COVID-19 SME Grant Scheme



COVID-19 SME Grant SchemeSummaryThe University of Surrey COVID-19 SME grant Scheme has been put in place to support our innovation ecosystem in this time of crisis and is specifically designed to support those SMEs who are engaging with us in innovation activity and contributing to economic development and prosperity in the region. We have a total funding pot of ?100,000 and we are offering grants of up to ?5,000 per eligible SME. We expect that the need will exceed the funds available and therefore, we are asking SMEs to apply for the grant using this form. Applications will be assessed against the criteria outlined in the next section and decisions will be made by the University Funding Board. Aid will be granted under the State Aid de minimis scheme. Eligibility CriteriaTo apply for a COVID-19 SME grant you must be an active member of our innovation ecosystem. This includes one or more of the following:A member of SETsquared Surrey IncubatorAn SME in which the University of Surrey or the University of Surrey Seed Fund Ltd already owns sharesA resident SME in the Surrey Technology Centre, or the University of Surrey Research ParkAn SME in an collaborative project currently underway with University academicsThe SME must not have been in difficulty prior to 31st December 2019 (within the meaning of State aid General block exemption regulation). scheme is designed to help those companies who are least able to access Government COVID-19 support measures. Therefore, small and micro businesses who are ineligible for the Government Small Business Grant Scheme will be prioritised purpose of the grant is to help SMEs within our existing innovation ecosystem to continue to engage with knowledge exchange and business growth activities during the COVID-19 crisis, for example, to:Maintain engagement with the University of Surrey on knowledge exchange projectsSupport virtual working and continual operation of your company that enables knowledge exchange activity with the University of Surrey Innovation EcosystemThe SME must be able to demonstrate financial business impacts that are directly related to COVID-19 restrictions and show how the grant will help to mitigate these impacts and allow it to continue in knowledge exchange and business growth activities. ProcessSMEs should contact Dan Bance at business@surrey.ac.uk, or Charlotte Watson, c.watson@surrey.ac.uk (for members of SETsquared Surrey) with questions on eligibility or help with the completion of the application form. This Application Form should be completed in full by the SME and submitted no later than COB on 30th April 2020 to business@surrey.ac.uk Eligible proposals will be assessed by a review panel and recommendations made to the University Funding Board. Funding will be allocated, in the form of a bank transfer at the discretion of the Board. It is a requirement of the University to report on the use of its funding. Within 6 months of receipt of the grant, SMEs should send a statement to business@surrey.ac.uk outlining how they spent the grant and the impact that the grant made to their business survival. Application FormSECTION 1 – COMPANY DETAILSName of CompanyCompany Registration No.Key Company ContactCompany Address PostcodeEmail AddressTelephone No.Is this company an SME?YES / NOWas your business in difficulty prior to 31st December 2019YES / NODo you qualify for the Small Business Grant Scheme?YES / NO1.2 Relationship with the University of Surrey Innovation EcosystemSETsquared Surrey Member?YES / NOResearch Park Resident?YES / NOUni of Surrey Spin-out?YES / NOActive R&D Collaborator?YES / NO (Name of academic collaborator(s) and title of collaborative project(s))1.3 Please provide a brief description of your company (product/service, age, development stage, size)1.4Business Bank Account detailsThese details will only be used in the event that your application is successful, to pay you the awarded grant amount.Bank Account NameSort CodeBank Account NumberSECTION 2 – BUSINESS IMPACT OF COVID-192.1Please describe how your business has been financially impacted by COVID-19 and the key challenge(s) the company currently faces. 2.2Please explain how you will use the grant to help to mitigate the impact of COVID-19 restrictions on your business activity and continue knowledge exchange and business growth activity. Please provide a proposed breakdown and timeline of the grant spend.SECTION 3The value of the grant will count as de minimis State Aid for the SME.* Please provide details of any other de minimis State Aid (including e.g. DBAH funded incubation) the SME has received over the last 3 financial years.Source of public fundsValueDate received*To make use of de mimimis aid, your business must not?have received more than €200k (c. ?185k) of de minimis aid?over a rolling, three fiscal year basis. This is calculated?from the date you are awarded the grant, going back 3 fiscal years (the previous 2 fiscal years and the current fiscal year, from April to March,?not?your own financial year).SECTION 4 - SME DeclarationTo the best of my knowledge, I can confirm that the information supplied in this grant application is correct and complete.If successful, this organisation will use the funding only for the purpose outlined in this application form and will meet the terms and conditions of the grant funding agreement (Section 5) to any grant offer that is accepted.I confirm that this organisation shall not exceed its de minimis threshold by accepting this grant payment.I consent to my name and company details being processed for the use of this application and any subsequent award including publicly available case studies for the purpose of reporting on the impact of the COVID-19 SME Grant. Signed:Name (print):Position: Date:Note: the signatory must be an officer of the company to bind the organisation in legal agreementsCompany/Organisation: (full legal name)SECTION 5 - TERMS & CONDITIONS Only completed applications that are received into business@surrey.ac.uk by the COB 30th April will be considered for funding. The Company warrants that it meets the Eligibility Criteria and that it will retain and provide all relevant information to the UK government and/or the European Commission in accordance with state aid rules.All funds are to be spent by the named company on business related expenses (in line with the description given in section 2.2) within 6 months of receipt. The Company must maintain their own records of grant expenditure and be able to provide these to the University upon request for audit purposes.SMEs should send a statement to business@surrey.ac.uk no later than 31st December 2020 outlining how the grant was spent and the impact that the grant made to their business. ................
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