Terms and Conditions

Please ensure that you read and understand these Terms and Conditions of the Digital Accelerator Scheme before signing and submitting an application. By accepting the declaration, you are confirming that you understand the full terms and conditions of this scheme.

Acceptance onto the scheme does not guarantee automatic receipt of grant funding. The grant can only be applied for when both masterclass workshops have been completed, the Digital Growth Plan has been completed in a 1:1 workshop and an application has been deemed satisfactory by the panel.

Grant applicants will need to outline their business vision, goals and strategy as well as state what they intend to spend the grant money on and what tangible outcomes they expect to achieve as a result of the grant funding.

No prior commitment to suppliers should be undertaken prior to the grant award being confirmed. Any costs that have been incurred or committed to prior to the grant approval date will not be eligible for grant support.

Your preferred supplier(s) must be the one(s) that you will use as the grant will be awarded on the basis of these suppliers. Any request to change suppliers once the grant has been awarded will need to be submitted to the programme coordinators at the University of Lincoln in writing and be accompanied by the replacement quotation obtained from the new supplier. The request to change the supplier must be approved by the programme coordinators at the University of Lincoln, in writing, prior to a new supplier being appointed.

Full details of the amount of the grant award will be outlined in your grant offer email. Please note that whilst the grant amount can decrease due to lower costs, it cannot be increased once confirmed, despite what the final cost amounts may be.

The funding can be used as a contribution to a larger project where the applicant funds any remaining costs over the funding award, with no requirement to provide match funding.

A panel of judges will assess each grant application form and determine whether grant funding will be awarded. There will be no right to appeal, and businesses will be signposted on to other support schemes that are available. 100% of the grant funding will be provided after the applicant is successful at panel, which is planned for 15th February, 2022.

Grants will be allocated according to the impact that the grant is likely to have on the business, rather than on a first-come, first-served basis.

By accepting this grant, you are confirming that the grant will be used to meet the costs of the investment as per the quotation(s) that you have provided to support his application, and that no other public funding has been received to support the value of the project costs applied for.

Should the costs of the items purchased be of a lesser value to the value of grant funding paid to you, the University of Lincoln and City of Lincoln Council reserve the right to reclaim any difference in value.

If successfully awarded the grant, you will be required to provide copies of your business bank statement(s) and supplier invoice(s) to show the payments made, within 3 months of your acceptance to the programme. Failure to do so may result in claw back.

The University of Lincoln and the City of Lincoln Council will not accept deliberate manipulation and fraud. Any business caught falsifying their records to gain grant money will face prosecution and any funding issued will be subject to clawback.

Eligibility Criteria

The Digital Accelerator Scheme is a programme administered by the University of Lincoln in association with the City of Lincoln Council. In order to be eligible for the Scheme, businesses must be:

  • New, start-up or early stage businesses.
  • Trading for less than 24 months.
  • Based within the City of Lincoln.
  • Impacted by the Covid-19 pandemic.
  • Able to commit to the workshop and 1:1 sessions that form part of this programme.

Expression of Interest

Expressions of Interest will be processed on a first come, first served basis. All Expressions of Interest must be received by no later than 23:59 on 3rd December, 2021. Failure to submit an Expression of Interest by this time will result in your failure to be considered for this scheme.

All Expressions of Interest are expected to have been reviewed by 7th December, 2021.

Applications

Applicants will receive an email notification which clearly confirms that they have been either successful or unsuccessful. Successful businesses will be emailed a longer application form along with guidance and information to help them complete the form.

The application form should be completed and returned by no later than 23:59 on Sunday 9th January, 2022.

The declaration must be signed by:

(a) The applicant(s) in his or her or their personal capacity;

(b) Where the declaration is being signed on behalf of an incorporated body, such as a limited company

i. All partners, or directors of the incorporated body; or

ii. A partner or director of the incorporated body who is authorised to sign on behalf of the incorporated body; or

(c) Where the application is being signed on behalf of an unincorporated body

i. All partners, trustees, or an officer of an unincorporated body; or

ii. A partner, trustee, or officer who is authorised to sign on behalf of the unincorporated body

Subsidy Declaration

The United Kingdom is bound by its international commitments, including subsidy obligations set out in the Trade and Cooperation Agreement (TCA) with the EU.

On Thursday 4 March new subsidy allowances were established for the business grants schemes. There are three subsidy allowances for this scheme set out below:

COVID-19 Business Grant Allowance:

Where the Small Amounts of Financial Assistance Allowance has been reached, grants may be paid in compliance with the Principles set out in Article 3.4 of the TCA and in compliance with Article 3.2(3) of the TCA under the COVID-19 Business Grant Allowance (subsidies granted on a temporary basis to respond to a national or global economic emergency). For the purposes of these scheme rules, this allowance is £1,600,000 per single economic actor. This allowance includes any grants previously received under the COVID-19 business grant schemes and any State aid previously received under Section 3.1 of the European Commission’s Temporary Framework across any other UK scheme. This may be combined with the Small Amounts of Financial Assistance Allowance to equal £1,935,000.

COVID-19 Business Grant Special Allowance:

Where an applicant has reached its limit under the Small Amounts of Financial Assistance Allowance and COVID-19 Business Grant Allowance, it may be able to access a further allowance of funding under these scheme rules of up to £9,000,000 per single economic actor, provided the following conditions are met:

  • The Special Allowance covers only the applicant’s uncovered fixed costs (costs not otherwise covered by profit, insurance or other subsidies) incurred during the period between 1 March 2020 and 31 March 2022;
  • Applicants must demonstrate a decline in turnover during the eligible period of at least 30% compared to the same period in 2019. The calculation of losses will be based on audited accounts or official statutory accounts filed at Companies House, or approved accounts submitted to HMRC which includes information on the applicant’s profit and loss;
  • The grant payment must not exceed 70% of the applicant’s uncovered fixed costs, except for micro and small enterprises (less than 50 employees and less than £9,000,000 of annual turnover and/or annual balance sheet), where the grant payment must not exceed 90% of the uncovered fixed costs;
  • Grant payments must not exceed £9,000,000 per single economic actor. This allowance includes any grants previously received in accordance with Section 3.12 of the European Commission’s Temporary Framework;
  • Grants provided under this allowance shall not be cumulated with other subsidies for the same costs;
  • Applicants must be able to provide the necessary documentation to demonstrate it is eligible for funding under this COVID-19 Business Grants Special allowance.

