equivalent for micro-businesses; 3 permanent jobs of at least 80% of a full-time equivalent for SMEs. For micro-businesses (local craftspeople and retailers with a shopfront), the job creation criterion is not required for the project to be eligible. The grant can be combined with other existing financial aid, subject to national or European rules. This amount is an indication to be confirmed: the rules in force, available budget and applicable caps must be checked with the funder.
Business property aid: this scheme aims at actively supporting the local economic fabric through the creation or extension of economic activities. The catalogue mentions the following operations: eligible operations: construction or enlargement of new industrial, craft, office or retail buildings; renovation of existing buildings for economic activity; purchase of existing buildings with or without works. These operations must aim to foster the development of businesses’ activity in the territory of the Communauté d’Agglomération du Cotentin. The local authority reserves the right to assess the relevance of the project under these rules, including in cases they do not cover. The project must be part of a development, a modernisation of production tools, a creation or a takeover (Article L1511-3 of the General Code of Local Authorities). The eligible expenditure threshold for the operation must be at least €60,000 excluding VAT. Eligible expenditure: purchase of property; construction, extension and rehabilitation works on buildings (structural works); acquisition and rehabilitation of brownfield buildings: 100% of the acquisition cost of the property excluding fees. Funding and eligibility must be confirmed against the official rules and the applicant’s situation. The territory mentioned on this page is: CA du Cotentin. Before any spending, check whether the application must be submitted before any commitment.
Funded by CA du Cotentin, Département 50 - Manche
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Who can apply
The catalogue mentions: eligible businesses/legal structures: micro-businesses and SMEs registered in the trade and companies register or the trades register; operating in industry, services to industry, retail or crafts; social and solidarity economy structures with employees (at least one employee at 80% FTE) whose activity is more than 30% financed by commercial activity; leasing and lease-purchase operations through a bank, a group, a holding company or a semi-public company, provided the grant is paid as an increased first rent to the structure carrying the operation and the contract includes an obligation for the business to buy back the property. The lease must continue for at least 3 years after the expected completion date of the investment. Only operating businesses and social and solidarity economy structures investing in property in order to carry out their activities there are eligible for the Cotentin Agglomeration’s business property aid. Ineligible businesses/legal structures: mid-sized and large companies (except structuring projects); property investment companies (SCIs), holdings; sole proprietorships that have opted for or fall under the French micro-business tax regime under Article 50-0 of the General Tax Code; businesses in difficulty within the meaning of EU law. Scope: the whole territory of the Cotentin Agglomeration, excluding shopping arcades and stores with a sales area above 300 m². Confirm the legal status, location, sector and any exclusions in the official rules.
Eligibility conditions
Conditions listed in the catalogue: the Cotentin Agglomeration reserves the right, if the agreement is not complied with or the operation is not carried out in full or in part, to end the aid and demand partial or full repayment of the sums paid. The Agglomeration’s grant automatically lapses and the sums paid must be repaid: if the last payment request is not made within 6 months of the end of the works; if the beneficiary has stated in writing its intention not to carry out the subsidised operation; if the business does not move its activity into the premises within the year following the purchase or acceptance of the works; if the business’s activity is not maintained on site for 3 years for micro-businesses and 5 years for SMEs after payment of the balance of the aid — if the business leaves, it undertakes to repay the intercommunal body without delay; specific rules apply if the project developed shows clear inconsistencies with the project presented in the application: ask the funder for the full wording. Check in particular the application date, that costs have not started, the combination rules and any obligations to maintain the activity.
What the scheme covers
Operations or costs mentioned: eligible operations: construction or enlargement of new industrial, craft, office or retail buildings; renovation of existing buildings for economic activity; purchase of existing buildings with or without works. These operations must aim to foster the development of businesses’ activity in the territory of the Communauté d’Agglomération du Cotentin. The local authority reserves the right to assess the relevance of the project under these rules, including in cases they do not cover. The project must be part of a development, a modernisation of production tools, a creation or a takeover (Article L1511-3 of the General Code of Local Authorities). The eligible expenditure threshold for the operation must be at least €60,000 excluding VAT. Eligible expenditure: purchase of property; construction, extension and rehabilitation works on buildings (structural works); acquisition and rehabilitation of brownfield buildings: 100% of the acquisition cost of the property excluding fees. The works (structural and finishing works) are subject to specific requirements: ask the funder for the full wording. Do not consider a cost eligible without confirmation of the cost base, period and exclusions.
