The business development grants will be open to businesses of all sizes.
  • Micro businesses (employing between 1 and 9 people) will be able to apply for up to £10,000 on the condition they match this with their own investment of at least 10%; For Tourism and Hospitality micro businesses and those micro businesses forced to close due to the short Fire Break lockdown there will be discretion for grant awards of up to 100%;
  • SMEs (employing between 10 and 249 people) will be able to apply for up to £150,000. Small businesses (up to 50 employees) will be required to match this with their own investment of at least 10% and medium businesses (between 50 and 249 employees) with at least 20% of their own funding; For Tourism and Hospitality SME’s and those micro businesses forced to close due to the short Fire Break lockdown there will be discretion for grant awards of up to 100%;
  • Large businesses (employing 250+ people) will be able to apply for up to £200,000 on the condition they match this with their own investment of at least 50%.

The grant fund will be open for applications on the 28 October 2020 and remain open until the 25 November or until funds are fully committed.

Use this tool to check your eligibility for the ERF Phase 3 Business Development Grant.

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