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More grant support on the way for businesses

The Hub News Team | 6.8.20

THESE GRANTS ARE NOT YET AVAILABLE - APPLICATIONS WILL OPEN IN DUE COURSE

Thousands of smaller businesses in England are set to benefit from £20 million of new government funding to help them recover from the effects of the coronavirus pandemic when applications open next month.

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Telford and Wrekin Council has submitted a bid on behalf of the partners in the Marches Growth Hub Project (Telford & Wrekin Council, Herefordshire Council, Shropshire Council and the Marches LEP) for further ERDF Grant Support for SMEs across the Marches to aid their Covid 19 recovery responses.

Grants of between £1k and £5k will be available to SME businesses to access external consultancy support or to purchase items of equipment to help get them back on track.

The grant pot will be split into two distinct pots; the first of around £450,000 will cater for the wider economy and a second, around £239,000 will specifically target those businesses in the tourism sector.

Subject to the application being successful, further details on how to apply will follow in due course. You can register your interest below.

Minister for Regional Growth and Local Government, Simon Clarke MP said: "We have always said that we would stand behind our businesses and communities as we rebuild following the coronavirus pandemic.

"This new funding does exactly that. Businesses will be able to use these new grants to pay for the expertise, equipment and technology they need to adapt, recover and rebuild.

"Small and medium sized businesses are the beating heart of communities; they provide employment and contribute significantly to local economies and we are determined to give them the support they need to continue to thrive."

Please contact the relevant area growth hub for your business in Herefordshire, Shropshire or Telford, to register your interest and please sign up for the Marches Growth Hub newsletter which will include full details on how to apply once the grant scheme is live.

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