Small and micro businesses given a boost thanks to £1m grant fund
Following the Government’s announcement of a new top up grant to support those affected by Covid-19, the District Council received £1,035,000 to help businesses in NK to continue trading in line with government guidance, when safe to do so.
The discretionary grant fund is now closed and all businesses have been contacted regarding the outcome of their application.
In total 127 businesses will benefit from the grants. The fund has supported small and micro businesses that were not eligible for support under the government's initial package of help.
The District Council has safeguarded a total of 684 jobs through the discretionary funding, and supported businesses to continue trading in accordance to government guidelines.
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The Sustainable Innovation Fund will help companies across all parts of the UK recovering from the impact of coronavirus keep their cutting-edge projects and ideas alive.
The fund will help power the UK’s economic recovery and develop new sustainable opportunities for businesses in any sector following the coronavirus pandemic, while helping the UK meet its ambitions to cut carbon emissions to net zero by 2050.
Businesses can apply for support through the Sustainable Innovation Fund by visiting the Innovate UK website. Find out more here.
The UK’s research work plays a vital role in our economic prosperity but is at risk from a range of income losses as a result of coronavirus and so a support package for university research and innovation during coronavirus has been launched.
Two further packages will give greater job protection to thousands of researchers, scientists and technicians working at UK universities during coronavirus.
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Changes to the Future Fund’s eligibility criteria will mean that UK companies who have participated in highly selective accelerator programmes and were required, as part of that programme, to have parent companies outside of the UK will now be able to apply for investment. Find out more here.
Government has produced a document that outlines measures to keep workers and customers safe during Covid-19 in restaurants, pubs, bars and takeaway services.
The guidance focuses on how to open workplaces safely while minimising the risk of spreading COVID-19. It gives practical considerations of how this can be applied in the workplace.
The National Lottery Heritage Fund is committed to helping the heritage sector through this crisis and into recovery.
They are providing a package of support for the heritage sector as a response to the coronavirus crisis. This includes increased advice and support, longer-term skills and capacity building initiatives, and a £50 million Heritage Emergency Fund to provide emergency funding for those most in need.
The £50m Heritage Emergency Fund is open for grants from £3,000–£250,000 until 12 noon on 31 July.
If so, join our Business NK group here. We will be sharing information, support and advice on there during Covid-19, and beyond.
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