The critical question all businesses want to know is...

Am I eligible for Catalyst Funding?

Because Catalyst cannot fund everyone who applies to the project, and because we are aiming to help businesses get onto the first rung of the "e-business ladder", Catalyst has set eligibility criteria which businesses must meet in order to be considered for funding.

The SME eligibility criteria are as follows:

1. SME Status

• Your business must be a small or medium sized enterprise (SME). An SME is defined as a business that has
  • Less than 250 employees
  • Less than £31.8m turnover
  • Less than £28.6m of assets

2. Located in the North East of England

• Your business must be located in the North east England region. This 'region' covers:
  • Northumberland
  • Tyne & Wear
  • Tees Valley and
  • County Durham.

3. Trading Status

• Your business must have been trading for not less than 1 month. By 'trading' we mean that the business has received income, created expenses for purchased goods or services, or as a minimum, has a bank account set up  in the name of the business.

4. Previous Funding

• Catalyst is open to businesses that have received £1500 or less funding in the last 3 years for any support other than hardware (such as computers, printers, cabling etc).
• If your business has received over £1500 of funding for anything other than hardware, your business is not eligible for Catalyst funding.

If you require further information or clarification on these criteria, please email catalyst@n-e-life.co.uk