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To assist small businesses recover faster from the impact of Covid-19, the government has released further funding of £20m by way of small grants.

The Government announced the £20m of financial assistance on 30th July 2020, which will benefit small businesses in England to recover from the effects of the pandemic.

The grants aim to help small and medium sized enterprises (SME’s) access new technology, equipment, as well as professional, financial, legal or other types of advice and will be made in amounts of between £1,000 – £5,000.

The grants for small businesses is the latest announcement designed to help recovery, along with the employment support schemes and the Kickstart Plan to give young job seekers fully subsidised employment, training and apprenticeship to assist finding quality work.

Additional Details

  • Business owners are not required to give any contribution or match funding for the grant.
  • The financial support is distributed within each LEP area. See the allocation of each LEP area by the Growth Hub Funding.
  • The distribution will be evaluated as the funds are delivered with a minimum of £250,000 for each LEP area.