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Devon Elevation Fund

Fund Name

Devon Elevation Fund

Project Length

Funds must be spent by May 31st 2022

Project Value

£2.5k - £25k

Deadline

30.04.2022

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The Devon Elevation Fund (DEF) is a rapid response pilot scheme being delivered as part of the UK government’s Community Renewal Fund programme. This grants scheme is designed to assist sole traders, micro, small and medium-sized businesses (up to 250 employees) or organisations across Devon. These can include start-ups, social enterprises, and constituted community organisations (i.e., business/community groups, parish, town, district/borough councils).

The scheme will run during a limited window until May 2022.

Check Your Eligibility

Fund Details

Funding is available across the following priority areas:

  • Adaptation and Reorientation
  • Innovation and growth
  • Encouraging Diversity
  • Community Innovation

All projects must link to at least one of the following 4 priority themes:

      1. Innovation and Growth – Examples include:

  • Developing new digital products and services – in house or externally
  • Bringing in expertise to develop new products and services
  • Investing in technical training for employees (external delivery)
  • Investing in business diversification
  • Designing and commissioning feasibility studies to test new initiatives, products, processes and services.
  • Obtaining specialist advice – for example advice on patents and copyrights

      2. Adaptation and Reorientation – Examples include:

  • Developing a new / existing website
  • Professional review of existing systems and processes e.g., review of operational processes, website review.
  • Developing quality standards and assistance towards accreditation.
  • Setting up digital trading and marketing platforms
  • Developing Ecommerce systems
  • Developing backend systems
  • Commissioning designs and plans for future capital investment
  • Obtaining specialist advice – for example advice on Brexit related opportunities regarding importing / exporting

      3. Encouraging Diversity

      4. Community Innovation

The programme has a two-stage application process, a quick Expression of Interest followed by a Full Application.

Eligibility

The scheme will focus on the ‘Priority Places’ of Torridge and West Devon (52% of funding) and extend to the wider Devon area including East Devon, Exeter, Mid Devon, North Devon, South Hams and Teignbridge.

Funding available through the Devon Elevation Fund (DEF) is predominantly revenue funding. If a business requires a capital item to complement your revenue project, then up to £4,165 or 50% of the total project costs whichever is the lower can be considered. Funding is limited to projects that can complete activities and pay for and claim back costs for them by 31st May 2022.

The application process may be closed at short notice should large volumes of applications be received, and it will reopen only if there are funds left to award.

Talk to us today if you would like to apply for this opportunity.

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