If you have raised or are in the process of raising money for investment in repairs, we can match up to 50% of that with a LEEP grant.
How does it work?
We provide up to a 50% matching grant to an investment up to a ceiling of $60,000 USD (though the SME could be spending more than this).
1- Essential Grant:
The first 20% match is to be spent on assets. We reimburse the SME when they provide us with quotations, receipts and proof of purchase. The SME also receives up to 10 sessions of business development consulting from a qualified provider to help them make the most of the investment/improve their business practices/deal with the economic crisis.
2- Advanced Grant:
The rest of the grant is conditional on job retention. However, there are no conditions placed on what the SME does with this money.
* For investments below $42,000, if the SME sustains 1 job for 6 months under decent working conditions, it gets an additional 15% of the value of the investment, if the SME sustains 2 or more, it gets an additional 30%
* For investments of more than $42,000, if the SME sustains 2-3 jobs for 6 months under decent working conditions, it gets an additional 15% of the value of the investment, if the SME sustains 4+ jobs, it gets an additional 30%.
We will count the period during which the SME is undertaking repairs and reconstruction towards the 6 months employment retention period under the condition that they continue to pay wages to the employees.