The government has announced £20m of Covid-19 support funding to help smaller businesses to recover from the Covid-19 pandemic. This includes grants for accountancy advice. Small and medium sized businesses will have access to grants of between £1,000 – £5,000. This money will help them access new technology and other equipment in order to continue to deliver business activity or diversify. The grants can also be used to businesses access specialist professional advice such as HR, accountants, legal, financial, IT and digital expertise.
The government’s ongoing aim is to help business get back on track.
Activities supported through the £20m can include one-to-many events providing guidance to respond to coronavirus.
The nature and value of grants awarded will be tailored to local circumstances. The amount available to each business will typically be up to £3,000. Under certain circumstances, and on a case-by-case basis, grants of up to £5,000 may be awarded.
The funding is being provided to address immediate needs for Covid-19 support. However all grants must be awarded by 28 February 2021 and all activity fully completed by 31 March 2021.
A minimum of £250,000 will be granted to regional Growth Hubs in each area.
Funding information here
Details of all Growth Hubs here
Read more of our recent Covid support articles here:
If you need any advice on eligibility or application please call us on 01785 243276 we will be happy to help.