Details

The Innovation and Resilience Fund Rounds 2 to 4 were funded by the UK government through the UK Shared Prosperity Fund. The UKSPF Programme has now finished and future rounds of the IRF are not planned. This page provides details on the eligibility criteria for the 4th round of the scheme. 

Funding amounts

Applicants were able to apply for up to £30,000 per individual business. The minimum funding request was £3,000.

All applicants needed to commit to match-fund at least 30% of the total project cost. For example, if the total project cost was £20,000, an applicant could apply for up to £14,000 from the IRF4 scheme.

Eligible applicants

To be eligible to apply, applicants must have:

• Been seeking capital funding for a specific 'transformational' project (see definition below)
• Been trading at the time of their application
• Primarily operated and traded within East Devon
• Not been in administration, insolvent or has been struck off the Companies House register
• Not have exceeded the permitted subsidy control threshold

The full list of eligibility criteria and guidance was provided in the IRF4 Policy. 

Eligible projects

Applicants could use their grant to purchase/fund either:

• Equipment: the purchase of capital equipment to automate or improve efficiency, or to help create a new income stream for the business.
• Workspace: the creation of new commercial space, the conversion of unused space for commercial purposes, or major upgrades to existing workspace to enable a new, specialised commercial use.