What is the Rapid Recovery Challenge?
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. Read more about the Challenge’s partners here. Application opened on Monday 14 September 2020 and close at 12pm (noon) GMT on 26 October 2020.
If you have an idea, a solution, apply here.
If you have a question, get in touch by emailing email@example.com
Watch one of our information webinars to find out more:
Our webinars have now ended but the recordings can be viewed below.
Webinar 1 can be viewed here.
Webinar 2 can be viewed here.
Timeline of the Challenge
14 Sept 2020
Applications open for the Challenge
26 Oct 2020
Submit your application before midday GMT
12 semi-finalists will be given £125k to develop their solution
Dec 2020-Apr 2021
The 12 semi-finalists spend this time developing their solutions further
Six finalist teams will be announced and given a further £150k to refine their solutions
The six finalists will spend this time further developing their solutions
Two winners will be announced and awarded the final prize of £200k