To support the ongoing recovery of the local economy, we are using the remainder of our Additional Restrictions Grant allocation (approximately £450k) to deliver the Revival Grant which will be made available to eligible businesses via our partner, East Midlands Business Ltd (EMB).
The Revival Grant is a business development grant, which is intended to be flexible in scope in order to match local business recovery/growth opportunities.
To be eligible for the Revival Grant you must be:
- Based in Boston
- Be trading (pre-start businesses are not eligible)
- an SMEs (0-249 employees) – SMEs in all sectors can be considered.
The Revival Grant also requires:
- An applicant contribution (the Revival Grant will contribute 75% of project costs up to a maximum grant of £10,000).
Please note: Revival Grant payments will only be made on evidence of defrayed expenditure and the scheme will be delivered on a first come, first served basis until the budget is allocated (EMB reserve the right to close the application process without notice should the grant budget be fully committed). The Revival Grant can only be applied for electronically via the process identified below.
The Revival Grant will support (list not exhaustive and at the discretion of EMB):
- Consultancy support to realise opportunity during recovery e.g. digital or sector specialists;
- Procurement of equipment to improve business processes;
- Adoption of new technology to deliver or diversify business activities – e.g. e-commerce platforms, contactless payments, hardware/software to support remote working;
- Procurement of equipment that will reduce waste and promote the transition to a low carbon economy.
The Revival Grant will not support (list not exhaustive and at the discretion of EMB):
- The purchase of “standard” office information technology equipment such as laptops, or PC’s unless this is directly linked to an emerging business opportunity, agile working or linked business software operation;
- Ongoing normal business costs (i.e. business rates, overheads, basic equipment and tools required to undertake the economic activity, etc.);
- Costs associated with any statutory requirement for the business;
- Any costs that have already been incurred prior to receiving the Grant approval (offer letter).
The Revival Grant application process is in three distinct stages:
- Businesses can register an interest in the Revival Grant w/c 6th December 2021, up to 9th January 2022 by e-mailing email@example.com (e-mails or correspondence to any other e-mail address will not be accepted as a registration). Please note that receipt of the registration request does not constitute that funding has been reserved for the business. Grant funding will be allocated on a first come, first served basis on receipt of the Expression of Interest.
- All businesses registering an interest during this period will be sent a PDF Expression of Interest at the same time, at 12:00 on 10th January 2022 by EMB. Completion and submission of this EOI will act as the time/date stamp for the application (given the grant is being administered on a first come, first served basis until the budget allocated).
- All EOIs will be reviewed by EMB and those that are eligible will be invited to submit a Full Application via an on-line portal. The full application will be reviewed by EMB and successful applicants will be sent an ‘offer letter’. Successful applicants will have four (4) months to complete their project and claim their Revival Grant.
Should you have any questions relating to the Revival Grant, please contact: firstname.lastname@example.org