COVID-19 Recovery Grant
LEAP's COVID-19 Recovery Grant for SMEs will open on Friday,16th October at 10.30am.
Funded by the European Regional Development Fund (ERDF) and delivered through LEAP’s business support initiative the London Business Hub, eligible SMEs will be able to secure grants of between £1,000 – £5,000 to help them access professional, legal, financial or other advice and /or new technology and other minor equipment to address their immediate needs in response to the impact of COVID-19.
How much grant funding is available in London?
The London LEP Area has the following funds to allocate:
Visitor Economy: £ 377,210
Wider Economy: £1,081,112
SME's will be able to apply for 100% of the costs, however funding will be paid in arrears. Eligible applicants will have one calendar month, from the date of the grant offer letter, to accept the offer and purchase and receive the support/items that the grant has been approved for and submit a grant payment claim.
As part of the grant application support, the London Business Hub will be running a webinar on Thursday 15th October 2020 from 10.30am to 1.30pm. It will cover in more detail the COVID-19 recovery grants criteria, the application process as well as other scheme/grant opportunities. Note that places are limited. Click here to register your interest. If you are not able to attend, The London Business hub be posting the webinar content on the project page on the same day.
All information and criteria to assess eligibility and prepare for the grant application are now available here.