The Government supported by the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014 to 2020 are providing grants to small and medium enterprises (SMEs) of, predominately, between £1,000 and £3,000.
Launching in the next few weeks
Hospitality venues in England are from the 18th September are legally required to enforce the rule of 6 or face a fine of up to £4,000. Businesses can download a customer logging toolkit which includes resources and posters
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[13.10.20] The Government has announced new support measures for businesses, following the implementation of a new three-tier system of medium, high and very high local COVID alerts. These include an expansion to the Job Support Scheme and the Local Restrictions Support Grant Scheme.
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Businesses are now able to sign up to be part of the landmark £2 billion Kickstart scheme, giving unemployed young people a future of opportunity and hope by creating high-quality, government-subsidised jobs across the UK.
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This business response survey will help us to gather information on how COVID-19 has affected businesses in the Black Country. This will then help us to find the right support for you and inform the Government on the challenges you are facing.
Take the survey here
In response to the economic crisis, we’ve created Trade Back: a new type of grant that incentivises social impact organisations to trade, while supporting them to recover and rebuild. Trade Back grants match ‘pound-for-pound’ any increase in income from trading above Covid period levels.
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Find out if you’re eligible to claim the Job Retention Bonus and what you need to do to claim it. You will be able to claim it between 15 February 2021 and 31 March 2021.
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As a response to the Covid-19 situation, BCGH and the Black Country Local Enterprise Partnership are working with partners to create a Black Country-wide job brokerage service.
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Access free support from experts and help your business recover from the impact of Coronavirus. Supported by the Department of BEIS and leading professional bodies, expert advisers are offering free advice to businesses.
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The Future Fund is now open and will provide government loans to UK-based companies ranging from £125,000 to £5 million, subject to at least equal match funding from private investors. These convertible loans may be a suitable option for businesses that rely on equity investment and are unable to access the Coronavirus Business Interruption Loan Scheme.
More information here
These complementary initiatives are designed to help small and medium-sized businesses (SMEs) in England improve their leadership skills and enable learning with peers. The 2 schemes represent a £20 million investment by BEIS.
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CBILS supports a wide range of business finance products, including term loans, overdrafts, invoice finance and asset finance. The scheme provides the lender with a government-backed guarantee potentially enabling a ‘no’ credit decision from a lender to become a ‘yes’. The borrower always remains 100% liable for the debt.
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Be the Business has released a Rapid Response Cohort (RRC) Mentoring Programme. This is a 12 week mentoring programme where SME leaders/key decision makers can access a mentor from leading firms to work with them for 12 weeks on the immediate challenges and priorities they are facing during this pandemic.
Find out moreIf you need help to combat the effects Coronavirus has had on your business or employees, please get in touch with our team!
0300 770 2245 enquiries@bcgrowthhub.com