UK Government announces more grants for small businesses to support COVID-19 recovery
The UK Government has announced £20 million of new funding to support small businesses as they recover from COVID-19.
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.
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. The funding has been allocated to Growth Hubs within each LEP area in line with the current ERDF Programme.
More information as well details of the funding allocated to each Growth Hub can be found at:
https://www.gov.uk/government/news/20-million-in-new-grants-to-boost-recovery-of-small-businesses
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