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News & Stories > NEW: High Peak Innovation Community Enterprise Grant

NEW: High Peak Innovation Community Enterprise Grant

Active Derbyshire, Funding, News

Grants are available to existing or new community enterprises which engage in the High Peak’s plan to engage in trading activity. Community enterprises may include not for profit community businesses, co-operatives and social enterprises.

Organisations that are not primarily involved in trading activity should consider applying for the Peak Innovation Community Infrastructure grant.

The purpose of this Enterprise grant is to promote the growth of existing community enterprises and the creation of new social enterprises (not for profit).  The emphasis should be on innovation in the sector through new and improved ways of working.

You should also consider how your project contributes to net zero/High Peak Borough Council’s Climate Change Action Plan and national nature recovery objectives.

The expected deliverables from this grant will include:

  • Jobs created.
  • Jobs safeguarded.
  • New social enterprises created.
  • Enterprises with improved productivity.
  • Enterprises adopting new technologies or processes.
  • Enterprises adopting new or improved products or services.

Evidence must be provided that the activity supported will be additional to what was previously delivered or planned.

Minimum grant = £2,000 (project cost at least £2,500).

Maximum grant award per organisation = £40,000 (project cost at least £50,000).  The maximum grant rate is 80% which means that enterprises must find 20% of funding for the project from other sources.

The total funding available for this programme for the High Peak area is £74,989 for revenue items and £284,011 for capital items.

Applicants will be expected to work with Enterprise Support Alliance – email enquiries@enterprisesupportalliance.com who have been appointed to assist enterprises with their business plans and advise on grant applications. 

High Peak CVS can also provide advice and support.

Eligible items may include:

  • Capital items.  Lasting assets such as a building improvements or equipment.  You must spend grants on assets such as a building or equipment which are expected to be used for a period of at least one year. This may include enhancements to existing assets which:
  • Significantly lengthen the life of the asset.
  • Significantly increase the value of the asset.
  • Significantly increase usefulness of the asset.
  • It will not include minor repairs and routine maintenance.
  • Labour costs can only be funded if they are contributing directly to creating the assets e.g. builders, IT developers.
  • Architect’s fees of up to 10% and VAT may be added to the costs of eligible works provided that the professional also supervises the works on site.
  • Revenue items – such as IT systems, marketing, consultancy.

All successful project applicants must have completed their project, spent and claimed all of the grant by 31st March 2025, at the latest.

Applicants will be paid in arrears for the work on completion.

Applications are now open and will remain open until 31/1/2025 or until the funding is depleted.

Click here for further information.