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How Can I Claim A £5,000 Technology Grant?

Posted 1 months ago

How Can I Claim A £5,000 Technology Grant?
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The Government has announced a new £20m IT funding package to help small businesses get through the coronavirus pandemic.

Small and medium-sized businesses can access a small business technology grant between £1,000 and £5,000 to spend on new equipment and IT and professional advice.

The small business technology grant can be spent on the following:

  • Accountants
  • Financial
  • Human resources
  • IT and digital
  • Legal

The £20m worth of technology and support grants are being administered by the Government’s 38 regional growth hubs.

You can find the list of growth hubs where you apply for the new £1,000 to £5,000 small business technology grants here.

Regional growth minister Simon Clarke 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.”

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 entrepreneur news coronavirus raising funds



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