Once your application for RSA has been approved and agreed, you will be allocated a grant manager. Your appraisal executive and grant manager will work closely together, particularly in the early stages of the project.
The grant manager will issue an offer letter which clearly sets out all the conditions of your grant. Your offer letter is a legal document and it is vital that you read it carefully before signing and returning a copy to your grant manager who will be available to answer any queries.
How will I receive my grant?
Grants up to £50,000 will usually be paid in a single payment. Those over £50,000 will be paid in two or more instalments. Payments will only be made after you meet agreed capital expenditure, employment triggers, funding requirements and any other non-standard conditions, which your appraisal executive will have discussed with you.
Your offer letter will clearly set out all installments of your grant. Your grant manager will guide you through the claims procedure and issue a claim form, which you must complete to access your instalments.
Multiple grants
We encourage companies to take a 2-3 year view when considering a project to avoid having multiple live grants but it is possible to have more than one live RSA offer at a time. Many companies apply for a second or third grant as, often, their first RSA grant enables them to properly establish their business while a second grant enables them to take it to a higher level.