£20m of new grants for small businesses!

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 through professional advice – including guidance from accountants!

The scheme will dispense grants of between £1,000 – £5,000 to small and medium-sized businesses from an overall fund of £20m to help them access professional services advice from accountants, HR experts and lawyers, as well as purchase new technology and equipment.

Interested parties can access the funding – provided by the England European Regional Development Fund – as part of the European Structural and Investment Funds Growth Programme 2014-2020, through 38 growth hubs within their Local Enterprise Partnership (LEP) area. Each LEP has been awarded a minimum of £250,000 to get the programme rolling.

The growth hub network works alongside local, national, public and private sector partners such as universities, Chambers of Commerce and the Federation of Small Business to coordinate and connect local business to the support they need. 

The growth hub for our area is Coast to Capital: 

https://www.c2cbusiness.org.uk/member/andpound20-million-in-new-grants-to-boost-recovery-of-small-businesses.html    

If you head to their website you will their Expression of Interest form is available to submit online for funding.

The scheme is the latest round of government-funded support designed to help businesses survive, thrive and ultimately flourish through the worst economic downturn in 100 years.

If you have any questions about how to go about applying for funding you can call us on 01243 782 423 or head to our contact form!