Business Recovery Grant Liverpool FAQs
07Oct, 2020

Business Recovery Funding Grant Liverpool FAQs

£20 million new funding to help smaller businesses (SMEs) recover from the effects of the Coronavirus pandemic

The funding has been allocated to local Growth Hubs (or associated projects) who work across the country with local and national, public and private sector partners, coordinating local business support and connecting businesses to the right help for their needs. They are locally driven, locally owned and at the heart of the government’s plan to ensure business support is simpler, more joined up and easier to access.

The nature and value of grants awarded will be tailored to local circumstances, and will typically be up to £3,000. Under certain circumstances, and on a case-by-case basis, grants of up to £5,000 may be awarded.

Who can apply for the Business Recovery Grant?

The Covid 19 Business Recovery funding grant is open to all SMEs based in Halton, Knowsley, Liverpool, Sefton, St Helens, and Wirral, who have been trading since before 1st March 2020 and have been impacted by Covid 19. Applications should only be made for grants to assist with Covid 19 recovery and not ‘business as usual’, personal protection equipment (PPE), social distancing or other regulatory activity or for projects that have already started.

Can We Use Business Recovery Grant for Website Design?

Yes, you can use this grant for:

  • Funding for Website design and development
  • Funding for App development
  • Funding for Digital marketing
  • Funding for Social marketing (Facebook, Instagram, LinkedIn and Twitter
  • Email marketing campaigns
  • Funding for Content writing
  • Funding for Website rebuild

Covid 19 Business Recovery Grant FAQs

What is the Business Recovery Grant?

The Recovery Grant has been created, specifically to help Small and Medium sized enterprises (SMEs) in the Liverpool City Region to adapt and diversify following the impact of COVID-19. Funded by the European Regional Development Fund (ERDF), eligible SMEs can access grants of between £1K – £3K.

Who can apply for the Business Recovery Grant in Liverpool?

The grant is open to all Small and Medium Enterprises (SMEs) based in Halton, Knowsley, Liverpool, Sefton, St Helens, and Wirral, who have been trading since before 1st March 2020 and have been impacted by Covid 19.

You are an SME if you have less than 250 employees and an annual turnover of less than £45.1m or a balance sheet of less than £38.8m.

There are some exceptions to this, if you are part of a larger group for example but this will be assessed as part of your application.

How much funding grant can I get in Liverpool?

You can apply for a grant of between £1,000 and £3,000.

What can I use the Liverpool business recovery grant for?

The grant aims to help your business adapt or recover from the impact of Covid 19.

You can use the grant to pay for;

  • Specialist 1-2-1 advice. Such as accountancy, financial, legal, health and safety, ICT support etc

Examples of eligible expenditure on specialist 1-2-1 services include:

  • Review of the business strategy
  • Strategic review of business models
  • HR, financial and legal advice
  • Coaching and mentoring in leadership and management development / Change management
  • Innovation strategy to adapt and diversify products/services
  • The introduction of new technology
  • Developing or revising marketing/digital strategies to reach new markets
  • Mitigating the impact of social distancing measures
  • Rebuilding a viable business model
  • Developing product offerings
  • Legal and environmental health compliance
  • Skills analysis and development plans
  • Workforce management
  • Employee engagement, welfare and wellbeing

Please note these are examples only and not an exhaustive list.

  • Purchase of minor equipment to adapt or adopt new technology to support your business to deliver or diversify. (For example, a tourism business may need to purchase a second cash register to enable adequate social distancing in its gift shop.)

You will need to submit three separate written quotes from three suitable suppliers with your application. These quotes, if dated, must be dated after 8th September 2020. If you are not choosing the supplier with the cheapest quote you will need to demonstrate how the chosen quote offers the best value for money.

Each application must only relate to one service or purchase from one supplier. This may include several linked items to be purchased from the same supplier e.g SEO and social media support.

How do I apply for business recovery grant in Liverpool?

Links to the application forms will show above when the grant is open to accept applications.

There are two application links:

  • One for Visitor Economy businesses
  • One for businesses in the wider economy.

Please ensure you select the correct application link for your business sector.

Please find a sample of an application form here. Please note the application details are the same for both Wider Economy and Visitor Economy applications.

When opening the application link, there is an initial eligibility questionnaire that will continue to the full application should your business be eligible. Once you have completed the application form you will be directed to Signable, our electronic signature provider, to enable you to sign the document before submitting it for consideration.

