Funding calls have not yet commenced.
How much funding is available?
- Funding is available between £5,000 – £20,000 for an investment project.
- Funding awarded will be worth 70% of the total value of an investment project.
- All DTFF supported projects require a matched co-investment from Applicant Companies at a minimum of 30% of the overall project costs.
Funding levels
Grant funding levels are effectively the minimum and maximum of funding levels that could be awarded to a successful company. Whilst these are the funding caps, they are not applicant project caps, with potential for businesses to deliver projects of greater financial scale, in which circumstances their financial contribution would exceed the match funding requirements of 30%.
Minimum Fund | Maximum Fund | |
Funded Value | £5,000 | £20,000 |
Total Project value | £7,142.86 | Minimum of £28,571.43 |
Match funding required | £2,142.86 | £8,571.43 |
- The minimum value of funding available to applicants is £5,000 ex VAT (total project value £7,142.86).
- The maximum funding available is £20,000 ex VAT with a minimum total project value of £28,571.43.
- There is no upper limit to the total project value, but maximum funding remains at £20,000 ex VAT.
Funding will not be provided until the Digital Transformation Project has been completed, applicants have paid their chosen supplier and made a claim to DTFF with supporting information.
When will the funding calls open?
Once the programme goes live anticipated funding calls will open in tranches throughout the year.
Applicants who register for DTFF assistance and who are offered funding are able to indicate which tranche of funding they would like to access. This is particularly helpful for those who wish to access the funding but are looking to commence their project at a later date.
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