D2N2 Growth Hub to receive cut of £20 million in grants to boost small business recovery

Friday 7 August 2020 D2N2 Growth Hub to receive cut of £20 million in grants to boost small business recovery

 

The Government has announced a support package of £20 million specifically aimed at SMEs to help them recover from the effects of the Coronavirus pandemic. The funding will come in the form of a grant from between £1,000 - £5,000 which can be used to support one or a combination of the following activities:

  • Access to technology or new equipment in order to get back on track or diversify
  • Access to professional advice such as HR, legal or financial to aid business decision making and risk management

The D2N2 Growth Hub is currently working hard to finalise the application process for these grants and will provide further information on the eligibility criteria as soon as it’s available. EU procurement regulations will apply to this funding.

The expectation is for the scheme to be available at the end of August. If you would like this information when it is published please click here and complete the form.

More information can also be found here.