Business Resilience and Recovery Scheme
Supporting businesses through COVID-19
The Business Resilience and Recovery Scheme has been established to support businesses during the COVID-19 pandemic and during the economic recovery. It will provide grants to support short-term business resilience projects and longer-term recovery and diversification projects.
Typical projects which would be supported include:
- Support for the manufacture of products to tackle the Coronavirus outbreak
- Support for Coronavirus related research and development
- Development of new technology or innovation and productivity improvements
- Short term manufacturing diversification, for example to support production of PPE
- Longer term development for future recovery and diversification
- Identification and mobilisation into new markets
For more information or to discuss the eligibility of your project, contact the New Anglia Growth Hub on 0300 333 6536 or email firstname.lastname@example.org.
Growth Through Innovation (GTI) Grant Fund
Invest in innovation, research and development
Funded by the European Regional Development Fund, the GTI Grant Fund, is delivered by New Anglia Local Enterprise Partnership (New Anglia) in partnership with Suffolk Chamber of Commerce and Suffolk County Council.
The grant has been designed to provide vital funding for local growing SMEs to help with research and development projects, innovation aid and process and organisational innovation. Eligible companies can apply for £1,000 – £25,000 grants to help towards the purchase of instruments and equipment, software and licences, engagement/secondment of specialist researchers and technicians, Intellectual Property costs, materials and consultancy. The grant can pay up to 50% of the total eligible costs of your projects.
There is a limited pot of funding available to support companies, so we’re looking for companies to bring forward innovation projects that will have a significant impact on their business, and grant applications will be considered on a “first-come, first-served” basis.
For more information, including eligibility and the application process, read the Growth Through Innovation Fund FAQs here
To discuss your R&D or innovation project contact a New Anglia Growth Hub Business Growth Adviser on 0300 333 6536 or email email@example.com
Growing Business Fund
The New Anglia Local Enterprise Partnership is calling for local businesses wanting to grow and create new jobs to apply for grants through the Growing Business Fund.
The Fund is made up of two programmes: a Small Grant Scheme, for grants between £5,000 and £25,000, and a larger scheme for grants between £25,000 and £500,000.
Both programmes are delivered by New Anglia LEP in partnership with Suffolk County Council and Finance East, and supported by OrbisEnergy.
Small (including Micro) sized businesses may apply for a grant of up to 20% of the total project cost needed for investment, and be used to leverage funding from other sources, such as banks and other financial organisations, while Medium sized businesses may apply for up to 10% of the total cost of the expansion project.
Businesses based in an Assisted Area in either Norfolk or Suffolk may be eligible for the following levels of grant funding:
– Small (including Micro) businesses – up to 30%
– Medium sized businesses – up to 20%
– Large businesses – up to 10%.
If you’re not sure if you are based in an Assisted Area, you can check here.
To be eligible for grant funding, applicants must meet the following essential criteria:
- Be a trading and growing small or medium-sized enterprise;
- Be based in Norfolk or Suffolk;
- Be ready to invest, expand and recruit new staff in the local area;
- Be able to evidence secured match funding from private funds;
- Be able to prove a need to apply for a grant;
- Be able to create at least one new job for every £10,000 worth of grant.
- Additional criteria apply to Large businesses.
For more information on both programmes click here.
Scale-Up New Anglia
Taking ambitious Suffolk and Norfolk businesses with high growth potential from ‘silver’ to ‘gold’.
Ultimately, for a venture to break through to high growth, leaders sustain the momentum it needs. So if you’re ambitious and driving a promising business with high growth potential, Scale Up New Anglia is designed to help leaders like you accelerate your expansion.
All those eligible to join our exclusive programme will enjoy a comprehensive series of insightful interventions, inspiring new behaviours that can ultimately change their venture’s outcomes.
Is your business based in Suffolk and Norfolk with the potential for high growth? Need answers that can unlock high growth but you’re unsure what the questions might be? Keen to join an elite entrepreneurial ecosystem specifically designed to help your business thrive locally? Apply to join Scale Up New Anglia today.
For more information or to discuss how to apply, contact the New Anglia Growth Hub on 0300 333 6536 or email firstname.lastname@example.org