What is it?
Oxfordshire Local Enterprise Partnership (OxLEP) has launched the Business Resilience Fund to help support Oxfordshire based businesses that have been impacted by the COVID-19 crisis.
The fund is designed to complement the range of support available from HM Government and provide eligible businesses with unmatched grants ranging from £1k - £10k.
The deadline for applications is 5 June 2020.
Read the full terms and conditions of this grant here. Please read the terms and conditions carefully, to see if you are eligible to apply for this grant.
Who is it for?
Grants are available to organisations that:
- Are an SME, Sole Trader, Social Enterprise or Charity
- Have been trading from a base in Oxfordshire for at least 1 year
- Have been in good financial health prior to 31st December 2019
- Have not received more than €200,000 de minimis aid within the current financial year or the previous two financial years.
- Will use the grant to build business resilience, strengthen growth and protect jobs.
How does it work?
Revenue grants of up to £5k (e.g. for day-to-day running costs such as salaries, energy bills and items purchased which will be used up within 1 year), or capital grants of up to £10k (e.g. purchasing or improving assets) can be used to support Sole Traders and SMEs with activities which aim to:
- Build business resilience
- Strengthen growth
- Safeguard jobs
You can apply for both a 'revenue' and 'capital grant' (with appropriate justification) on the same application form. Each will be assessed individually and in combination.
There is £250,000 available for revenue grants and £500,000 available for capital grants.
What should I do next?
If you are eligible, complete the Business Resilience Fund application form.
Read the full terms and conditions of this grant here. Please read the terms and conditions carefully, to see if you are eligible to apply for this grant.
The deadline for applications is 5 June 2020.
Find out more here.
First published 1 June 2020
Last updated 1 June 2020
1 June 2020
First published.
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