The Government recently announced a new grant scheme that will be administered by the Local Enterprise Partnerships’ Growth Hubs – for us that’s the Coast to Capital Growth Hub.
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The funding to be allocated to the Growth Hubs within each Local Enterprise Partnership (LEP) will be a minimum of £250,000 for each LEP area.
Small and medium-sized businesses (SMEs) will be awarded 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.
The support is fully funded by the Government with no obligation for businesses to contribute financially.
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.
Eligible businesses are advised to contact their local Growth Hub for details of how to access support through the scheme.
Website and contact information for each Growth Hub can be accessed via The LEP Network.