Recovery and Resilience Grants

Last updated 09:30, 9 December 2021

The Recovery and Resilience Grant scheme is currently closed for new expressions of interest.

About the Scheme

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

The minimum grant amount that can be applied for is £5000, and the maximum grant available is £50,000.

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.

* We regret that we cannot accept applications for building works relating to EOIs submitted after 30th September 2021

It’s important that businesses are aware that funding is subject to availability and expressions of interest will be reviewed on a first come, first served basis. SEMLEP’s Growth Hub reserves the right to close the Expression of Interest period at any point, depending on expressions of interest received. We strongly recommend completing the expression of interest at your earliest convenience.

How to apply

Eligible businesses are invited to begin the application process during an Expression of Interest period. To be kept up to date on the scheme, please sign up to the SEMLEP’s Growth Hub newsletter.

The Recovery and Resilience Grant scheme is currently closed for new expressions of interest. We apologise for any disappointment.

Expressions of interest already received will be dealt with in the order they are received. Once completed, a Business Adviser will be in touch to determine your eligibility and help with the application process.

Completed applications must have been submitted in full (including all additional documents) by midnight on 28 November 2021. Projects must be completed, paid for and claims submitted to SEMLEP by 14^th February 2022

For more information, please refer to the Guidance Notes:

PDF: Recovery and Resilience Grants Guidance

Eligibility

To be eligible for grant funding, applicants must meet the following essential 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.
• Businesses that have already received a Recovery and Resilience grant can now apply for further funding, but the combined total cannot exceed £50,000, and the job creation expectations are as above.  These businesses should put a new EOI in.
• Must not be a repeat application, including from a linked company.

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).