1. About the Gap Grant Scheme
The GAP Grant Scheme is designed to assist business facing severe financial difficulty due to cash flow issues caused by Covid-19. GAP funding will additionally award business whom have an adaptation and growth plan that was impacted by Covid-19, having forecasted their business activity and market demands.
This GAP scheme will continue to safeguard businesses facing financial hardship, however will additionally encourage economic development and growth. Firms who can detail growth plan for their business will score extra points.
Grants will be offered at a minimum £10,000 and a maximum of £50,000.
Cash flow issues caused by business fixed costs will only be factored in from November 2020 up until 3 months from the point of submitting an application, restrictions depending.