3 August 2020

£20m Government cash boost for small businesses

The Government has announced a new £20m funding stream to help small and medium sized businesses bounce back from the economic impacts of the coronavirus.

As part of the scheme, businesses will be able to apply for grants of between £1,000 and £5,000 to help them access specialist professional advice in key areas such as HR, accountants, legal, financial, IT and digital.

Businesses will also be able to use the investment to purchase minor equipment and new technology as they adapt to the challenges posed by the pandemic. The announcement follows an unprecedented package of Government support to help businesses to recover, including a £2bn kickstart scheme. In total, over £300,000 of Government cash has been allocated to the Humber LEP, who will administer the grants.

To apply, contact the North Lincolnshire Council’s Economic Growth team via businessinfo@northlincs.gov.uk to make an appointment with an adviser.

For more information on this Grant, you can visit the Humber LEP website.