You will need to have the following information to had when completing the eligibility questionnaire-

  • Company number (if applicable)
  • Business name
  • Business address including postcode
  • Principal activity of business/ SIC code
  • Date began trading
  • Name and contact details of the person applying on behalf of the business
  • Staff headcount
  • Turnover at the end of the last financial year
  • Company VAT details
  • Details of any previous De Minimis State Aid support

As part of the full application you will need to provide details about your business and the project for which you are seeking funding, this includes details of;

  • Ownership and shareholders
  • The impact of Covid 19 on your business
  • Proposed project details including value, start and end dates
  • If the grant will help you retain or employ and/or if it will assist you to introduce a new product or service to your business or to the wider market

You will need to submit three written quotes from three suitable suppliers with your application. These quotes, if dated, must be dated after 8th September 2020. If you are not choosing the supplier with the cheapest quote you will need to demonstrate how the chosen quote offers the best value for money.

If successful, you will receive a Grant Funding Agreement (GFA) via Signable, our electronic signature provider. This will provide you with the value of the grant awarded, along with details of how you can claim the grant and the Terms and Conditions.

The GFA will need to be returned to Growth Platform along with a Service Level Agreement signed by both you and your supplier (an example SLA can be found here).

When you are fully satisfied with the completed work or have received the equipment and have made your final payment to your supplier, you will need to submit claim evidence to Growth Platform. This will be in the form of

  • a copy of the invoice from your supplier,
  • copy of your business bank statement(s) showing payment to your supplier leaving your bank account
  • an invoice to Growth Platform for the grant amount

 

Is there a lot of paperwork?

The application form is completed online. You will need to obtain three written quotes from three suitable suppliers for your project and submit those with your application form.

If successful, you will receive a Grant Funding Agreement (GFA) by email via Signable. This will provide you with the value of the grant awarded, along with details of how you can claim the grant and the Terms and Conditions.

The GFA will need to be returned electronically to Growth Platform along with a Service Level Agreement signed by both you and your supplier (an example SLA can be found here).

When you are fully satisfied with the completed work or have received the equipment and have made your final payment to your supplier, you will need to submit claim evidence via email to Growth Platform, these will need to be certified as true copies, details of how to do this will be in the GFA. This will be in the form of

  • a copy of the invoice from your supplier,
  • copy of your business bank statement(s) showing payment to your supplier leaving your bank account
  • an invoice to Growth Platform for the grant amount

What is a written quote for the grant application?

A written quote can be, for example, an emailed price from a supplier, pdf of direct tailored quote or a screenshot of a price or items added into the basket from a supplier website. If using a screenshot, you must ensure we can see the website address/ supplier details.

We require 3 written quotes from separate suppliers to ensure that the grants we are awarding offer the best value for money for the service/item you are purchasing.

The 3 quotes need to be for the same items and must be comparable.

For example,

  • if you wish to apply for funding for some coaching – we need 3 quotes from 3 separate suppliers for coaching. If you submit 2 coaching quotes and one for lead generation your application will be unsuccessful.
  • if you require a laptop, a ipad and a printer, you must submit 3 quotes for the same, or similar, laptops, ipads and printers from 3 separate suppliers – not 3 separate quotes for the laptop, ipad and printer as this would be unsuccessful.

When will I hear if I’ve been successful for the Liverpool funding grant?

We are expecting there to be a high volume of applications for this grant and we will aim to respond to all applicants within 4 weeks.

What if my Liverpool grant application is not successful?

We expect to be many times oversubscribed for these limited funds so there will be many good applications that are unsuccessful. If yours is unsuccessful we will ask one of our Local Growth Hub Partners to get in touch to discuss alternative options and support opportunities.

How quickly will I receive the money, and can I get it in advance of paying my supplier?

When you are fully satisfied with the completed work or have received the equipment and have made your final payment to your supplier, you will need to submit claim evidence via email to Growth Platform. This will be in the form of
  • a copy of the invoice from your supplier,
  • copy of your business bank statement(s) showing payment to your supplier leaving your bank account
  • an invoice to Growth Platform for the grant amount

We will ensure we pay you within 7 days of receiving your grant claim.

We cannot pay you the grant until you have had the work completed to your satisfaction and paid your supplier.

