As we recover from Coronavirus, I want Wycombe to bounce back better. That’s why I’m backing Buckinghamshire Recovery Investment Fund from Bucks Business First, Buckinghamshire Local Enterprise Partnership and Buckinghamshire Council.
New grants of between £3,000 and £120,000 are now available to support businesses in Buckinghamshire looking to invest in resilience, repurposing or recovery initiatives as they prepare to overcome the challenges presented by the COVID-19 (coronavirus) crisis.
The Buckinghamshire Recovery Investment Fund, provided by Buckinghamshire Local Enterprise Partnership (LEP), is part of a coordinated support programme for businesses, with Buckinghamshire LEP working closely alongside Buckinghamshire Business First and Buckinghamshire Council.
Match-funded grants of between £3,000 and £120,000 are available to support businesses with innovative projects that contribute towards any of the following: new income streams / product development; improvements in productivity / profitability; jobs growth; accelerated COVID-19 recovery; and future resilience.
Businesses must match-fund 25% of the total project value. For example, the minimum project value which can be supported is £4,000 (the business invests £1,000 and the grant can fund £3,000). The maximum grant value is £120,000 (meaning the match-funding required will be £40,000 for a project value of £160,000 or more to achieve the maximum grant).
Grants are available to organisations that: meet the definition of a small and medium-sized enterprise (SME); have two or more PAYE employees; are registered in the Buckinghamshire LEP area; have not received over €200,000 of de minimis aid in the last three years; and were in good financial health prior to 29th February 2020.?
For further details on these grants and an application form, please go to: www.bbf.uk.com/BRIF
In addition, any business that is being affected by COVID-19 (coronavirus), or has concerns about its future impact on business, can visit the website bbf.uk.com/covid-19 where the most up-to-date advice and support is available.