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New grant funding for SMEs

11 August 2020

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The UK Government has announced a £20 million grant funding package to help SMEs recover from the coronavirus pandemic.

The grants will be between £1,000 and £3,000 (with the possibility of up to £5,000 for exceptional circumstances) and available to SMEs who can demonstrate they have been adversely affected by Covid-19.

The support will be fully funded by the Government with no obligation for businesses to contribute financially.  The monies can be used for specialist business advice or to adapt and adopt new technology to improve business performance.

Flight will be eligible for funding

The good news is that the grants can be used to offset the cost of Flight, our award-winning bespoke CRM & Workflow software. If this is of interest, we will help you access the grant funding, please get in touch.

You can do so by calling the office on 01772 823734 or emailing hello@bluewren.co.uk.

How to access the funding

The funding has been allocated to local Growth Hubs who are yet to define exactly how they will issue the grants.  The table below lists the funding allocation for each Growth Hub area and we have estimated how many businesses are likely to receive support. It will not be many, therefore, it is important to register interest as soon as possible to give yourself the best chance of receiving a grant.

If your business is based in Lancashire visit: https://www.boostbusinesslancashire.co.uk/news/coming-soon-business-recovery-grants-for-lancashire-firms/ and complete an expression of interest form. If your business is not based in Lancashire, contact your Local Growth Hub as soon as possible and ask how to be included in the selection process.

Funding Allocations

Local Enterprise Partnership Allocation Businesses
Black Country £425,975 213
Buckinghamshire Thames Valley £250,000 125
Cheshire and Warrington £391,240 196
Coast to Capital £250,000 125
Cornwall and Isles of Scilly £500,000 250
Coventry and Warwickshire £337,369 169
Cumbria £296,687 148
Derby, Derbyshire, Nottingham and Nottinghamshire £720,398 360
Dorset £250,000 125
Enterprise M3 £250,000 125
Gloucestershire £250,000 125
Greater Birmingham and Solihull £731,277 366
Greater Cambridge and Greater Peterborough £250,000 125
Greater Lincolnshire £507,928 254
Greater Manchester £1,049,321 525
Heart of the South West £423,544 212
Hertfordshire £250,000 125
Humber £357,993 179
Lancashire £1,118,161 559
Leeds City Region £972,127 486
Leicester and Leicestershire £408,785 204
Liverpool City Region £839,517 420
London £1,201,211 601
New Anglia £327,344 164
North East £1,833,503 917
Oxfordshire £250,000 125
Sheffield City Region £845,623 423
Solent £250,000 125
South East £627,724 314
South East Midlands £496,004 248
Stoke-on-Trent and Staffordshire £651,960 326
Swindon and Wiltshire £250,000 125
Tees Valley £928,629 464
Thames Valley Berkshire £250,000 125
The Marches £451,873 226
West of England £250,000 125
Worcestershire £250,000 125
York and North Yorkshire £250,000 125

 

More information

  • The funding is being provided to address immediate needs and all grants must be awarded by 28 February 2021 and all activity fully completed by 31 March 2021
  • https://www.gov.uk/government/news/20-million-in-new-grants-to-boost-recovery-of-small-businesses
  • Ineligible sectors include fishery and aquaculture, primary production (e.g farming) processing and marketing of agricultural products, the coal, steel and shipbuilding sectors, synthetic fibres sector, establishments providing generalised (school age) education, banking and insurance companies/brokers and nuclear related activity

Time to do more with less

The COVID-19 crisis has presented you with a once in a lifetime opportunity to transform your business into something more resilient, productive and profitable. You now need to do more with less.

We have the expertise and the software to help you. So, if you would like to discuss how we can help, please don’t hesitate to get in touch. You can do so by calling the office on 01772 823734 or selecting one of the options below:

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