D2N2 Growth Hub to Receive Cut of £20m in Grants to Boost Small Business Recovery

The Government has announced a support package of £20m 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 £1k - £5k 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.

"These additional grants are welcome news to support some of our local businesses to recover from the impacts of the Covid pandemic. Whilst there is a finite amount of funding to give out, the scheme will help businesses to become more resilient for the future by allowing them to source external advice or implement new technology to diversify their operation in response to COVID 19.”

- Chris Pook, D2N2 Growth Hub Manager

The expectation is for the scheme to be available late September. 

Interest in this announcement has been high, we are no longer collecting registration of interest through this page.

We are expecting that once the formal guidance and application process has been agreed it will feature on this page. We suggest you continue to monitor this content to keep up to date.

More information on other sources of grant funding and the support available to apply can be found here.

 

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