IncomeMax listed as finalist in Nesta’s Rapid Recovery Challenge

Published by Scott Challinor on May 18th 2021, 8:08am

Social enterprise IncomeMax has been named among six finalists in Nesta’s Rapid Recovery Challenge.

The challenge is geared toward improving access to jobs and income for people affected by the Covid-19 crisis by financing digital solutions.

Based in East London, IncomeMax is a specialist in helping families access little-known and unclaimed benefits that they are entitled to, to ease their financial burden.

IncomeMax had been confirmed as one of Nesta’s 14 challenge semi-finalists back in December and awarded £125,000 to go towards solutions which will help low-income individuals and families access unclaimed support.

Now included as one of the finalists, IncomeMax will be awarded with a further £150,000 to scale up their digital platform.

The digital platform is geared toward bringing groups of people on low incomes together onto one forum and providing them with information about other income sources such as benefits, grant and other financial support they may be eligible for. The platform is also armed with a messenger tool, so that users can direct queries to expert IncomeMax advisers.

The investment from Nesta will help make the digital resource accessible to as many as 10,000 people in need of it by August 19.

Winning the competition would prove an immense boost for IncomeMax as it bids to make more money in unclaimed funds accessible to families in need, having already helped over 100,000 families bring in £30.5 million of new income.

Lee Healey, founder and CEO of IncomeMax, commented: “IncomeMax is thrilled to be chosen as a Rapid Recovery Challenge finalist and to continue to be part of a movement that is advocating for a new economy, one which helps humans and the planet to thrive. Throughout the Covid-19 crisis, we’ve seen just how important incomes are, and this funding will allow us to create a new impactful, digital channel to help even more vulnerable people maximise their income.”

Nesta’s two Rapid Recovery Challenge winners will be decided in September.

Share this article


Leaders of Great Britain

About Leaders of Great Britain

Leaders of Great Britain hosts a series of engaging events featuring prominent figures from the worlds of politics, sports, business, and entertainment. Our goal is for every attendee to leave these gatherings with profound leadership insights that transcend boundaries. Learn More.


Related Features


Authored By

Scott Challinor
Business Editor
May 18th 2021, 8:08am

Follow Us

Follow @LeadersGBNI on Twitter for more live updates

Share this article


Popular Features

FEATURES | Published May 10th 2024, 8:11 am

Lee Bovell: A Journey of Care and Management

© Copyright 2024, Leaders of Great Britain.