If you didn’t know already, the government back at the end of last year announced a new £20M grant scheme to help small and medium sized enterprises (SMEs) as part of a whole host of measures to try and help support businesses through this ongoing Coronavirus pandemic.
The plans that were outlined in the funding was around giving grants of between £1,000 and £5,000 to allow businesses across England to be able to access new equipment and technology as well as any other specialist advice that was required to allow them to not only adapt but also to recover and rebuild their business. It is important to note that the grants can be used to seek advice around areas such as technology and IT.
Furthermore, there is no catch with this scheme as businesses will not need to contribute financially to this whilst claiming the funding. This funding will be distributed out to businesses via the Local Enterprise Partnerships (LEPs) which currently consists of around 38 members, with each of these LEP areas being given a pot with a minimum of £250,000 to put together a grant programme.
The funding is being used to allow businesses to address urgent needs and these grants must be handed out by 28 February 2021 and all activity must be finished by 31 March 2021.
Even though the deadlines above are fast approaching, it is important to note that the government is also constantly reviewing the situation and may decide to extend or increase the grants available to businesses.
If you want to find out how to apply for the above grant, you will need to go to the following link.
How can Advantage help your business
If you are a small and medium sized enterprise that has been given the above grant and is looking to get setup for remote working, requires dedicated IT support or needs any other services around your CRM, ERP or IT systems then please get in touch with our team of experts today to discuss exactly what you need!
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