Payment of grant
The grant is paid on defrayed expenditure, i.e. grants will be paid to a business once:
- all works have been completed or equipment purchased to the satisfaction of council officers
- the council has inspected the original contractor's invoices and proof of applicant's payment of contractor's invoice
- evidence of jobs created is provided.
From the date of the offer letter the timescale for claiming the grant will be up to 24 months. Extensions to timescales are available but should be agreed with council officers before the deadline to avoid you losing your grant allocation.
If a business completes the works/ purchases agreed to be funded and creates and fills the jobs at the same time, then these parts of the grant will be paid at this point in time.
Chorley Council realises that jobs may not be created, and filled, for a period after the works are carried out. Therefore, where there is such a lead time for job creation, 40% of the grant will be paid on completion of the works and 60% on evidence of jobs created.
Once payment is agreed with the council's Business Engagement team, grants will usually be paid within 30 days.