Sidmouth: new £2m Innovation and Resilience Fund open to applications
By Philippa Davies
17th Sep 2021 | Local News
A new £2m funding scheme aimed at local businesses and organisations has been launched by East Devon District Council.
The Innovation and Resilience Fund is designed to help businesses and organisations 'deliver a project', such as creating new jobs or products or reducing their carbon footprint.
What funding can be applied for?
The minimum you can get is £2,500, and the maximum is up to £50k per individual bid, or £150k for a collaborative bid (multiple businesses/organisations).
You'll have to show that the project will lead to 'exceptional positive benefits for the local economy.'
What are the eligibility criteria?
You'll need to:
- Have been trading before 1 January 2021;
- Primarily operate and trade within East Devon;
- Not be in administration, insolvent or has been struck off the Companies House register;
- Not have exceeded the permitted subsidy control threshold.
To find out more and to apply, click here to go to the East Devon District Council website.