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Businesses Set To Benefit from £20m Worth of New Government Grants

Posted 2 months ago

Businesses Set To Benefit from £20m Worth of New Government Grants
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Small businesses in England are set to benefit from £20 million of new funding in the government’s latest efforts to help firms recover from the impact of the coronavirus pandemic. 

Small and medium-sized businesses will have access to grants of between £1,000 to £5,000 to help them access new technology and other equipment as well as professional, legal and financial advice to get them back on track. 

The announcements comes after a package of Government support to help businesses recover, including the £2bn Kickstart scheme which is believed will create hundreds of thousands of new, fully subsidised jobs for young people across the country, as well as £1.6bn invested in scaling up employment support schemes, training and apprenticeships to help people looking for a job. 

The 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.”

The funding being provided to businesses is supported by the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020.

Author: Sacha Bright & Oliver Murphy

Disclaimer

To the best of our knowledge, the information we have provided is correct at the time of publishing. Sacha Bright is not a solicitor or accountant and we recommend that you seek professional advice on any topic discussed. Nextfin is not liable for any damages arising from the use of or inability to use this site or any material contained in it, or from any action taken as a result of using the site. 

Tagged: sme coronavirus business raising funds alternative finance news



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