Swindon & Wiltshire Business News

Covid-19 Recovery Fund for SMEs open for applications

 

A government fund to help Swindon and Wiltshire SMEs recover from the effects of the coronavirus pandemic has opened for applications.

Swindon and Wiltshire Local Enterprise Partnership is accepting applications to the Covid-19 Recovery Fund from businesses with between three and ten employees that have been negatively affected by the pandemic.

Businesses can use the funding to pay for professional advice, or to purchase equipment to adapt or adopt new technology in order to continue to deliver business activity or diversify.

Eligible business need to:

  • Be based in Swindon or Wiltshire
  • Be incorporated as a limited company
  • Have been trading since at least 1 March, 2019

The grants – which do not have to be repaid – will predominately be between £1,000 and £3,000. There is no need for the applicant to contribute financially. 

The grant scheme – which was announced by the government at the beginning of August – is funded by the European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020.

The grants will be distributed by Swindon and Wiltshire Growth Hub.

Chris Stevens, manager of the Growth Hub, said: “The grants are not to be applied for to use towards revenue such as rent, salaries, utilities or other bills.

"They are specifically designed for businesses looking to purchase equipment or services to support their recovery/diversification/re-purposing during the pandemic and build resilience into their businesses as they move forward."

Applicants will be required to complete an online form supplemented by three quotations for desired products and services.

Businesses will be encouraged to source products and services from within Wiltshire as SWLEP looks to share a vision of retaining these funds in the region and contribute further to the ongoing recovery efforts of the business community.

For more information, or to apply for a grant, visit https://growthhub.swlep.co.uk/support/covid-19-recovery-grant-application