The Recovery and Resilience Grant scheme offers match funding to businesses to invest in new technologies, plant equipment, machinery, or premises growth to help businesses create employment opportunities.

The grants of between £5,000 to £50,000 are designed to build business resilience for businesses that have been affected by Covid-19 by supporting investment projects that will create a significant, positive impact on the business’ future.

The grants cover a maximum of 50% of the total price of a project and are designed to aid future recovery and as such there is a requirement for businesses to plan for jobs to be created as a result. As a guide, businesses are expected to create one job per £10,000 of grant.

Funding Stream: Getting Building Fund (GBF)
GBF Awarded: £2.688M
Total Project Cost: £4.765M
Project Status: Due to complete February 2023
Projected Outputs: TBC
Website: www.semlepgrowthhub.com/recovery-and-resilience-grants/

April 2022 

The full allocation of £2.7m of GBF grants has been approved, supporting more than 150 businesses across the region. Case studies for two of the projects funded by the scheme can be found here:

• GCN Tipper Hire Ltd.
• YMCA MK