Full applications open for Small Business Recovery 100% Grant9 September 2020
Businesses in Leicester and Leicestershire are being given a boost in their fightback from the effects of the coronavirus as the Business Gateway Growth Hub launches the Small Business Recovery Grant. The 100% grants, totalling just over half a million pounds, will help local companies directly respond to the impact of the pandemic.
The Growth Hub has been awarded £568,313 from the Government to support small and medium-sized enterprises (SMEs) in an effort to boost recovery of the economy by providing funds to adapt their business following the crisis.
Grants from £1,000 to £3,000 are available covering 100% of costs which can be used for:
- 1-to-1 advice such as accountancy, legal, HR, health & safety, IT or sector specialists; or
- purchase of minor equipment to adapt processes (e.g. wash station, handsfree thermometer); or
- to adopt new technology to continue to deliver an activity or diversify in response to the virus (e.g. contactless payment systems, web development, hardware to support remote working).
Due to the limited pot of funding grants will be awarded on a first-come-first-served basis subject to the submission of a full application and supporting documentation. SMEs in all sectors, including tourism can apply for this grant which is available to support immediate needs. Applications are open until 30 September, unless the funding allocation is committed prior to this date. All projects must be completed and claim their grant by 28 February 2021.
Neil McGhee, Chair of the Business Gateway Growth Hub Board, said: “We know this is a small pot of funding but we hope it will give some of our local businesses access to support they might not have otherwise had, particularly, if they are struggling in a specific area of the business due to loss of income or customers, changes to working practice or a reduced workforce.”
He added: “If you’re not successful with this grant we can also signpost you to other grants or finance available through local and national providers.”
Businesses interested in the Small Business Recovery Grant should complete an application form and provide full supporting evidence.
The Business Gateway is also offering free webinars on ‘How to submit a successful grant application’ to support businesses that are not familiar with the process of applying for a grant. Webinars are planned for:
The Business Gateway Growth Hub is part-funded by the European Regional Development Fund and run in partnership with Leicester City Council, Leicestershire County Council, East Midlands Chamber (Derbyshire, Nottinghamshire, Leicestershire) and the Leicester and Leicestershire Enterprise Partnership Limited (LLEP).