East Devon District Council (“EDDC”) have recently launched a new grant fund aimed specifically at businesses and organisations operating in their council area. They have called it their “Innovation & Resilience Fund”, and a grant of up to £50,000 per business or organisation is available, with a minimum application of just £2,500.
In addition, collaborative projects can apply for funding of up to £150,000. The total fund available is approximately £2M, so not insubstantial for one council area.
Eligible applicants must:
Eligible projects could include the purchase of:
When reviewing potential projects, at least one of the following will need to be achieved:
Unusually, there is no requirement for projects to be match funded by applicants (i.e. typically an applicant would be asked to fund say 60% of a project, with the grant covering 40%). Having said that, priority will be given to match funded applications.
Expressions of interest must be submitted by 18 February 2022.
More information can be found on the EDDC website.
By Chris Hill, Partner
If you would like to discuss the possibility of a project you are considering being eligible for this grant, or want advice on how to maximise your chances of securing grant funding, do please contact me.