Nesta: Rapid Recovery Challenge
Overview
With the UK officially in recession, economic recovery is now a major challenge. There is an urgent need to support people at risk of losing their livelihoods and financial security so that millions do not find themselves out of work, out of pocket and out of prospects.
Nesta’s Rapid Recovery Challenge will find and scale tools and services that improve access to jobs and money for people within the UK, focusing on those hardest hit by the economic shock resulting from COVID-19.
The £2.8 million Challenge is funded by Nesta, in partnership with JPMorgan Chase Foundation and Money and Pensions Service. Application opened on Monday 14 September 2020 and close at 12pm (noon) GMT on 26 October 2020.
Eligibility
To be eligible to apply and progress in the Rapid Recovery Challenge:
- Your organisation must be a registered entity (inclusive of businesses, charities, community groups and public bodies). However it is not required that you be registered specifically within the UK.
- Your proposed solution must directly benefit the UK population. However it is not required that it exclusively benefits the UK population.
- You may enter as a single organisation or as a partnership, however partnerships must nominate a lead organisation (that is a registered entity). Entries will not be accepted from individuals.
- You should (at minimum) have a well-functioning prototype of your solution that’s been piloted with at least 1,000 users.
- You must select which stream of the Challenge you are applying for: Job Recovery or Financial Recovery. However please note that you are able to separately enter into both streams and that solutions that involve elements of both streams are welcome.
If you have an idea, a solution, apply here. You can also see more information about assessment criteria and terms and conditions.
If you have a question, get in touch by emailing rapid.recovery@nesta.org.uk