Small businesses to benefit from £20m of new grant funding
Simon Clarke, MP the Minister for Regional Growth and Local Government unveiled plans yesterday, 30 July 2020, to help smaller businesses in England recover from the effects of the coronavirus pandemic.
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 to help them adapt, recover and rebuild. The support will also extend to professional, legal, financial or other advice.
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.
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.
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