RESILIENCE AND INNOVATION

Growth Hub has launched a capital investment grant scheme for Small to Medium Enterprises (SMEs). Resilience and Innovation is a business grant that provides support to enterprises based in the South East Midlands area who are looking to invest in their business leading to growth: to strengthen their business performance and resilience to respond to cost-of-living challenges; increase innovation levels and enhance sustainability, in support for the transition towards a net zero economy.

The total Resilience and Innovation grant fund allocation is £1.9million. The maximum grant intervention through the programme will be up to 50% of eligible capital from £5,000 up to a maximum of £50,000.

RESILIENCE AND INNOVATION GRANT APPLICATION PROCESS OVERVIEW:

1:

Read full grant guidance and business & expenditure eligibility criteria.

2:

Submit an Expression of Interest via online form.

3:

Attend our monthly workshop, where a Business Adviser will advise on eligibility and support with the full application.

4:

Supplier selection. Complete and submit full application, with supporting evidence.

5:

Investment Panel review and decision based on grant funding criteria. Where approved, offer letter sent.

Once the Expression of Interest form is complete, you will be contacted by a Growth Hub business adviser within five working days. If eligible, the business adviser will advise you to proceed to full application and share the application form with you. We strongly recommend that you read through all capital grant information, and speak to one of our business advisers before proceeding with your Expression of Interest.

Please note: Growth Hub business advisers will be hosting mandatory monthly grant workshops to support applicants with their full application.  You will receive details of these workshops once your EOI has been submitted.

If you have any immediate questions, contact our business adviser team.

The fourth round of grants closes at 5.00 pm on 15th March 2024.

Grants will be allocated on a rolling series, with subsequent rounds reopening for new applications every two months until the funding is fully allocated.

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