The Cambridgeshire and Peterborough Combined Authority (CPCA) have established a COVID-19 Micro Capital Grant Scheme, to provide grants of up to £5,000 to sole traders and employers with no more than 5 full-time equivalent (FTE) employees.
To access the funding set out across Cambridge, South Cambs, Huntingdonshire, Peterborough, East Cambs and Fenland, both the applicant and the project must be eligible.
Eligibility for COVID-19 Micro Capital Grant Scheme
To be eligible, you must:
- have no more than 5 FTE employees;
- turnover less than €46m;
- be a sole trader or small business;
- operate within the eligible catchment area; and,
- be applying for funding against an eligible project.
The funding can only be applied to the outright purchase of capital equipment, including that already purchased between January-April 2020.
Equipment being purchased using Hire Purchase, Lease Purchase or any type of Credit Sale will not be eligible.
From what we know so far, the application takes less than 10 minutes to complete but you will need to have your accounts ready to upload as supporting evidence.
Your local authority should contact you, following your submission.
You can check your eligibility and apply for a grant here.
Information correct at time of writing (15/05/2020). Please keep an eye on our dedicated Coronavirus page, for the very latest news as we endeavour to cover the key issues affecting you and your business at this time. More information and advice is available on the Gov.uk website.