Weekly Update 25 May 2021
In this CavanaghKelly update, we highlight that the deadline is approaching for the Supply Chain Resilience Development Framework, an Invest NI scheme which will help companies improve their supply chain resilience and competitiveness following COVID-19 and EU Exit. We also highlight upcoming EU Exit advice webinars delivered by Invest NI and InterTradeIreland.
COVID-19
Closing this Week – Supply Chain Resilience Development Framework
The COVID-19 Supply Chain Resilience and Development Framework (SCRDF) has been developed to support businesses in improving their supply chain resilience and competitiveness following COVID-19 and EU Exit.
SCRDF provides a 3-step graduated framework of support for eligible businesses, primarily providing specialist advisory support to help identify supply chain risks and mitigations, identify supply chain opportunities and develop supply chain capability.
SRCDF is open to manufacturers and internationally tradeable services which meet the following criteria:
- Based and operating in Northern Ireland
- Manufacture products or provide internationally traded services
- Have a total supply chain spend of at least £100,000 in the 2019/2020 financial year
- Can demonstrate that your supply chain has been negatively impacted by COVID-19 or EU Exit
- Can demonstrate your business has, or will, reach a turnover of £250,000 per annum in the next five years, and achieve at least 25% of those sales outside of Northern Ireland; or be an existing Invest NI customer
- Be able to complete a State Aid declaration, if financial support for a new key supply chain worker is determined.
For further information on the scheme and how to apply, click here.
Applications close on Friday 28 May 2021 at 5pm.
InterTradeIreland Emergency Business Solutions
This scheme has been created to help cross-border companies to address key business challenges related to COVID-19. The scheme provides eligible businesses with £2,000 in funding, which can be used by new and existing CavanaghKelly clients, to help cover the cost of professional advice and guidance on navigating your business through these difficult times.
For further information on the scheme, click here.
We would encourage clients to apply as soon as possible, as this scheme is likely to close soon.
EU Exit
EU Settlement Scheme and Immigration Advice Webinar
As part of Invest NI’s EU Exit webinar series, this webinar will focus on the EU Settlement Scheme and provide immigration advice for businesses. The webinar is taking place on Wednesday 26 May 2021 from 10am to 4pm, ahead of the application deadline for the EU Settlement Scheme on Wednesday 30th June 2021.
For further information on the webinar and to register online, click here.
InterTradeIreland Brexit Advisory Service Customs Q&A
InterTradeIreland’s Brexit Advisory Service is hosting a free online Q&A session, allowing businesses to ask questions to a panel of customs advisors and get clarity in relation to new Brexit trading rules.
To find out more information and register, click here.
The event will take place on Thursday 27th May from 10.30-11.30am.
Other Support
Industrial Energy Transformation Fund
The Department for Business, Energy and Industrial Strategy (BEIS), in collaboration with Innovate UK has launched competitive grant funding opportunities for feasibility and engineering studies and for the deployment of industrial energy efficiency projects.
Open to businesses in Northern Ireland, England and Wales, the competitive grant scheme will provide funding towards the cost of:
- Deployment of mature energy efficiency technologies that improve industrial process energy efficiency and reduce energy demand
- Feasibility and engineering studies for projects deploying mature energy efficiency technologies or deep decarbonisation technologies.
For further information on eligibility criteria and how to enter, click here.
The competition closes for entries on Wednesday 14 July 2021.
Creative Industries Fund – Fast Start Business Growth Pilot
UK registered micro and small businesses in the creative sector can apply for a support package to help their business grow. Supported by Innovate UK EDGE, selected projects could receive funding of up to £25,000 for innovation projects.
Projects must offer a clearly innovative and ambitious idea with a demonstrable impact to your businesses growth plan and be market ready within 12 months of receiving support.
To lead a project, your organisation must:
- Be a UK registered micro or small business
- Have not previously received funding from Innovate UK
- Be from the creative industries or support the creative industries
- Have a demonstratable ambition for growth
- Carry out its project work in the UK
- Intent to exploit the results from or in the UK
For further information on eligibility criteria and how to apply, click here.
The competition closes for entries on Wednesday 16 June 2021.
If you have any questions, contact us.
Whilst every effort has been made by CavanaghKelly to ensure the accuracy of the information here, it cannot be guaranteed and neither CavanaghKelly nor any related entity shall have liability to any person who relies on the information herein. Information given here is for guidance only. Detailed professional advice should be taken before acting on any information contained herein. If having read the guidance here, you would like to discuss further; a member of our team would be pleased to help you.