New grants announced to boost recovery of small businesses

The government has announced a new fund to support small and medium-sized businesses (SMEs) to access specialist advice to help further mitigate the impacts of COVID-19 to build in resilience or address potential new opportunities.

Leeds City Region Enterprise Partnership (LEP) has been awarded £1.8m to support businesses across the whole of West and North Yorkshire (Bradford, Calderdale, Kirklees, Leeds and Wakefield) and North Yorkshire (Craven Hambleton, Harrogate, Richmondshire, Ryedale, Scarborough, Selby and York).

Grants of between £1,000 – £3,000 will be available to help SMEs that have been directly impacted by the coronavirus pandemic, to access professional support covering digital, legal, HR, financial, health and safety or other consultancy advice and to purchase minor equipment to adapt or adopt new technology in order to continue to deliver business activity or diversify in response to COVID 19.

Grants will cover 100% of costs, excluding VAT. Once an application has been approved, businesses will be required to make the payment for the support or purchase and make a claim for the grant.

This scheme is not yet open for applications however business owners can complete a ‘register of interest’ form and they will be sent further information about the application process when it is available. Register today to ensure you receive the automatic updates

The scheme is funded by the European Regional Development Fund for England.

For more information visit: https://www.the-lep.com/business-support/covid-19-support-for-businesses/