Recovery & Resilience Grants

SEMLEP: Recovery and Resilience Grants Reopening For Expressions Of Interest

The Recovery and Resilience Grant scheme reopens for Expressions of Interest from 10 am, 4th October – 10 am, 18th October.

The Recovery and Resilience Grant scheme offers match funding to businesses to invest in new technologies, plant equipment, or machinery to help businesses create employment opportunities.

The minimum grant amount that can applied for is £5000, and the maximum grant available is £50,000. The grants are designed to build resilience for businesses that have been affected by Covid-19 by supporting investment projects that will create a significant, positive impact on the business’s future.

How to Apply

The Recovery and Resilience Grant scheme will be open for Expressions of Interest from 10:00 am, 4 October – 10:00 am, 18 October.

Upon completion, the Expressions of Interest will be dealt with in the order received, and a Business Advisor will then be in touch to determine your eligibility and help with the application process. The deadline to submit completed applications is midnight 28 November.

Eligibility

To be eligible for grant funding, applicants must meet the following criteria:

  • Be an SME (employ less than 250 people and your turnover is less than EUR 50m or annual balance sheet less than EUR 43m).
  • Be a trading enterprise (and have at least 1 years’ worth of accounts).
  • Be registered in the UK and have a base in the South East Midlands area (see list of Local Authorities above).
  • Be ready to invest or expand in the local area.
  • Must not have been a company ‘in difficulty’ on 31 December 2019.
  • Must not have already received a Recovery and Resilience grant.
  • Must not be a repeat application, including from a linked company.

 

Please note that funding is subject to availability. SEMLEP’s Growth Hub reserves the right to close the Expression of Interest period at any point, depending on interest. We strongly recommend completing the Expression of Interest at your earliest convenience.

FURTHER INFORMATION CAN BE FOUND HERE

 

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