Amount and funding terms
The catalogue indicates: the Cotentin Agglomeration’s support is provided within an annually set budget and within the maximum public aid rates set by European regulations. The aid takes the form of a grant. Its amount is set by applying a maximum rate and within a cap. Eligible expenditure threshold: €60,000 excluding VAT; eligible expenditure cap: €600,000 excluding VAT; minimum aid: €6,000. Grant cap: new construction, extension: €40,000; acquisition and rehabilitation of a brownfield site: €60,000; purchase of existing buildings with or without works: €60,000. For micro-businesses: rate of up to 20% of eligible expenditure. For SMEs: rate of up to 10% of eligible expenditure. The aid can be activated when a property project is carried out with the creation of at least: 1 permanent job of at least 80% of a full-time equivalent for micro-businesses; 3 permanent jobs of at least 80% of a full-time equivalent for SMEs. For micro-businesses (local craftspeople and retailers with a shopfront), the job creation criterion is not required for the project to be eligible. The grant can be combined with other existing financial aid, subject to national or European rules. The amount awarded is not guaranteed and depends on the accepted cost base, regulatory caps, co-financing and the funder’s decision. Check the current version of the rules before taking any action.
How to apply
1. Check the eligibility of the applicant and the project with the funder. 2. Have the costs, cost base and co-financing confirmed. 3. Prepare the quotes, financing plans and supporting documents requested. 4. Apply before any commitment where the rules require it. 5. Wait for the acknowledgement of receipt or the decision before starting operations if a prior application rule applies.
Timeline
No closing date is confirmed for all cases. Check the opening period, any committee dates and review times directly with the funder. Do not consider the aid open without a recent check.
Key facts
- Funder
- CA du Cotentin, 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
What is the purpose of the “Business property aid”?
Actively supporting the local economic fabric through the creation or extension of economic activities.
What amount can be obtained?
The catalogue indicates: the Cotentin Agglomeration’s support is provided within an annually set budget and within the maximum public aid rates set by European regulations. The aid takes the form of a grant. Its amount is set by applying a maximum rate and within a cap. Eligible expenditure threshold: €60,000 excluding VAT; eligible expenditure cap: €600,000 excluding VAT; minimum aid: €6,000. Grant cap: new construction, extension: €40,000; acquisition and rehabilitation of a brownfield site: €60,000; purchase of existing buildings with or without works: €60,000. For micro-businesses: rate of up to 20% of eligible expenditure. For SMEs: rate of up to 10% of eligible expenditure. The aid can be activated when a property project is carried out with the creation of at least: 1 permanent job of at least 80% of a full-time equivalent for micro-businesses; 3 permanent jobs of at least 80% of a full-time equivalent for SMEs. For micro-businesses (local craftspeople and retailers with a shopfront), the job creation criterion is not required for the project to be eligible. The grant can be combined with other existing financial aid, subject to national or European rules. The amount granted depends on the accepted cost base, caps, available budget and the funder’s decision. Confirm the scale in force before building the financing plan.
Who can apply for this aid?
The scheme mentions in particular: eligible businesses/legal structures: micro-businesses and SMEs registered in the trade and companies register or the trades register; operating in industry, services to industry, retail or crafts; social and solidarity economy structures with employees (at least one employee at 80% FTE) whose activity is more than 30% financed by commercial activity; leasing and lease-purchase operations through a bank, a group, a holding company or a semi-public company, provided the grant is paid as an increased first rent to the structure carrying the operation and the contract includes an obligation for the business to buy back the property. The lease must continue for at least 3 years after the expected completion date of the investment. Only operating businesses and social and solidarity economy structures investing in property in order to carry out their activities there are eligible for the Cotentin Agglomeration’s business property aid. Ineligible businesses/legal structures: mid-sized and large companies (except structuring projects); property investment companies (SCIs), holdings; sole proprietorships that have opted for or fall under the French micro-business tax regime under Article 50-0 of the General Tax Code; businesses in difficulty within the meaning of EU law. Scope: the whole territory of the Cotentin Agglomeration, excluding shopping arcades and stores with a sales area above 300 m². Eligibility must be confirmed according to the applicant’s status, activity, location and any exclusions in the official rules.
Which costs and steps should be planned?
The operations mentioned are: eligible operations: construction or enlargement of new industrial, craft, office or retail buildings; renovation of existing buildings for economic activity; purchase of existing buildings with or without works. These operations must aim to foster the development of businesses’ activity in the territory of the Communauté d’Agglomération du Cotentin. The local authority reserves the right to assess the relevance of the project under these rules, including in cases they do not cover. The project must be part of a development, a modernisation of production tools, a creation or a takeover (Article L1511-3 of the General Code of Local Authorities). The eligible expenditure threshold for the operation must be at least €60,000 excluding VAT. Eligible expenditure: purchase of property; construction, extension and rehabilitation works on buildings (structural works); acquisition and rehabilitation of brownfield buildings: 100% of the acquisition cost of the property excluding fees. The conditions indicated include: the Agglomeration may end the aid and demand repayment if the agreement is not complied with; the grant lapses notably if the last payment request is not made within 6 months of the end of the works, or if the beneficiary states in writing that it will not carry out the operation. Before signing any quote, placing an order or starting works, check with the competent funder whether a prior application is mandatory.
Official source
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