£20 million in new grants to boost recovery of small businesses
£20 million new funding to help smaller businesses recover from the effects of the coronavirus pandemic.
Thousands of smaller businesses in England are set to benefit from £20 million of new government funding to help them recover from the effects of the coronavirus pandemic, the Minister for Regional Growth and Local Government has today (30 July 2020) announced.
Small and medium sized businesses will have access to grants of between £1,000 - £5,000 to help them access new technology and other equipment as well as professional, legal, financial or other advice to help them get back on track.
It comes on top of an unprecedented package of Government support to help businesses to recover, including the £2 billion Kickstart Scheme which will create hundreds of thousands of new, fully subsidised jobs for young people across the country, as well as £1.6 billion invested in scaling up employment support schemes, training and apprenticeships to help people looking for a job.
Minister for Regional Growth and Local Government, Simon Clarke MP said:
We have always said that we would stand behind our businesses and communities as we rebuild following the coronavirus pandemic. This new funding does exactly that.
Businesses will be able to use these new grants to pay for the expertise, equipment and technology they need to adapt, recover and rebuild.
Small and medium sized businesses are the beating heart of communities; they provide employment and contribute significantly to local economies and we are determined to give them the support they need to continue to thrive.
Today’s announcement builds on a £10 million package announced by the Minister earlier this month to help to kickstart the tourism industry and support the visitor economy.
The support will be fully funded by the government from the England European Regional Development Fund and distributed through Growth Hubs, embedded in local areas across England.
How do I find out more?
We are working with the Government to have this scheme up and running by mid to late August. In the meantime, if you would like to be kept informed please email us your details and we will contact you when more information is available.
Email us your:
- Name
- Business name
- Telephone number
- Email address to
[email protected]
Please note this is not an expression of interest, this is to receive notification when the scheme opens. Please also check our social media feeds and website regularly to ensure you are aware of the most recent information and avoid any issues with spam filters/non delivery of emails.
By sending us your details you are consenting to them being added to our database so we contact you about the grant scheme. We will then delete your details, unless you would like further support from the Growth & Skills Hub.
We will store your information for no longer than 6 months and will not share your details with 3rd parties, unless you are successful in applying for a grant, or become a Growth & Skills Hub client, in which case the relevant data retention rules will apply.
Small and medium sized businesses are the beating heart of communities; they provide employment and contribute significantly to local economies and we are determined to give them the support they need to continue to thrive.