If your business has reached its limit under the Small Amounts of Financial Assistance Allowance and COVID-19 Business Grant Allowance (£1,935,000), you are required to provide additional information to confirm eligibility under the Special Allowance to ensure eligibility to receive a grant.

Grants provided in excess of the Small Amounts of Financial Assistance Allowance may not be granted to applicants that were defined as an ‘undertaking in difficulty’ on 31 December 2019. In derogation to the above, grants can be granted to micro or small enterprises that were already in difficulty on 31 December 2019 provided that they are not subject to collective insolvency proceedings.

Undertaking Difficulty

Definition of an Undertaking in Difficulty

How is an Undertaking defined?

For the purposes of the rules on competition laid down in the Treaty an Undertaking is any entity engaged in an economic activity, regardless of its legal status and the way in which it is financed. The Court of Justice of the European Union has ruled that all entities which are controlled (on a legal or on a de facto basis) by the same entity should be considered as a single undertaking. For the sake of legal certainty and to reduce the administrative burden, this Regulation should provide an exhaustive list of clear criteria for determining when two or more enterprises within the same Member State are to be considered as a single undertaking. The Commission has selected from the well-established criteria for defining ‘linked enterprises’ in the definition of small or medium-sized enterprises (SMEs) in Commission Recommendation 2003/361/EC and in Annex I to Commission Regulation (EC) No 800/2008 those criteria that are appropriate for the purposes of this Regulation.

The criteria are already familiar to public authorities and should be applicable, given the scope of this Regulation, to both SMEs and large undertakings. Those criteria should ensure that a group of linked enterprises is considered as one single undertaking for the application of the de minimis rule, but that enterprises which have no relationship with each other except for the fact that each of them has a direct link to the same public body or bodies are not treated as being linked to each other. The specific situation of enterprises controlled by the same public body or bodies, which may have an independent power of decision, is therefore taken into account.

A ‘single undertaking’ includes, for the purposes of this Regulation, all enterprises having at least one of the following relationships with each other:

  • a) One enterprise has a majority of the shareholders’ or members’ voting rights in another enterprise;
  • b) One enterprise has the right to appoint or remove a majority of the members of the administrative, management or supervisory body of another enterprise;
  • c) One enterprise has the right to exercise a dominant influence over another enterprise pursuant to a contract entered into with that enterprise or to a provision in its memorandum or articles of association;
  • d) One enterprise, which is a shareholder in or member of another enterprise, controls alone, pursuant to an agreement with other shareholders in or members of that enterprise, a majority of shareholders’ or members’ voting rights in that enterprise.

Enterprises having any of the relationships referred to in points (a) to (d) of the first subparagraph through one or more other enterprises shall also be considered to be a single undertaking.

How is an Undertaking in Difficulty defined?

The definition under State Aid rules that should be used when assessing whether an undertaking constitutes an Undertaking in Difficulty is set out in the General Block Exemption Regulation (GBER), No 651/2014, Article 2, paragraph 18:

“‘Undertaking in difficulty’ means an undertaking in respect of which at least one of the following circumstances occurs:

  • (a) In the case of a limited liability company (other than an SME that has been in existence for less than three years or, for the purposes of eligibility for risk finance aid, an SME within 7 years from its first commercial sale that qualifies for risk finance investments following due diligence by the selected financial intermediary), where more than half of its subscribed share capital has disappeared as a result of accumulated losses. This is the case when deduction of accumulated losses from reserves (and all other elements generally considered as part of the own funds of the company) leads to a negative cumulative amount that exceeds half of the subscribed share capital. For the purposes of this provision, ‘limited liability company’ refers in particular to the types of company mentioned in Annex I of Directive 2013/34/EU (1) and ‘share capital’ includes, where relevant, any share premium.
  • (b) In the case of a company where at least some members have unlimited liability for the debt of the company (other than an SME that has been in existence for less than three years or, for the purposes of eligibility for risk finance aid, an SME within 7 years from its first commercial sale that qualifies for risk finance investments following due diligence by the selected financial intermediary), where more than half of its capital as shown in the company accounts has disappeared as a result of accumulated losses. For the purposes of this provision, ’a company where at least some members have unlimited liability for the debt of the company ’refers in particular to the types of company mentioned in Annex II of Directive 2013/34/EU.
  • (c) Where the undertaking is subject to collective insolvency proceedings or fulfils the criteria under its domestic law for being placed in collective insolvency proceedings at the request of its creditors.
  • (d) Where the undertaking has received rescue aid and has not yet reimbursed the loan or terminated the guarantee, or has received restructuring aid and is still subject to a restructuring plan.
  • (e) In the case of undertaking that is not an SME, where, for the past two years:
    • a. The undertaking’s book debt to equity ratio has been greater than 7.5, and
    • b. The undertaking’s EBITDA interest coverage ratio has been below 1.0.

Important:

A false or misleading statement made by the applicant may mean that approval will be revoked and any grant may be withheld or recovered;

This agreement is made directly between the applicant, City of Lincoln Council, and the University of Lincoln;

Full payment of goods and services remains the sole responsibility of the applicant.