The Recovery and Resilience Grant scheme offers match funding to businesses to invest in new technologies, plant equipment, machinery, or premises growth to help businesses create employment opportunities.
The grants of between £5,000 to £50,000 are designed to build business resilience for businesses that have been affected by Covid-19 by supporting investment projects that will create a significant, positive impact on the business’ future.
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 to apply
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).
Please note, grants are awarded on a discretionary basis and are subject to eligibility checks and approval.
The Recovery and Resilience Grant Scheme is delivered by SEMLEP’s Growth Hub and part-funded by the Getting Building Fund and the European Regional Development Fund (ERDF).