The Recovery and Resilience Grant scheme which provides funding to businesses who wish to invest in new technologies, machinery, and plant equipment, is open for Expressions of Interest.
The grants cover a maximum of 50% of the total price of a project and are designed to aid future recovery, and as such, there is a requirement for businesses to plan for jobs to be created as a result. As a guide, businesses are expected to create one job per £10,000 of grant.
How much can I claim?
Eligible businesses can apply from a minimum of £5000 up to a maximum of £50,000
Am I eligible?
You can be eligible for the grant if you:
- Are an SME.
- Are a trading enterprise and have at least one years’ worth of accounts.
- Are registered in the UK and have a base in the South East Midlands area.
- Are ready to invest or expand in the local area.
- Have not been a company ‘in difficulty’ on 31 December 2019.
- Have not already received a Recovery and Resilience grant.
- Have not had a repeat application, this includes from a linked company.
How do I apply?
Applications open at 10am on 4 October 2021 and will close at 10am on 18 October 2021. To submit an expression of interest
click here
Funding is subject to availability and SEMLEP reserves the right to close the Expression of Interest period at any point so we recommend that you complete your Expression of Interest for the Recovery and Resilience Grant scheme as soon as it opens.
For further advice on any of the information contained in this article, or for help in making an application, please contact your usual Moore adviser.