Issue details

RE19 0018 - Inward Investment Business Incentive Scheme Grant - Thornhill Group Ltd

To offer Thornhill Group Ltd:
- A Job Creation Grant of £4300 for 11 new full time permanent jobs, these will be skilled with an average salary of £25k per annum. The total grant will be paid when the jobs have been created for a minimum period of 1year and will be subject to the company providing written evidence of the staff appointed residing at a Doncaster postcode.
- Speculative Business Rate Grant up to £91,205 which is the approximate new business rates.
- Project set up costs grant of £5000 in respect of racking, broadband and communications.
The Cabinet report approving the overall scheme (key decision K1255 taken 15th October 2015), proposed a Job Creation Grant ranging from £100 to £500 per FTE depending on salary and a maximum Project Start Up Grant of £5k.
The company has certified the amount received in state aid in the current and two previous financial years. This amount, together with the aid sought from Doncaster Council is below the state aid De Minimis limit of €200,000. DMBC will notify the company in writing of the final amount of aid provided in Euros and British Pound Sterling (BPS) for the purpose of recording aid.
DMBC programmes team will be monitoring the Business Incentive grant to ensure meet the terms of the grant relating to job creation. A legal document still has to be drawn up but will be very similar to other legal documents currently used by DMBC relative to other similar schemes.
BOX

Decision type: Non-key

Decision status: Recommendations Approved

Notice of proposed decision first published: 15/10/2019

Decision due: 9 Apr 2019 by Director of Regeneration and Environment

Contact: Andrea Hedges, Governance Officer Email: andrea.hedges@doncaster.gov.uk.

Decisions