Tag Archive for Business Grants

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Where to find your £5,000 small business technology grant

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Originally written by Timothy Adler on Small Business
The Government has announced a new £20m IT funding package to help small businesses get through the coronavirus pandemic.
Small and medium-sized businesses can access a small business technology grant between £1,000 and £5,000 to spend on new equipment and IT and professional advice.
The small business technology grant can be spent on the following:

Accountants
Financial
Human resources
IT and digital
Legal

Or it can be used to buy minor equipment to adapt or adopt new technology in order to carry on trading or diversify during the COVID-19 pandemic.
>See also: You have just one month to claim up to £1.6bn in unspent grants
And the cash could also be used to stage events providing guidance to businesses responding to coronavirus.
Ironically, given the Government’s pro-Brexit stance, the money is coming through the last hurrah of the European Regional Development Fund, the EU fund which supports poorer regions.
The £20m worth of technology and support grants are being administered by the Government’s 38 regional growth hubs.
>See also: Rishi Sunak gives small businesses £2000 grants for young trainees
You can find the list of growth hubs where you apply for the new £1,000 to £5,000 small business technology grants here.
Regional growth minister Simon Clarke said: “We

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Rishi Sunak gives small businesses £2000 grants for young trainees

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Originally written by Timothy Adler on Small Business
UPDATED: Rishi Sunak will give small businesses £2000 grants per trainee if they take on young people for training schemes.
The scheme, which was announced today (Wednesday) as part of the chancellor’s economic Summer Statement, will throw ens of thousands of young people a lifebelt against the coming tsunami of post Covid-19 unemployment.
The Bank of England has predicted that unemployment will rise to 10 per cent this year, as employees are weaned off the Coronavirus Job Retention Scheme from August.
>See also: IR35 freelance tax changes will go ahead in April 2021 – are you ready?
Small businesses that offer training for young people aged between 16 and 24 will be given cash “bonuses” of grants worth £2000 per youth up to a maximum of £10,000 per firm.
This unpaid on-the-job training is seen as a gateway to an apprenticeship and, ultimately, full-time work.
The £111m scheme is the first-time small businesses will receive direct government subsidies for taking on trainees.
A Treasury spokesman said businesses would get a £2000 bonus payment “for every trainee they offer a work experience placement to”, and employers who were “new to providing trainees with work experience will also be eligible for the

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Hot Business News Today

Rishi Sunak gives small businesses £2000 grants for young trainees

by  •  • 0 Comments

Originally written by Timothy Adler on Small Business
UPDATED: Rishi Sunak will give small businesses £2000 grants per trainee if they take on young people for training schemes.
The scheme, which was announced today (Wednesday) as part of the chancellor’s economic Summer Statement, will throw ens of thousands of young people a lifebelt against the coming tsunami of post Covid-19 unemployment.
The Bank of England has predicted that unemployment will rise to 10 per cent this year, as employees are weaned off the Coronavirus Job Retention Scheme from August.
>See also: IR35 freelance tax changes will go ahead in April 2021 – are you ready?
Small businesses that offer training for young people aged between 16 and 24 will be given cash “bonuses” of grants worth £2000 per youth up to a maximum of £10,000 per firm.
This unpaid on-the-job training is seen as a gateway to an apprenticeship and, ultimately, full-time work.
The £111m scheme is the first-time small businesses will receive direct government subsidies for taking on trainees.
A Treasury spokesman said businesses would get a £2000 bonus payment “for every trainee they offer a work experience placement to”, and employers who were “new to providing trainees with work experience will also be eligible for the

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Where to apply for your coronavirus arts grant