What if I am having problems with my supplier?

You will be wholly responsible for ensuring the work you commission is carried out to specification and is of a satisfactory standard. The agreement will be between you and your supplier. Growth Platform cannot be held responsible for any issues or the quality of the work.

Can I apply for the Liverpool business grant more than once?

You can apply more than once if your application has been unsuccessful, but you can only receive one grant. If you have received a grant already you cannot reapply for further funds. Once you have received a grant, one of our Local Growth Hub partners will get in touch to discuss other support available to benefit your business.

Can I claim the VAT on the recovery grant?

You will be able to claim the VAT if your business is not VAT registered. Therefore, the maximum you will be able to claim is £3,600 consisting of £3,000 plus 20% VAT of £600.

Please note you will not be eligible to claim the VAT back from HMRC in the future if it has been paid by the Recovery Grant.

If your business is registered for VAT you will not be able to claim the VAT element though the Recovery Grant.

Checks will be made to ensure the VAT status of applicant businesses; incorrect information may lead to your application being declined.

Can I choose whatever supplier I want? Can they be based anywhere?

Yes. Your supplier can be based anywhere. However, we actively encourage businesses to take advantage of the wealth of outstanding suppliers within the City Region. Local suppliers are often more cost effective and accessible too. The Local Growth Hub has a community of experts based across the City Region that can be used to source quotes.

Please note Growth Platform do not endorse any of these suppliers nor do we have preferred suppliers.

Can I save a draft of my application and return to it when I have all the information?

Yes. When you have completed the initial eligibility section, the full application form will open up. At the bottom there is the option to save and continue later.

You will be given a link to revisit or can ask for this link to be sent to you by email.

Will I get a copy of the funding application I submitted?

Yes. When you have submitted / signed your application a confirmation email and copy of your application will be sent to you.

Will I get confirmation that you have received my funding application?

Yes. When you have submitted / signed your application a confirmation email and copy of your application will be sent to you.

Do I need to pay my supplier in one lump sum or can I stagger the payments?

You can pay your supplier in full or by instalments. However, no payments should be made until you have received your Grant Funding Agreement and your Service Level Agreement has been signed by both parties.

If you make payments to your supplier in instalments, evidence of each payment leaving your business bank account will need to be provided.

Does it matter what account I pay the supplier from?

Evidence of payment is required. The payments need to be made from your business account which has the same name as the business applying for the grant.

When does the work need to be completed by? Or when does my claim need to be submitted?

The fund is for projects that will complete brfore 28th February 2021. This is the absolute deadline, projects that extend beyond this date will not be eligible for funds. If a project has been issued a Grant Funding Agreement and the work over runs past this date then the grant cannot be paid.

You need to have paid your supplier and sent your claim to Growth Platform by 10th March 2021, claims submitted after this date cannot be paid.

What if my project costs more than £3000?

The grant must cover 100% of the service your business is procuring (up to a maximum total project value of £3,000). This grant cannot be used to part-fund expenditure.

If your project is more than £3,ooo you may be eligible for a New Markets Grant which offers 35% contribution towards the cost of commercial advice. Please contact Growth Platform to discuss this alternative or click here for further details.

Can I change the supplier or the project once I’ve received my recovery grant approval (Grant Funding Agreement)?

If you wish to change suppliers you will need to reapply as your application was accepted based on the information you submitted at the time of application, Should anything change than we will need to re assess our decision based on the new information.

Please note we cannot guarantee that you will be able to submit a new application due to the limited number of applications we can accept.


When is the next funding round for Business Recovery Grant  in Liverpool?

Due to the limited funding and expected high demand, they will be operating a number of application rounds with a maximum number of applications being accepted per round.

The first funding round opened on 16th September 2020 at 10am, in this round they accepted 50 visitor/ tourism economy applications and 100 wider economy applications. This is to allow time for applications to be reviewed, processed and approved. The application links closed when the limit was reached and will re-open again, the following month. This will be repeated until all funds have been allocated.

Take advantage of FREE help with your quotation for website design and development

As an award-winning digital marketing agency we have been helping other companies with their bids and can help you submit quotations for this business recovery grant.

Call 0151 5151 455 or email us to arrange an informal chat about your application.

Please follow Local Growth Hub, Liverpool City Region on @growthplatform @localgrowthhub or keep checking our website for updates.

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