Finance information for Exmoor Businesses

Finance and Grant Funding

North Devon Coast AONB Small Grant Scheme

Community groups, businesses and farmers can apply to the North Devon Coast Areas of Outstanding Natural Beauty’s (AONB) small grant scheme, otherwise known as the Sustainable Development Fund.

Applications are encouraged from those carrying out projects that bring an environmental, economic, social or educational benefit to the AONB.

Grants can cover up to 75% of the project cost, and range in size from £100 up to £4,000 for an exceptional project. Applications are open until December 2021. Check out the AONB Management Plan for the full list of policies and priorities.

The Environmental Futures and Big Data Impact Lab

The Impact Lab provides deep technical assistance to Devon SMEs that have a big data and/or environmental future opportunity to address in order to grow to the next level. This is achieved through a substantial package of fully funded support which will be tailored to the need of your business and project.

Prince’s Trust Enterprise Programme

The Prince’s Trust work with 18 to 30-year-olds to turn big ideas into a business reality through their Enterprise programme. From training and mentoring support to funding and resources, they’re with you every step of the way.

Start Up Loans - Small Business

A government funded scheme to provide advice, loans of up to £25,000 and mentoring to startup businesses.

Help to Grow: Management

Take your business to the next level with the government’s new Help to Grow programme. The programme will help small and medium sized businesses across the UK learn new skills, reach new customers and boost profits.

What is it?
– From June, small businesses will be able to access a 12 week-programme delivered by leading business schools across the UK. The programme will combine a practical curriculum, with 1:1 support from a business mentor, peer-learning sessions and an alumni network.
– Designed to be manageable alongside full-time work, this programme will support small business leaders to develop their strategic skills with key modules covering financial management, innovation and digital adoption. By the end of the programme participants will develop a tailored business growth plan to lead their business to its full potential.
– 30,000 places will be available over 3 years. The programme is 90% subsidised by government – participants will be charged £750.
Who is it for?
– UK businesses from any sector that have been operating for more than 1 year, with between 5 to 249 employees are eligible.
– The participant should be a decision maker or member of the senior management team within the business e.g. Chief Executive, Finance Director etc.

– Charities are not eligible.

Pay As You Grow

New Pay As You Grow facility will enable more flexible repayments on Bounce Back Loans for UK smaller businesses. The British Business Bank, the UK’s economic development bank, has announced further details of Pay As You Grow, which helps UK smaller businesses that have taken out a Covid-19 emergency Bounce Back Loan to manage their cashflow and have a better chance of getting back to growth. 

FCA Business Interruption Policy Checker and FAQ

Following the Supreme Court test case on a range of business Interruption insurance policies, the FCA has produced a Policy Checker which takes businesses through a process whereby they can check to see whether their insurance policy covers business interruption losses due to coronavirus. It should be noted that each claim will still need to be individually considered to determine whether the policy provides cover for the effects of coronavirus. Policyholders will need to check:

– the extent of their cover including how long it covers them for (length of their indemnity period)
– what losses are included – such as loss of profit, fixed costs or increased costs of working
Additionally, the FCA had also developed a FAQs which gives business further information on:
– How to make a claim
– The disease clauses in policies
– What to do if they have already made a claim or complaint

– What they can claim for. 

Support Finder Tool

The Government has launched a support finder tool which can be useful for businesses directing employees to individual support which may be available from government on paying rent, mortgage, financial support, self-isolating, mental health and wellbeing or more general concerns about Covid.

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