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Originally written by Timothy Adler on Small Business
Arts Council England, Historic England, National Lottery Heritage Fund and British Film Institute are among the arts organisations tasked with assessing applications for the £880m worth of performing arts grant ring-fenced in the government’s £1.6bn coronavirus arts rescue package.
The rescue scheme will begin assessing coronavirus arts grant applications this month, and this page will be updated as information feeds through.
The £1.6bn arts rescue package, secured by culture secretary Oliver Dowden after weeks of studying the problems facing the arts sector, includes £880m of grants for the financial year to April 2021.
>See also: How to get the government’s £10,000 cash grant for small businesses
The £880m worth of grant money will be shared between theatres, music venues, heritage sites, museums, galleries and independent loans, will be supplemented by £270m worth of repayable loans.
In addition to the £880m worth of grants and £270m of repayable loans, other measures announced today for struggling arts organisations were:

£100m of targeted support for the national cultural institutions in England and the English Heritage Trust
£120m of capital investment to restart construction on cultural infrastructure and for heritage construction projects in England that were paused due to the coronavirus pandemic
An extra £188m

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Rishi Sunak gives small businesses £1000 grants for young trainees

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Originally written by Timothy Adler on Small Business
Rishi Sunak will give small businesses £1000 grants per trainee if they take on young people for training schemes.
The scheme, which will be announced this Wednesday as part of the chancellor’s economic statement, will tens of thousands of young people a lifebelt against the coming tsunami of post Covid-19 unemployment.
The Bank of England has predicted that unemployment will rise to 10 per cent this year, as employees are weaned off the Coronavirus Job Retention Scheme from August.
>See also: IR35 freelance tax changes will go ahead in April 2021 – are you ready?
Small businesses that offer training for young people aged between 16 and 24 will be given cash “bonuses” of grants worth £1000 per youth up to a maximum of £10,000 per firm.
This unpaid on-the-job training is seen as a gateway to an apprenticeship and, ultimately, full-time work.
The £111m scheme is the first-time small businesses will receive direct government subsidies for taking on trainees.
A Treasury spokesman said businesses would get a £1,000 bonus payment “for every trainee they offer a work experience placement to”, and employers who were “new to providing trainees with work experience will also be eligible for the payment”.
The chancellor

Read more...

Hot Business News Today

Where to apply for your coronavirus arts grant

by  •  • 0 Comments

Originally written by Timothy Adler on Small Business
Arts Council England, Historic England, National Lottery Heritage Fund and British Film Institute are among the arts organisations tasked with assessing applications for the £880m worth of performing arts grant ring-fenced in the government’s £1.6bn coronavirus arts rescue package.
The rescue scheme will begin assessing coronavirus arts grant applications this month, and this page will be updated as information feeds through.
The £1.6bn arts rescue package, secured by culture secretary Oliver Dowden after weeks of studying the problems facing the arts sector, includes £880m of grants for the financial year to April 2021.
>See also: How to get the government’s £10,000 cash grant for small businesses
The £880m worth of grant money will be shared between theatres, music venues, heritage sites, museums, galleries and independent loans, will be supplemented by £270m worth of repayable loans.
In addition to the £880m worth of grants and £270m of repayable loans, other measures announced today for struggling arts organisations were:

£100m of targeted support for the national cultural institutions in England and the English Heritage Trust
£120m of capital investment to restart construction on cultural infrastructure and for heritage construction projects in England that were paused due to the coronavirus pandemic
An extra £188m

Read more...

Hot Business News Today

Rishi Sunak gives small businesses £1000 grants for young trainees

by  •  • 0 Comments

Originally written by Timothy Adler on Small Business
Rishi Sunak will give small businesses £1000 grants per trainee if they take on young people for training schemes.
The scheme, which will be announced this Wednesday as part of the chancellor’s economic statement, will tens of thousands of young people a lifebelt against the coming tsunami of post Covid-19 unemployment.
The Bank of England has predicted that unemployment will rise to 10 per cent this year, as employees are weaned off the Coronavirus Job Retention Scheme from August.
>See also: IR35 freelance tax changes will go ahead in April 2021 – are you ready?
Small businesses that offer training for young people aged between 16 and 24 will be given cash “bonuses” of grants worth £1000 per youth up to a maximum of £10,000 per firm.
This unpaid on-the-job training is seen as a gateway to an apprenticeship and, ultimately, full-time work.
The £111m scheme is the first-time small businesses will receive direct government subsidies for taking on trainees.
A Treasury spokesman said businesses would get a £1,000 bonus payment “for every trainee they offer a work experience placement to”, and employers who were “new to providing trainees with work experience will also be eligible for the payment”.
The chancellor

Read more...

