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Fund title: East Devon District Council: Innovation & Resilience Fund

Focus of fund/fund aims:

Grants for businesses in East Devon to invest in transformational and innovative projects to support economic recovery from the Covid-19 pandemic

Application deadline:

The IRF will close to new expressions of interest either on 18 February 2022 or when the total scheme allocation of £2m has been consumed, whichever is soonest

Fund description:

East Devon District Council has launched a new fund to help local firms prosper. The Innovation and Resilience Fund has more than £2m available to support innovative projects that:

  • support business diversification and the development of new and innovative products
  • enable carbon reductions and biodiversity enhancements
  • enable and safeguard high value jobs
  • offer inclusive opportunities to disadvantaged individuals

Applicants must propose a specific project which will transform their business and support the local economy, along with a projection of the amount of grant funding they need; up to £50,000 per business or up to £150,000 for a collaborative bid.

Examples of how the funding can be used are:

  • equipment that will allow the business to diversify or create a new innovative product
  • specialist training to allow the business to expand into new markets
  • equipment that will enable the business to expand and create new higher paid jobs
  • technologies that will allow the business to become carbon neutral or negative

Further information:

https://eastdevon.gov.uk/irf/