Rapid Recovery Challenge

Improving access to jobs and money in the wake of COVID-19

What is the Rapid Recovery Challenge?

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. Applications open on Monday 14 September 2020 and close at 12pm (noon) GMT on 26 October 2020.

Why are we running the Challenge?

COVID-19 has created a huge economic shock, laying bare and exacerbating pre-existing problems for people on low incomes and in precarious work. Millions face severe threats to their job security and household finances, both immediately and in the longer term, and low-paid workers, people in insecure roles and those under 25 will be hit hardest.

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.

The Rapid Recovery Challenge aims to find, inspire and accelerate innovations relating to jobs and financial recovery that will support one million people across the UK.

Timeline of the Challenge (click and scroll to the right)

14 Sept 2020

Challenge launches

Applications open for the Challenge

26 Oct 2020

Applications close

Applications to the Challenge close at 12pm GMT

Dec 2020

Semi-finalist announcement

12 semi-finalists will be announced and receive £125k to develop their solutions further

Dec 2020-Apr 2021

Semi-finalist development phase

The semi-finalists will spend this time working on their solutions

May 2021

Finalist announcement

Six finalists will be announced and will receive £150k to further refine their solutions

May-Sept 2021

Finalist development phase

The finalists will spend this time refining their solutions further

Sept 2021

Winners announcement

Two winners of the Challenge will be announced and will receive £200k

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