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Legal & General launches £6m grant fund – how to apply

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Originally written by Anna Jordan on Small Business
Legal & General (L&G) has announced a £6m grant fund for businesses focused on helping people to age in a healthy way.
An additional £6m is available through the role the firm has in The Industrial Strategy Challenge Fund from Innovate UK.
Eligible businesses that support products and services for people as they age can apply from today (11 June). The grants total between £50,000 and £1.5m.
Legal & General will work with Innovate UK, part of UK Research and Innovation, to divide the grants in a way that they see fit. Their aim is partner and invest in businesses which are focused on the themes below:

Sustaining physical activity
Maintaining health at work
Designing age-friendly homes
Creating healthy, active places
Supporting social connections
Living well with cognitive impairment
Managing common complaints of ageing

This initiative targets ‘scale up’ businesses who are looking for the next stage of their growth and into profitability.
Your company should have an existing top-tier management team, R&D investment, defensible intellectual property and customer traction in the form of meaningful revenue.
Eligible businesses can click here to apply for the grant
Successful applicants could benefit from potential further investment when the business continues to perform. On top of helping businesses scale with

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Revealed – 6 worst councils for handing out coronavirus business grants

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Originally written by Timothy Adler on Small Business
The government has released figures for the worst- and best-performing local authorities in England when it comes to handing out coronavirus business grants.
Birmingham, Luton, Sandwell in the West Midlands, Slough, South Oxfordshire and Tunbridge Wells are the worst performing local authorities, according to the Federation of Small Businesses (FSB).
Each of the six local authorities have only managed to pay out 11 per cent of their emergency coronavirus business grants allocation, totalling £408m between them.
>See also: How to get the government’s £10,000 cash grant for small businesses
Mike Cherry, national chairman of the FSB, said that some local authorities have only managed to get out between 10 per cent and 20 per cent of their total £12.3bn business support package. Any delay was “inexcusable”, he said.
The top three best-performing local authorities for getting the small business grants out are Winchester City Council, which has completely deployed its £29.2m funding allocation, Redcar and Cleveland Borough Council (98 per cent) and the London borough of Southwark (93 per cent).
Cherry added: “For many small businesses, access to these grants will decide the fate of their futures, and it’s excellent to see so many local authorities across England getting

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Wales announces £500m Economic Resilience Fund

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Originally written by Timothy Adler on Small Business
The Welsh government has announced a £500m Economic Resilience Fund, partly to help small businesses blighted by coronavirus.
The Economic Resilience Fund aims to plug gaps in the support schemes already announced by the UK government, including the Job Retention Scheme and the Self-Employed Income Support Scheme, which will guarantee 80 per cent of people’s wages and income.
>See also: How to get the government’s £10,000 cash grant for small businesses
The new £500m Economic Resilience Fund will support firms of all sizes, including social enterprises, with a focus on those which have not already benefited from the coronavirus business grants already announced by Welsh government.
The £500m Economic Resilience Fund is made up of two main elements:

A new £100m Development Bank of Wales fund will be available for companies experiencing cash flow problems as a result of the pandemic and will provide loans of between £5,000 and £250,000 at favourable interest rates
Businesses will also be able to benefit from a £400m emergency pot providing:
– Grants of £10,000 for micro-businesses employing up to nine people. This includes sole traders employing staff. Qualifying businesses will be able to apply by mid-April
– Grants of up to £100,000 for small

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