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Am I right in thinking that a business wouldn't be paying vat anyway so that grant is actually equivalent to 60% off RRP if you were to buy through a business?
rj-
You still pay vat on purchases, but offset against some other costs going the other way, a sort of a benefit, but your still paying it.
Think it's only new build house builders that can pay out all year long then claim pretty much all of it back, still boggles how much new housing is priced at vs quality, esp when you factor in they are getting vat off all inputs to the build!
BrickMan
I think you may be right, though the wording seems ambiguous (to me):
"Grant funding will be 40% of the gross cost (total amount including VAT) of each ecargo bike, up to a maximum of £2,500 for two-wheel models and £4,500 for three-wheel models."