Close form

New business grants available to boost recovery for small and medium sized businesses

6 August 2020
Gavin Hooker
COVID-19, Payroll, People

The minister for Regional Growth and Local Government announced £20 million of new funding to help businesses across England get back on track!

Small and medium-sized businesses will have access to grants of between £1,000 and £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.

What do these grants cover?

There is currently limited information available about these grants, but ultimately businesses will be able to use these new grants to pay for the expertise, equipment, and technology they need to adapt, recover and rebuild.

If you need to adopt new technology, such as Cloud accounting, or need other specialist advice, then these grants could help your business.

The funding is being provided to address immediate needs and all grants must be awarded by 28 February 2021 and all activity fully completed by 31 March 2021.

How do I make a claim?

The support will be fully funded by the government and will be distributed through Growth Hubs embedded in local areas across England. Eligible businesses are advised to contact their local Growth Hub for details of how to access support through the scheme.

The website and contact information for each Growth Hub can be accessed via The LEP Network.

The scheme is yet to open to applications and further details on the eligibility process and claims system will be provided in due course. We will provide more detail on these grants as more information is published.

We are here to support your business, if you have any concerns please call us or email Mark or Andrew.

The content in this blog is correct as at 06/08/2020. See terms and conditions.

Similar articles

lady holding young girl
18 October 2021

Is a family investment company tax efficient?

When your loved ones are seriously ill understandably the last thing you want to think about is anything to do with finances. However it is worthwhile knowing that in cases where a spouse or civil partner is terminally ill there could be an opportunity to save large amounts of tax by passing property in a tax efficient manner.

Person-holding-candle
15 October 2021

Death Bed Tax Planning – is it worthwhile?

When your loved ones are seriously ill understandably the last thing you want to think about is anything to do with finances. However it is worthwhile knowing that in cases where a spouse or civil partner is terminally ill there could be an opportunity to save large amounts of tax by passing property in a tax efficient manner.

orange digger
1 October 2021

Why you should buy new business equipment by the end of 2021

The AIA limit is set to reduce to £200,000 from 1 January 2022. Whereas this limit will still be sufficient for most businesses, there is a significant minority who spend more than £200k each year on new equipment who might be impacted by the change and should consider bringing forward capital asset purchases.

Our 3 step risk-free guarantee puts your mind at rest and keeps us on our toes!

FIND OUT MORE
byrant house at night office

Book Your Discovery Meeting

Are you hungry for success? If you run a small to medium size business and you want to grow your sales, increase profitability and pay less tax then you have come to the right place.