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The Business Recovery and Resilience Grant Scheme will support businesses located within the boundaries of North Norfolk District Council that have been severely impacted by the COVID-19 restrictions and are looking at ways to recover and strengthen their business performance.
The scheme is now open for applications.
The Business Recovery and Resilience Grant will provide up to 75% towards capital and revenue costs required to support the recovery and resilience of the business.
Successful applicants must demonstrate there is a robust business case for grant funding to support their project. You must therefore explain:
- how COVID-19 has severely impacted your business
- what you need to invest in
- how this grant will enable you to respond to the impact
What can be funded?
The grant will support initiatives, projects and adaptions that businesses require to recover, sustain, diversify or grow.
We will consider all eligible applications. However, we have identified several areas that will be prioritised. These are as follows:
- Digitalisation - for example, investment in e-commerce, contactless payments, online booking systems, click and collect, new websites.
- Adapt and diversify - for example, investment in new products or services, improved resilience.
- Green initiatives - for example, sustainable procedures, energy-efficient measures.
- Investment in new equipment, machinery, facilities, processes – to support turnover growth and increase customer capacity.
- Physical adaption to premises - planning permission must be in place before applying.
Who can apply?
To be eligible for grant funding, your business must:
- Be located within the administrative area of North Norfolk District Council and delivering services, products from the district. Your main operation base must be situated in the district boundary. For sole traders, your home address must be within the district.
- Not be in administration, insolvent or in receipt of a striking-off notice.
- Provide quotations (no less than one) for all proposed projects. These must be from businesses or individuals who are independent from your business.
- Ensure that your project complies with current State Aid and subsidy regulations, and you will be required to submit a State Aid Declaration as part of the application process. Further details of the current State Aid regulations can be found in the grant guidance document.
- Satisfy the grant panel that your proposal is viable, realistic and deliverable within the agreed timescales.
We will assess applications on their relative merits, for example:
- impact on the local economy
- number of jobs safeguarded
- number of jobs created
- the benefit to the local supply chain
What cannot be funded
Certain sectors are excluded from this scheme. These are:
- holiday lets and self-catering accommodation premises
- gambling and betting activities, for example, bookmakers
There are a small number of ineligible activities and costs. These include:
- Projects where the applicant cannot demonstrate a market demand, either new or existing.
- Wage subsidies, cash flow, buying stock.
- Expenditure on continuous or periodic activity. Building maintenance, routine tax consultancy, regular legal services or advertising, or costs to comply with statutory regulations.
- Non-business expenditure.
- The replacement of items and consumables, including laptops and software.
- Land purchase and building repairs.
- VAT, unless this cannot be recovered.
- Repeat applications, including from linked companies.
- Any costs relating to insurance policies.
- Costs for any expenditure incurred before any grant offer letter.
How much can I apply for?
The minimum grant is £2,500.
The maximum grant is £25,000.
How to apply
Read and fully understand the grant guidance document before applying.
Complete this application form and provide the information in the supporting evidence section below.
- All quotations relating to your proposed project
- Evidence of match fund, for example, bank statement, agreed finance arrangement
- Last three months bank statements for the business.
- Last full and unabbreviated annual accounts, showing turnover.
- If you are unincorporated, for example, a sole-trader or partnership, you will need to provide a copy of your last trading accounts or last self-assessment tax return.
Deadlines and scheme review
There is no scheme deadline. However, this grant is drawn from a limited fund, and no grants will be awarded once the fund has been fully committed. The grant will be subject to periodic reviews where the council will consider the:
- effectiveness of the criteria,
- popularity of the scheme
- remaining fund available
Following each review, the scheme may be revised or ended.