24th July 2020

In the wake of the COVID-19 pandemic, many organisations have been understandably focused on stabilising cash-flow. As restrictions start to be eased, organisations will begin to look to the future and plan for recovery. For this reason, we thought it would be helpful to hold a “Life After Lockdown” mini-series of free live webinars, dedicated to supporting them into the next phase of this crisis.

As the government offers more clarity on what life will look like post-lockdown, small-medium enterprises (SMEs) may be considering capital projects to allow for growth within their organisations. Our webinar was be hosted by Carole Almond, Senior Manager – Grant Support at UNW and Simon Allen, Investment Centre Director at UMi, during which they discussed capital grants that are available to SMEs in the North East LEP area.

 

VAT Update:

The webinar is geared to SMEs that offer more than a local service and that are considering undertaking capital investment of at least £100,000 in the short-to-medium term. It discussed what support is available to organisations to help them through the application process and what to consider when applying. It also included examples of business that have successfully undertaken capital investment projects to create growth and jobs within their organisations.

The webinar covered the aims of European Regional Development Fund (ERDF) capital grants and the types of projects that can be supported. Carole and Simon also covered the eligibility criteria; including business sector, size and location, capital expenditure requirements, and job creation, alongside other things to consider such as the need for the grant, viability, and displacement.

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