University of Surrey launches SME Grant & Equity Schemes

University of Surrey Grant Scheme

The 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.

For more information about thie grant scheme, please do visit the University of Surrey website.

University of Surrey Equity Investment Scheme

The University of Surrey COVID-19 SME Equity 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 unable to raise investment due to COVID-19 situation.

We have a total funding pot of £150,000. The University of Surrey Seed Fund Ltd will subscribe to purchase new shares valued at no more than £30k in each individual company. We may re-evaluate this initial position once we have assessed demand from members of our ecosystem.

We expect that the need will exceed the funds available and therefore, we are asking SMEs to apply for the equity investment using this form.  Applications will be assessed against the criteria outlined in the next section and final decisions will be made by the University Seed Fund Ltd.  Priority will be given to companies that are not able to receive financial support from the Government or whose current equity investment raising activities have been negatively affected by the pandemic.

Aid will be granted under the State Aid de minimis scheme.  Where SMEs have already exceeded their allowance, aid can be granted under the Temporary Aid scheme. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_527.

For more information about the equity scheme, please do visit the University of Surrey website.

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